Chinese stocks poised for weekly gain amid stimulus hopes

Chinese stocks are on track for their strongest weekly performance in a month due to optimism about potential growth stimulus measures from the government.

The onshore CSI 300 Index has risen by 0.3% as of 10:26 a.m. Beijing time, contributing to a weekly gain of 6.9%. In the previous session, there was a significant 3% increase, which was the largest surge in almost three weeks.

Traders are closely watching as a key legislative meeting nears its conclusion on Friday, with expectations that authorities may announce more robust economic support. The positive sentiment in the market reflects increasing confidence in the government's commitment to boosting economic growth despite ongoing challenges.

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