Vice Premier Liu He, the country's economic czar, said Thursday at a meeting of European Union and Chinese officials that Beijing is weighing new measures "to improve the balance sheet of the real estate industry," according to state-run Xinhua news agency. Read More...
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…
