HONG KONG : Shares of Chinese property developers rose on Tuesday after Chinese regulators extended some policies in a rescue package introduced in November to shore up liquidity in the real estate sector.The sector has been hit by many company defaults amid a debt crisis since mid-2021, triggered by non-
HONG KONG : Shares of Chinese property developers rose on Tuesday after Chinese regulators extended some policies in a rescue package introduced in November to shore up liquidity in the real estate sector.
The central bank on Monday said it would continue a policy to extend developers' loans due this year by 12 months, with current supports for the sector failing to gain traction and markets expecting more stimulus to be rolled out soon. Sunac China, Logan Group and KWG Group listed in Hong Kong were among the top gainers, rising around 4 per cent.
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