HONG KONG : China property stocks listed in Hong Kong jumped nearly 8 per cent on Tuesday as investors clung to hopes that Beijing would roll out supportive measures soon to bolster the embattled sector.Shares of major developer Longfor Group surged 11 per cent while defaulted peers Sunac China and KWG Gr
HONG KONG : China property stocks listed in Hong Kong jumped nearly 8 per cent on Tuesday as investors clung to hopes that Beijing would roll out supportive measures soon to bolster the embattled sector.
Investors' hopes to see further national stimulus policies increased last Friday after several second-tier cities announced their own supportive measures. Policymakers have rolled out measures since the second half of 2022 to stabilise the property market that has been further boosted by the lifting of tough COVID-19 curbs in December.
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