HONG KONG, April 29 Reuters Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase restrictions.

Hong Kong39;s Hang Seng Mainland Properties Index jumped 4.3 in the morning session, while mainland China39;s CSI 300 Real Estate Index surged 6.9, both to near fourmonth highs.

The rally appeared to be driven by speculation the Communist Party Central Committee39;s Political Bureau will meet in late April to discuss loosening property policies, analysts said.

Private property developers including Sunac China, and defaulted Shimao Group, KWG Group, Zhenro Properties, Fantasia and Kaisa Group, all gained more than 20.

A Hong Kong court on Monday adjourned a hearing to liquidate Kaisa to May 27, as the Shenzhenbased developer said it aims to iron out restructuring terms in the coming four weeks.

Statebacked China Vanke39;s shares in Hong Kong bounced 17 while its shares in Shenzhen rose 10.

Investors have been dumping Vanke39;s shares and bonds in recent months on liquidity concerns. The company is due to announce its first quarter results on Monday.

CIFI shares firmed 17, after the developer said it had reached an agreement with bondholders on an offshore debt restructuring plan.

Monday39;s rally followed a 14 rise in the Hong Kong mainland properties subindex last week, which was driven in part by China39;s securities…