Chinese stocks saw a significant rise due to a proposal to transfer off-balance-sheet debt from local governments to their official accounts. This, along with a positive report on service activity that exceeded economists' expectations, contributed to the market's optimism.
The CSI 300 Index increased by 1.6%, building on a 1.4% gain from the previous day, as investors anticipated further stimulus measures from a meeting of China's top legislative body.
The Hang Seng China Enterprises Index also rose by 0.6%, reflecting the overall positive sentiment in the market.