Yuan gains as meeting sends policy signals

China's stock market and the Chinese yuan surged on Tuesday after a high-level meeting delivered strong policy signals of stepping up growth stabilization efforts and boosted investors' confidence in the country's economic recovery.

The combined impact of housing market regulation relaxation, further monetary easing and increased support for infrastructure and private investment in the rest of the year will help to address the prominent problem of insufficient demand, keeping China's economy well on track to achieve this year's growth target, experts said.

China's A-share market ended on an upbeat note on Tuesday as the benchmark Shanghai Composite Index jumped 2.13 percent — the biggest gain in about eight months — to close at 3231.52 points, led by stocks in the financial, property and liquor sectors.