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China Property

China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.

 
Visitors check out a real estate exhibition in Qingdao city, in Shandong province. News that China’s biggest property developer was shifting its foreign-currency B-shares sparked a surge in China Vanke shares on Monday. Photo: EPA

Investors give China Vanke's share plan thumbs up

Shares of China Vanke rose their 10 per cent daily limit yesterday after the country's largest developer by market value announced plans to move trading of its foreign-currency shares to Hong Kong from Shenzhen.