Chinese shares have seen a substantial rally as officials implement measures to support the economy amid consumption slumps, marking the best week in over a decade.
The CSI 300 index surged 8.5% and Hong Kong's Hang Seng Index rose 2.4%, signaling a robust rebound in the Chinese stock market dominated by positive sentiments.
Measures reducing restrictions on property purchases in major cities like Guangzhou, Shenzhen, and Shanghai reflect a concerted effort to stabilize the real estate market.
Major banks have committed to adjusting mortgage rates for existing loans, showcasing a proactive approach by the financial sector in support of the government's housing policies.
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