Other tech companies, including JD and Baidu, also saw their share price rally.

包括京东和百度在内的其他科技公司股价也出现了上涨。

A number of measures will be taken to help MSEs and self-employed individuals cope with the price rally of raw materials in upstream industries.

The stock rally seemed to suggest that investors took the speculation of HNA Group being taken over by the government as a positive development.

The deal ignited a rally in shares of Jiangxi Copper in Shanghai.

The surge followed a 1.96 percent rally in its New York-listed shares to $190.45 on Monday.

Over the weekend, Sogo department stores in the heart of Causeway Bay took the lead to close for the day as protesters gathered outside to launch a new round of rally.

Shares of STO Express closed the morning trade 4.44 percent lower at 21.50 yuan Wednesday in Shenzhen, but the share price has gained 30.7 percent so far this year amid a broad market rally.

Dai sought to rally the company with organizational restructuring and upgrading, establishing three centers for coordinated operation.

Analysts said PetroChina has been recovering from its not-that-ideal performance the previous year as the rally in oil prices bolstered its exploration and production segement.

"As an advocacy group for China-US trade and investment, I hope CGCC-Los Angeles and its member companies will continue to reach out to the local business community as well as people of all walks of life to rally more support for closer economic and trade ties and do more on social responsibility for the local community," he said.

Fund managers and analysts attribute the share price rally to retail investors' positive sentiment on the group's improving business outlook and refinery margin amid improving oil prices.

Bolstered by Tencent's rally on Nov 21, the Hang Seng extended its winning streak to a third straight session, up by 1.9 percent, or 557.8 points, to close at a 10-year high of 29,818.1 points after crossing the 29,000-point threshold on Nov 17.

"The insure-tech company is looking to gain momentum from an eight-month rally in Hong Kong's benchmark Hang Seng Index, which hit a two-year high last month and extends the long but rare winning streak to this month.

The rally continued on Thursday as it jumped 6.7 percent higher at opening to HK$22.30 per share.

Hong Kong-listed Chinese property companies have staged robust rally since the beginning of this year.

Part of the sharp rally can be explained by Evergrande's plan to raise money and list in the mainland and on speculation that the developer will benefit from rising home sales in smaller Chinese cities.

As manufacturers' purchasing activity recovers while commodity prices rally, the country's inflation may also recover, with the year-on-year decline in the producer price index, a gauge of factory-gate prices, likely to narrow from 3 percent in August to about 2.4 percent in September, said Wen Bin, chief economist at China Minsheng Bank.

He called on media outlets to uphold the vision of building a community with a shared future for mankind, carry forward the Lancang-Mekong Cooperation spirit, shoulder responsibilities and gather strength from all sides, in order to rally stronger public opinion to strengthen win-win cooperation and people-to-people bonds among countries in the region.

The Russia-Ukraine conflict last year extended the price rally of various commodities, such as oil, but oil prices have moderated of late.

Yet experts cautioned that such a double-digit growth may not point to a full-blown recovery in consumption, given that last year's low comparison base was a key reason behind the rally, making measures supportive of consumption still necessary.

Wang Chunying, deputy head and spokeswoman of SAFE, said the figures have indicated "generally balanced "cross-border capital flows last year, which will become more stable this year as China may become the world's only major economy to see a rally in economic growth.

As some provinces and cities in China have announced that they have passed the peak of the current COVID-19 outbreak, population mobility and economic activity are regaining their momentum, propelling a rally in the Chinese currency and the stock market.

The rebound will be underpinned by three key factors — a rally in domestic consumption due to reduced COVID-19 disruptions, improving confidence in the property and private sectors, and stepped-up macroeconomic policy adjustments.

Hu Yifan, regional chief investment officer and head of macroeconomics for Asia-Pacific at UBS Global Wealth Management, said the Swiss wealth manager forecasts that China's year-on-year retail sales growth may rally from about 1 percent last year to at least 5 percent this year as economic activity returns to normal from COVID-19 and creates more offline consumption.

China's economy is expected to rebound next year and sustain the rally in Chinese equities, though market volatility could remain elevated, prominent investment banks and wealth managers said on Wednesday.

Led by the rally of the technology sector, the Hang Seng Index in Hong Kong jumped 3.24 percent to close at 24,573.29 points on Friday, the first trading day of Lunar New Year.

Referring to the recent rally in coal prices, the government announced a series of measures to cool the market since October, such as boosting output and cracking down on illegal activities like price gouging and market collusion.

The photovoltaic sector was a major contributor to Friday's rally.

Wang Chikun, an independent economist, said the recent rally in coal prices was the result of multiple factors like the rise in commodity prices, insufficient coal inventories and production, rising coal demand, economic recovery, and hoarding in the market.

China's Yangtze River Delta region has generally become a strong and active growth engine to the country's economic development, as the region's GDP contribution continued to rally, according to the country's top economic planner.

Song Qinghui, an independent economist, said the rally in coal prices is a result of multiple factors, including insufficient domestic coal production and the rising commodity prices in the global market.

As the rally in coal prices has increased costs for downstream manufacturing enterprises, such companies should take new measures like optimizing the process, innovating in technologies and adjusting product structure to ease fresh pressure on rising costs, Bai said.

Liu Ran, a consumption industry analyst with Centaline Securities, noted that consumption stocks on the country's A-share market had retreated notably since February, but in the first two weeks of September before the National Day holiday, companies in the sector experienced a price rally, with the scenic spot, hotel and catering-related subsectors all reaping gains.

Shi noted that since this year, due to higher production and operating costs caused by a rally in commodity prices, difficulties facing smaller businesses are rising, with many of them having "yet to regain their footing".

Since the beginning of this year, due to rising production and operation costs caused by the commodity price rally, coupled with increasing accounts receivable and the impact of COVID-19 and natural disasters, they have been faced with mounting difficulties.

Experts said the recent rally in commodity prices was a result of multiple factors like the overhang from a global price rise, imbalances in supply and demand recovery, and hoarding of, and speculation in commodities.

Zhou Maohua, an analyst at China Everbright Bank, spoke highly of the government's moves to curb the commodity price rally and crack down on illegal activities such as hoarding, saying the factors supporting this round of commodity speculation are weakening.

Tao Jin, deputy director of the macroeconomic research center of the Suning Institute of Finance, said that while the commodity price gains did bring about profit growth for China's industrial sector in the early stage, the price rally will now lead to an increase in production costs for enterprises in midstream and downstream manufacturing industries and will increase risks in the country's industrial chain.

Neither the supply side nor the demand side will support a continuous commodities rally.

Tao Jin, deputy director of the macroeconomic research center of the Suning Institute of Finance, said the recent commodity price rally has led to an increase in production costs for Chinese companies in some mid－and downstream manufacturing industries.

China's producer prices rose at a faster pace in May to the highest level since September 2008 as domestic demand steadily recovers and raw material prices continue to rally, official data showed Wednesday.

Affected by global price rises and excessive market speculation at home, China's bulk commodities have seen price rally in recent months.

As monetary conditions tighten, US bond yields and the greenback may see a rally and impair the comparative advantage of the renminbi and Chinese bonds, leading to slower foreign capital inflows and fluctuations in the renminbi, Wang said.

Multi-pronged measures will be taken to help MSEs and self-employed individuals cope with the price rally of raw materials in upstream industries.

Zhou Maohua, an analyst at China Everbright Bank's financial market department, said the current price rally would not last for a long time.

The NDRC meeting said the recent price rally in commodities is driven partly by the transmission of global price rise and overspeculation has also pushed up the prices.

The recent price rally in commodities is partly driven by the transmission of global price rises, but excessive speculation in the market has also pushed up the prices, said the meeting.

Tony Sycamore, Asia-Pacific analyst with City Index, a United Kingdom-based trading service provider and part of Gain Capital, said underpinning the rally are infrastructure stimulus, reviving economic activities, a weaker US dollar, and seasonal factors.

Commodities like iron, copper and oil have had a remarkable rally in the international markets, rebounding from the COVID-19-dug bottom reached early last year.

Since the beginning of this year, due to multiple factors especially the transmission of global price rise, some commodities have seen extended price rally, with the prices of some varieties hitting new records.

Investment, consumption and exports, the three drivers of aggregate demand, all delivered a rally.

The CPI reading picked up as non-food prices rose amid the rally in international commodity prices and recovering service prices while the effect of last year's high comparison base abated, the NBS said.

The worldwide normalization of economic activities will sustain the rally in international commodity prices and prop up factory-gate prices in China, which will gradually filter into consumer prices, Wang said.

Economic growth may "rally sharply" in the first quarter of the year, Liu said, citing that exports and industrial production expanded fast while consumption and investment recovered steadily in the January-February period.

The stronger-than-expected inflation readings came after a sustained rally in global commodity prices like oil and copper triggered expectations of global reflation.

"The home price rally in first-tier cities also contributed to the higher transaction volumes in these cities," he said.

Experts expected the economy to grow by more than 2 percent in 2020 on the back of a rally in investment and strong exports, with full-year GDP exceeding 100 trillion yuan ($15.45 trillion) for the first time.

"The steady recovery in domestic demand and the sustained rally in international prices of some commodities continued to push up the prices of industrial goods," said Dong Lijuan, an NBS statistician, citing the rising prices of oil, iron ore and nonferrous metals.

The steady recovery in domestic demand and sustained rally in international prices of some commodities continued to push up industrial good prices, Dong said, with the PPI rising 1.1 percent on a monthly basis in December, up by 0.6 percentage points from November.

Zhang Wenlang, chief macroeconomic analyst with investment bank China International Capital Corp Ltd, said the rally in domestic demand should continue to speed up next year as the pandemic situation further stabilizes while household income and employment improve.

As a result, there is still room for prices to rally in the fourth quarter, Yang said.

Following the rally, the two companies issued statements warning of risks in stock trading.

- China's logistics industry continued to rally as the import logistics improved and the holiday economy helped release consumption logistic demands, according to an industry report.

Real estate stocks staged a broad rally on Thursday, with Country Garden shares surging 23.53 percent and those of Longfor Group up over 13 percent.

Policy easing spurs demand and recovery hopes, but rally not yet in sightDespite constant fluctuations in China's troubled housing market, a tentative recovery is taking shape nevertheless, particularly in top-tier cities, on the back of several local-level policy easings — and this will likely lay a solid foundation for the real estate sector's high-quality and sustainable development in the long term, experts said.

The rally among energy heavyweights underpinned a 0.28 percent gain for the Shanghai Composite Index on Monday, which closed at 3221.45 points, whereas other benchmark indexes tracking A shares dropped.

To assess the sustainability of the market rally of SOEs, Meng said investors can monitor SOEs' interim results, which are set to be released in August and could shed more light on their potential operating efficiency improvements, as well as any further policy guidance on SOE reforms and the valuation system with Chinese characteristics.

Yan of E-house said housing supply, especially in the pre-owned home segment, has been on the rise lately, which might stem a price rally.

China's energy consumption continued to rally in the first quarter of 2023, boosted by the country's rising industrial power demand, a government official said Thursday.

A broad rally in home prices appeared in major Chinese cities, which also indicated the strong momentum for home prices to get further stabilized, Yan said.

Lin Bo, general manager of China Real Estate Information Corp's research center, attributed the market rally to the optimization of COVID measures, recovery of supply chains and a low base in January.

Yang said the country's credit expansion is expected to rally in the second half as LPR reductions boost credit demand while policy-based financial instruments and structural monetary tools further take effect.

Shares of property developers staged a broad rally on Wednesday, with the sector rising 1.28 percent on average.

Prices percolating as demand rises; shortage in Brazil inspires searing rally in marketWith coffee beans in short supply worldwide and Chinese consumers expanding their coffee habit, Yunnan province beans have increasingly appeared in major coffee chains in China as prices rise.

Li Ziyue, an analyst with BloombergNEF, said the company's record production volume of 573 million barrels of oil equivalent in 2021 and output target for 2022, which is set to grow by 4.9-6.6 percent yearly to reach 600-610 million barrels of oil equivalent, are welcome news as current geopolitical tensions have spurred a rally in oil and gas prices and demand.

China's top regulators expressed their support for stabilizing the property sector in meetings on Wednesday, which has greatly boosted confidence and strengthened market expectations, resulting in a broad rally of real estate shares in Thursday trading.

According to Zhu, rising iron ore prices are in line with the rally in other mineral resources amid the global economic recovery seen since last year.

The iron ore price rally has caught the attention of the market watchdogs recently.

Climate and logistics issues in top producer Brazil contributed to the rally.

Analysts said the recent rally in iron ore prices involved market speculation.

Zheng Lei, chief economist at Glory Sun Financial Group, said the rising iron ore prices are in line with the rally in other mineral resources amid the global economic recovery seen since last year.

Zhou Maohua, an analyst at China Everbright Bank, said the rally in iron ore prices is mainly due to market expectations that the resumption of production and work after the Spring Festival holiday will drive up demand for iron ore as well as the export disruptions from heavy rainfall in southern Brazil in January.

Zhou's views were echoed by Yang Jinghao, chief economist at Concat Data Technology (Hangzhou) Co Ltd, who said the NDRC's warning came as the rally in iron ore prices increased the pressure of rising costs on manufacturers.

"The recent rally in coal prices has significantly increased costs for downstream industries like electricity, steel, building materials and chemicals.

Chile, the world's top supplier of copper and second-largest lithium producer, has decided to shut its borders from Monday to May 1 to contain a new wave of COVID-19 cases, stoking concerns that metal exports will be restricted and further fuel a rally in international commodity prices.

Thursday's market movement followed a massive rally in the prior session that saw both crude benchmarks surge more than 4 percent.

According to Sobotka, the new energy vehicle market in China has been improving steadily despite the pandemic, and demand for both cobalt and copper, which is on an unprecedented upward rally, continues to strengthen.

In the long run, however, only TCM companies that prove instrumental in treating COVID-19 will likely rally.

For 35 year-old Beijing-based Liu Ronghuan, the precious metal is not the ideal choice either for jewelry or for investment, as the price of gold continued to rally.

AIGC-related stocks have continued to rally in the A-share market, but experts expressed concern that the ChatGPT-like concept might be overhyped and suggested that people should invest rationally in the stock market.

AIGC-related stocks continued to rally in the A-share market, with Chinese AI companies, such as Cloudwalk Technology and Speechocean, seeing their shares surge by the daily limit of 20 percent on the science and technology innovation board on Monday.

This new 911 variant is inspired by the 1984 Paris-Dakar-winning rally car, also a 911, which obtained the first overall victory for Porsche.

The report noted the recent rally in auto chip prices was mainly driven by hoarding and speculation in the market.

Xiang Ligang, director-general of the Information Consumption Alliance, said hoarding and speculation have caused the auto chip prices to rally, and the government's investigation to crack down on illegal activities will help ease chip shortage.

The original 5 was hugely popular and remains a favorite of collectors as well as rally fans ready to pay tens of thousands of dollars for turbocharged models.

At the same time, Li Auto's domestic rival Nio, which raised a similar amount in a $1 billion float in New York back in 2018, has seen its stock price rally.

The center will join hands with the Nanhai district government of Foshan, a major manufacturing base in the Pearl River, to establish a fuel and battery laboratory, launch a fuel cell rally for NEV technology innovation and set up an industrial innovation fund.

Thursday's rally came a day after the State-owned Assets Supervision and Administration Commission of the State Council said that efforts will be made to study the inclusion of market value management in the performance appraisal of executives at listed SOEs, to get these executives to attach greater importance to companies' stock market performance.

Experts from Guotai Junan Securities explained that the 31.2 billion yuan net purchase of exchange-traded funds based on the CSI 300 index, which monitors A-share heavyweights, contributed to Thursday's rally.

Attractive valuations, improving corporate earnings amid stepped-up policy support and the potential for subdued investor sentiment to recover have all suggested room for a rally, they said.