HONG KONG : Shares of China's property developers surged on Tuesday following a sharp selloff in the previous session, after policymakers said they would step up support for the embattled sector.Hong Kong's Hang Seng Mainland Properties Index jumped 12 per cent, while Chinese CSI 300 Real Estate gained 7
HONG KONG : Shares of China's property developers surged on Tuesday following a sharp selloff in the previous session, after policymakers said they would step up support for the embattled sector.
China's top leaders pledged after a meeting on Monday to ramp up policy support for the economy amid a torturous post-COVID recovery, focusing on boosting domestic demand. The Politburo did not mention the oft-repeated phrase"houses are for living in, not for speculation" in the statement after the meeting.
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