China shares rise on hope

China shares rose on Monday on speculation of further policy easing after news that the country's central bank was set to inject funds into to several banks, while Hong Kong's market gained on positive US data. The news helped push the Shanghai Composite Index up 0.3 per cent to 2,347.0 points by midday. The CSI300 of the leading Shanghai and Shenzhen A-share listings also gained 0.2 per cent. The anticipated PBOC move comes amid signs that Chinese investors are beginning to bet that the central bank is going to reduce the official deposit rate, now fixed at 3 per cent. Shares in domestic software companies jumped after local media said the government would soon start using computer systems developed by Chinese firms. China's government announced in May it had banned government use of Windows 8, Microsoft Corp's latest operating system. Bringspring Science and Technology Co and Wonder Information Co jumped by their 10 per cent daily limit, according to Reuters.