Country Garden (02007.HK) saw its stock soar by 6.02% during intraday trading on Thursday, as the Chinese real estate sector experienced a significant rally. The surge in Country Garden's shares comes as part of a broader upward trend in mainland property stocks, reflecting renewed investor confidence in the sector.

The rally in the real estate sector was widespread, with several major players posting substantial gains. R&F Properties led the pack with a remarkable 9.8% increase, followed by Shimao Group, which saw its stock climb by 8%. SUNAC also performed strongly, rising by 7%. Other notable performers included Seazen, Greentown, and China Vanke, all of which recorded gains of around 4%.

While the specific factors driving this sector-wide rally were not immediately clear, the coordinated movement suggests a possible shift in investor sentiment towards Chinese real estate stocks. Country Garden, as one of the largest property developers in China, appears to be benefiting from this renewed optimism in the sector. Investors will be closely watching for any policy announcements or economic indicators that might sustain this positive momentum in the coming days.