Shares in Hong Kong and the mainland rallied on Friday after Beijing unveiled its most far-ranging measures to support China's troubled property sector, sending real estate firms soaring.

The Hang Seng Index advanced 0.9 percent, or 177 points, to 19,553.

The Shanghai Composite Index climbed 1 percent, or 31 points, to 3,154, while the Shenzhen Composite Index jumped 1.2 percent, or 20 points, to 1,785. (AFP)