Chinese real estate stocks rally on bailout plan ...News

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Chinese real estate stocks rally on bailout plan
Regulators have revealed financial measures that would help the sector avoid a credit crunch Chinese property stocks and bonds rose sharply on Monday as banking regulators revealed a 16-step support package for the indebted sector. The financial measures aimed at boosting liquidity in the real estate sector were hailed by some analysts as a “turning point” and caused the property index to soar to a two-month high. The Hang Seng Mainland Properties Index jumped over 16%, while Hong Kong-listed Country Garden, one of China’s largest developers, gained more than 36%. Share prices of many other Chinese property develo

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