Shares of China Resources Land, a prominent Chinese property developer, surged 6.86% on Monday after the Chinese government announced a package of stimulus measures aimed at reviving the country's sluggish economic growth.

The measures, unveiled by the People's Bank of China, included a 50-basis-point cut in the reserve requirement ratio for banks, further reductions in key interest rates, and a 0.5 percentage point decrease in existing mortgage rates. These moves are designed to boost lending and support the struggling real estate sector, which has been grappling with a debt crisis and weak demand.

China Resources Land, along with other Hong Kong-listed Chinese property developers, saw a significant uptick in their stock prices as investors welcomed the government's efforts to prop up the real estate market. The Hang Seng Mainland Properties Index rose 1.9%, while the Hang Seng Property Index climbed 1.4%.