China’s stock rose after sovereign wealth unit bought bank shares from four biggest banks. This led to the spurring a rebound for the benchmark index from the lowest level in more than two years.

Industrial & Commercial Bank of China Ltd. climbed the most in six weeks while China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. jumped at least 2 percent after Central Huijin Investment Ltd. acquired their shares. The stock market pared gains as Yanzhou Coal Mining Co. and its rivals plunged after the government announced higher resource taxes on coking coal.