China's stocks rose, sending the benchmark index to the highest in two months, after the central bank said it will keep a "moderately loose" monetary policy and steelmakers rallied on improving earnings prospects.
China's stock index futures closed higher Thursday with the contract for August, the most actively traded, down 0.08 percent from the previous trading day to end at 2,876.8 points.
Chinese shares continued to advance Thursday, sending the benchmark index to the highest level in two months, led by strong steel and cement makers.
The ChiNext Index, launched by the Shenzhen Stock Exchange on June 1, rose 0.29 percent, or 2.83 points, to close at 975.36 points in Thursday's trading.
China Southern Airlines Co, China's biggest airline by fleet size, rose to the highest level in more than two months in Shanghai after saying first-half profit may have risen 5,000 percent.
China's Agricultural Bank announced Thursday the over-allotment option for its global offering has been exercised in full by the joint bookrunners on behalf of the international underwriters on the day.
China will increase efforts against insider trading by expanding trial registration of individuals who may have access to privileged market-moving information.
Rubber advanced to the highest level in more than two weeks on speculation that demand may climb as Asian equity markets gained and the Japanese currency declined.
China's plan to allow yuan deposits held offshore to be channeled into the mainland's equities market will help shore up market liquidity, but it can hardly be an immediate market saver.
China's stocks rose, extending gains for the benchmark index to 11 percent from this year's low, as a jump in industrial profits and the prospects for increased spending and tourism boosted the domestic economic outlook.