China's three major A-share indices jumped in afternoon trade, all turning positive; the ChiNext Index and Shenzhen Composite rose over 1%. Earlier, near the morning-session close, all three had fallen more than 1%.

The State Council approved the Expanding Consumption "15th Five-Year Plan", directing removal of unreasonable restrictive measures. It calls for shifting auto consumption from purchase-management to use-management: provide phased guarantees allowing no-car households repeatedly unsuccessful in license-plate lotteries to buy cars, and explore differentiated vehicle purchase quota management for urban and suburban areas. The plan supports city-by-city adjustments to real-estate policy to better satisfy rigid and upgrade housing demand, and directs deeper reform of the housing provident fund with expanded permissible uses to meet contributors’ housing needs across life stages. It also mandates streamlined approvals for performing arts and large public events via one-stop, end-to-end online processing and reinforces content-review responsibility for first-performance venues.

Hong Kong-listed auto shares extended afternoon gains: Nio-SW (09866.HK) rose more than 8%, Xpeng (09868.HK) and Li Auto (02015.HK) rose over 3%, while BYD (01211.HK) and GAC Group (02238.HK) gained nearly 3%.