Chinese real estate stocks rise as Beijing extends property support measures
Publishing timestamp: 2023-07-11 02:09:54
Summary
Chinese real estate stocks mostly rose after the country announced it will extend two financial policies to support the real estate market until the end of 2024. Hong Kong-listed real estate stocks saw large gains, with Logan Group leading the sector. Chinese banks had more muted gains. The move is aimed at guiding financial institutions to defer loan payments for real estate enterprises and provide financial support to ensure the delivery of housing projects.
Sentiment: NEUTRAL
Tickers: 1988-SZ, 2007-HK, 3380-HK, 1398-HK, 1939-SZ, Z2-CN, 1398-SZ, 2202-HK,
Keywords: china construction bank corp, country garden holdings co ltd, business news, china vanke co ltd, bank of china ltd, logan property holdings co ltd, industrial and commercial bank of china ltd, real estate, china,
Source: https://www.cnbc.com/2023/07/11/chinese-real-estate-property-support-measures-extended-.html