KE Holdings Inc. (BEKE), China's leading integrated online and offline platform for housing transactions and services, witnessed a significant pre-market surge of 5.89% on Monday. This upward movement can be attributed to investor optimism surrounding China's potential approval of a massive fiscal stimulus package aimed at reviving its slowing economy.

According to sources familiar with the matter, China's top legislative body is considering approving over 10 trillion yuan ($1.4 trillion) in fresh debt issuance over the next few years. This includes 6 trillion yuan earmarked to address the mounting debt risks faced by local governments.

A key component of the proposed stimulus measures is the issuance of up to 4 trillion yuan in special-purpose bonds, which would enable local governments to purchase idle land and properties. This move is expected to alleviate liquidity pressures on both local authorities and property developers, potentially providing a much-needed boost to China's real estate sector.