September 24, 2024 02:25 GMT
CHINA: Property Stocks Jump New Policy Announcements
CHINA
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- China property stocks jumped on the news from the PBOC of policy changes aimed at stabilizing the property sector.
- Long in the doldrums real estate equity markets greeted the new positively with names up on the day.
- Key names saw their value rise with Sunac , China Resources Land and Longfor Group the main names rallying on the news.
- The reduction in the deposit amount for second homes to 15% sees that rate at its lowest level ever.
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