Gains in Chinese shares gathered pace Thursday, restoring some confidence in Beijing’s suite of attempts to rescue its struggling stock market. The Shanghai Composite rose 5.8% to 3709.33 while the smaller Shenzhen market rose 3.8%. Both indexes have lost around a third of their value in the past month. The small-cap ChiNext board, which has shed some 38% from its June highs, rose 3%. Stocks in Hong Kong, which suffered their worst trading session since the global financial crisis on Wednesday, rose 4.1%. A gauge of Hong Kong-listed Chinese companies, known as H-shares, is up 4%. “The market shows signs of stabilizing because the regulator came to rescue small-caps, especially those on the ChiNext, which eased the liquidity crisis and gave investors a much-need dose of confidence,” said Tang Yonggang, an analyst at Shenyin Wanguo Securities. On Wednesday, regulators announced that the China Securities Finance Corp., a commission unit […]