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SINGAPORE —Beaten-up Chinese stocks capped off their best week in more than a year on Thursday after a change of leadership at the market regulator and a string of support measures from Beijing ahead of an extended break stemmed a heavy selloff.
The blue-chip CSI 300 Index closed 0.6 percent higher at 3,364.93 points, taking its weekly gain to 5.8 percent, its strongest performance since November 2022.
Markets in China will be closed for a week beginning Friday for the Lunar New Year holiday.
The CSI 300 has since pulled further away from last week’s five-year low after fresh vows of support by state-linked buyers and Bloomberg reporting that President Xi Jinping would meet regulators earlier this week.
