China's Stocks Advance for Seventh Day, Led by Shares of Builders, Banks

(Bloomberg) -- China's stocks rose for a seventh
day. China Vanke Co. led developers and banks higher on
speculation U.S. Treasury Secretary Henry Paulson may convince
the Chinese government to allow the yuan's gains to accelerate.

``A stronger yuan will boost profits at banks and
developers'' as investors are drawn to local assets, said Zheng
Tuo, who manages the equivalent of $790 million at Bank of
Communications Schroder Fund Management Co. in Shanghai.


Read more at Bloomberg Stocks News