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14 Oktober 2013

China’s Stock Futures Rise After Biggest Weekly Gain in Month

Bloomberg (14/10) -- China’s stock-index futures rose after the benchmark index had the biggest weekly gain in a month last week.China Vanke Co. (000002) and Poly Real Estate Group Co. may move after the China Securities Journal said the government may accelerate the establishment of long-term controls on the property market. FAW Car Co., which makes passenger cars in China with Volkswagen AG, may be active after saying it probably returned to profit in the third quarter.Futures on the CSI 300 Index expiring in October gained 0.1 percent to 2,468.40 as of 9:19 a.m. local time. China’s exports fell 0.3 percent from a year earlier in September, the customs office said over the weekend. That trailed all 46 estimates in a Bloomberg News survey, while imports rose a more-than-forecast 7.4 percent.The Shanghai Composite Index (SHCOMP) climbed 1.7 percent to 2,228.15 on Oct. 11, capping a 2.5 percent gain last week. The CSI 300 Index (SHSZ300) rose 1.6 percent to 2,468.51 on Oct. 11. The Hang Seng China Enterprises Index (HSCEI) gained 1.2 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.- listed Chinese companies, added 0.9 percent in New York.The statistics bureau will release September data on inflation at 9:30 a.m. today. Consumer prices probably rose 2.8 percent from a year earlier, according to the median estimate of 44 economists in a Bloomberg survey. That compared with a 2.6 percent increase in August.