"China's Market Rally: Government Support Sparks Surge in Stocks"

Chinese equity markets surged after government officials announced measures to support the market and President Xi Jinping stepped in to discuss recent market losses. The Hang Seng in Hong Kong gained 4%, with index heavyweights such as JD.com and Alibaba both nearly 8% higher. The rebound followed pledges to guide institutional investors to increase stock buying, urging long-term funds to resume buying, and allowing foreign buyers deeper access into stocks they’d previously been restricted from owning. However, concerns over small-cap stocks remain as investors worry that government and fund efforts to resume buying will focus on large-cap stocks.