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Fortune
Fortune
Lionel Lim

China’s beleaguered real estate shares jump almost 10% after Beijing makes its ‘strongest housing pledge to date’

(Credit: Qilai Shen—Bloomberg via Getty Images)

Chinese shares continued their near-week-long rally on Monday, as Chinese officials unveiled even more measures to support the world’s second-largest economy through a consumption slump and property crisis. 

The CSI 300, which tracks companies traded in the Chinese cities of Shanghai and Shenzhen, rose 8.5% on Monday; Hong Kong’s Hang Seng Index rose 2.4%. The jump caps the Chinese market’s best week in over a decade.

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