China Stocks Surge on Anticipation of Market-Friendly Policies

China's stock market rebounded on Tuesday as investors anticipated market-friendly measures to be announced at the Lujiazui Forum. Property stocks led the gains, and major indexes saw positive movement. Analysts expect continued support for the property sector to stabilize the industry, leading to optimistic market sentiment.

China stocks rebounded in the noon session on Tuesday as investors looked forward to an upcoming high-profile Shanghai forum announcing further market-friendly measures.

The China Securities Regulatory Commission (CSRC) will unveil capital market-related policy measures at the Lujiazui Forum this Saturday, the securities watchdog said during a media briefing on Tuesday, raising hopes of further supportive policies. Property stocks led the gains with CSI 300 Real Estate Index and Hong Kong-listed mainland property developers advanced 2.5% and 2.6%, respectively.

Citi analysts said they expect the property sector to "re-rate" as recent policy measures reflect a "clearer top-level determination to stabilize the property industry with all-round policy turnaround and to accelerate the sector soft-landing. ** At the close, the Shanghai Composite index was up 0.41% at 3,091.20. ** The blue-chip CSI300 index was up 0.75%, with its financial sector sub-index higher by 0.52%, the consumer staples sector up 0.76%, and the healthcare sub-index up 1.73%. ** The smaller Shenzhen index ended up 0.45% and the start-up board ChiNext Composite index was higher by 1.327%. ** In Hong Kong, the Hang Seng index was up 41.07 points or 0.22% at 18,444.11. The Hang Seng China Enterprises index rose 0.34% to 6,554.32. ** The sub-index of the Hang Seng tracking energy shares dipped 2%, while the IT sector rose 0.7%, the financial sector ended 0.39% lower and the property sector rose 1.05%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.41%, while Japan's Nikkei index closed down 0.22%.

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