Asian stocks outside Japan advanced, with a regional gauge heading for its third gain in four days, as Chinese shares rallied after a regulator said China can boost by 10 times quotas for foreign investment in its financial markets.

Nikkei 225 10,801.57 +148.93 +1.40%

S&P/ASX 200 4,719.71 +10.22 +0.22%

Shanghai Composite 2,311.74 +68.74 +3.06%

Citic Securities Co., China’s biggest listed stock brokerage, jumped 5.4 percent in Hong Kong.

China Railway Group Ltd. added 1.2 percent after saying it won contracts worth 29.8 billion yuan ($4.8 billion).

Li & Fung Ltd., a supplier of clothes and toys to retailers, slumped 15 percent in Hong Kong after operating income dropped.