A picture taken in January this year shows a large residential project under construction in Beijing. Photo: Reuters
Chinese property stocks surge as mainland media fans rate-cut speculation and Swiss fund warns of systemic risk
- A gauge tracking 33 Chinese developers jumped by the most in a week as mainland media fanned rate-cut speculation following a slump in domestic housing market
- Rising debt defaults have turned idiosyncratic risk into systemic one, necessitation actions to stabilise the market, according to Swiss fund manager Lombard Odier
A picture taken in January this year shows a large residential project under construction in Beijing. Photo: Reuters
