Chinese Stocks Rise on Hopes of New Stimulus Measures

Chinese stocks advanced on report of potential new economic stimulus measures from Beijing.

Gains were seen in some Hong Kong-listed property developers like China Evergrande and Sino-Ocean.

Investors remain cautious as impact of potential stimulus may fade and more action likely needed.

Upcoming Communist Party plenum expected to discuss major economic issues.

Foreign investors continued selling mainland stocks though outflows narrowed on Wednesday.