China stocks climb on higher dividends, led by bank shares

Hopes for new property market relief help fuel rally

Major Chinese banks are posting dividend yields of 4% to 5%, far above the average for CSI 300 companies as a whole. (Photo by Akira Kodaka)

SHANGHAI — Chinese stocks hit the highest level in three and a half years on Monday, lifted by anticipation of increased dividends and speculation about new measures to end a real estate downturn.

The Shanghai Stock Exchange Composite Index rose for a third consecutive trading day to close at 3,519.65.

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China stocks climb on higher dividends, led by bank shares

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