Source:
https://scmp.com/business/markets/article/3192588/chinas-property-developers-rally-authorities-remove-strictures
Business/ Markets

China’s property developers rally as authorities remove strictures to revive slumping home sales

  • The shares of Country Garden Holdings, Longfor Group Holdings, China Overseas Land & Investment (Coli) all soared by over 10 per cent in Hong Kong
  • The Hang Seng Mainland Properties index by 4.7 per cent in its biggest one-day gain in four days
A real estate expo in the Fujian provincial capital of Fuzhou on November 16, 2012. Photo: Xinhua

China’s developers are surging in the Hong Kong stock market, as more local authorities rolled out incentives and stimulus measures to shore up home sales in the world’s largest property market.

The shares of Country Garden Holdings, Longfor Group Holdings, China Overseas Land & Investment (Coli) all soared by over 10 per cent in Hong Kong, lifting the Hang Seng Mainland Properties index by 4.7 per cent in its biggest one-day gain in four days.