U.S.-listed stocks of major Chinese companies were set for further gains on Friday. A combination of easing monetary policy and fiscal support was boosting hopes of stronger growth. American depositary receipts of electric-vehicle maker NIO were up 4.

Wall Street is trading higher before the opening bell, following global markets that surged on reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks and

China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.