China stocks ended higher on Thursday, with a sharp rebound in small-caps offsetting the drag from property shares and investor caution ahead of a flurry of new listings, Reuters reported. The blue-chip CSI300 index rose 1.6 percent, to 3,774.97, while the Shanghai Composite Index gained 1.4 percent, to 3,617.06 points. Wayne Shen, Shanghai-based fund manager at Ivy Assets, said that in the short term, the market was under pressure from upcoming initial public offerings, but looking forward, the market was not short of money. "There's ample liquidity in this market," Shen said, expecting some investors who fled to bonds during the summer stock market rout are coming back to equities because the debt market is already frothy, and risky.
