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Among the firms to have rallied significantly over the last fortnight include Zijin Mining Group, Anuhui Conch Cement Company and the Agricultural Bank of China, which has risen 39 per cent since October 4th.
The latest improvement in the index represents the greatest rally it has seen over the last three years and cuts down on the 23 per cent loss for 2011 recorded on the H-share.
Yoji Takeda, of RBC Investment Management in Hong Kong, told Bloomberg: "People are now realising stocks were oversold."
However, he observed that shares in China were hit particularly hard recently as Western investors exhibited caution over the country's "hard landing and off-balance sheet lending".
After reaching its peak yesterday (October 13th), the index retreated 2.253 per cent to close at 9,581.70 points.
Posted by Chris Weaver
