Shanghai Lujiazui Finance & Trade Zone Development and other local developers rose after a report China approved a planned Walt Disney theme park for the city and the mayor said an announcement may come this week.

Lujiazui rose 8.9% to 30.47 yuan, the biggest gain since March 19. Shanghai Jielong Industry Corp jumped the 10% daily limit to 18.57 yuan and Shanghai Waigaoqiao Free Trade Zone Development Co climbed 6.6% to 18.38 yuan. The city’s benchmark Shanghai Composite Index rose 2.7%.

bloomberg.com