Alibaba Group and other U.S.-listed stocks of major Chinese companies were set for further gains on Friday. A combination of easing monetary policy and fiscal support is boosting hopes of stronger economic growth.

Chinese stocks rallied to their best week since 2008, spurred by stimulus measures and investor optimism. The CSI 300 Index soared 15% this week.

Chinese equities are on track for their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market. The CSI 300 index of Shanghai- and Shenzhen-listed companies is up 14.

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank.

An abrupt move by China’s leaders to prime the economy with stimulus has produced a powerful rally in the country’s stocks, which have posted their biggest single-week gain in nearly 16 years. By midday on Friday,

By Stella Qiu SYDNEY (Reuters) -Chinese stocks raced toward their best week since 2008 and helped lift Asian shares to 2-1/2-year highs after Beijing rolled out a huge stimulus package to revive the economy,

CNBC's Eunice Yoon joins 'Squawk on the Street' to report on China's rally this week on Beijing's stimulus measures.