Dow Jones Newswires: China property stocks rally on support from vice premier

by | Dec 16, 2022 | Stock Market

Chinese property stocks were higher Friday after China’s vice premier said Beijing is considering new measures to support the real estate sector, characterizing it as a “pillar industry” for the country’s economy. Among the top gainers are Guangzhou R&F Properties Co HK:2777 and Longfor Group HK:960 , which were up 5.2% and 3.8%, respectively, at the mid-day break in Hong Kong. In the mainland market, both Gree Real Estate CN:600185 and CCCG Real Estate CN:000736 rose by their 10% daily limit. The Hang Seng Mainland Properties…

Article Attribution | Read More at Article Source

Share This