(Bloomberg) -- China’s stocks rose, led by energy companies after Offshore Oil Engineering Co. reported a jump in profit. A gauge of small-company shares headed for a record.
Offshore Oil, a unit of Cnooc Ltd., surged 9.9% after saying earnings probably climbed 220% last year. Poly Real Estate Group Co. led gains for developers, rising 2.5% after reporting a 46% jump in contracted sales last month. Huayi Brothers Media Corp. rallied 3.7%, helping to send the ChiNext small-cap index towards the highest level since it was introduced in June 2010.