This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%.

U.S.-listed shares of Chinese firms and China-focused funds jumped on Friday and are set for another day of strong gains, aided by the latest in a line of aggressive stimulus measures to propel economic growth in the world's second-largest economy.

The world’s second-largest economy has struggled to rebound from the pandemic, leading financial authorities to cut interest rates and support the property market.

China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.

Stock markets climbed Thursday as China signalled more stimulus for the world's second-largest economy, while a strong outlook from US chip giant Micron gave a further boost to investor optimism.