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SHANGHAI, Feb 8 (Reuters) - China shares closed up on Thursday after Beijing appointed a veteran regulator as the new securities watchdog head and policymakers took measures to stabilise the sluggish stock markets.

The markets will be closed for the long Lunar New Year holiday from Friday. ** For the week, the CSI300 jumped 5.8% and the Shanghai Index advanced 5%, both booking their biggest weekly gain since November 2022.

"We remain cautious on 1-year horizon, but see rising chance of strong liquidity support for national team's stock purchase." ** "This unusual move signals more attention to capital market from top leaders," Jefferies analysts said in a note.

** Shares in companies with small-and-micro market capitalisation led the gains, with the CSI 1000 Index and the CSI 2000 Index up 4.1% and 8.8%, respectively. In previous weeks, these stocks were hit most badly during the market downturn.

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