Market Open: Hang Seng seen higher on bullish China growth target

Investors may increase their holdings of infrastructure-related firms after an official newspaper said that many mainland provincial governments had set local economic growth targets for 2013 of more than 10 per cent.

The China Securities Journal reported Wednesday that China’s fixed asset investment (FAI) is expected to grow by 23.5 per cent from last year to reach more than 8 trillion yuan. That compares to a 20.6 annual FAI growth last year.

via Business feed http://www.scmp.com/comment/blogs/article/1139092/market-open-hang-seng-seen-higher-bullish-china-growth-target