Investors propel shares of Hainan linked companies on plans to start horse racing, sports lotteries

Shares of most Hainan-based companies jumped by their 10 per cent daily limit on Monday after Beijing said it would allow the southernmost province to develop horse racing and sports lotteries as part of plans to turn the island into China’s biggest pilot free-trade port.
Companies engaged in businesses ranging from making cars to shipping such as Haima Automobile Group, China Hainan Rubber Industry Group, Xinlong Holding Group, Hainan RuiZe New Building Material, Hainan Strait Shipping,…

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