Hong Kong stocks surge, real estate stocks lead gains, lifting restrictions on purchases outside Beijing's Fifth Ring Road, institutions expect relaxation of restrictions in other first-tier cities.

According to the Wisdom Financial APP, the stocks of real estate companies are leading in gains. As of the time of publication, Country Garden Holdings (01908.HK) is up by 4.22% to HK$18.53; China Evergrande Group (01109.HK) is up by 3.51% to HK$33.50; Longfor Group Holdings (00960.HK) is up by 3.03% to HK$10.88; and Shimao Property Holdings (01030) is up by 2.6% to HK$2.76.