Chinese property developers rise on report of proposal to relax homebuying curbs

China Overseas Land & Investment

20/09/2024 06:20

** Shares of Chinese property developers rise following
report of regulators working on proposal to relax homebuying
curbs
        ** Chinese regulators are working on a proposal that
would allow mega cities such as Shanghai and Beijing to relax
restrictions for non-local buyers, 
    Bloomberg News reported
     on Thursday
  
    ** Hong Kong shares of housing transaction platform operator
KE Holdings  2423.HK  surge 5.7% to HK$40; top pct gainer in
Hang Seng Mainland Properties Index  .HSMPI 
        ** Its U.S.-listed shares  BEKE.N  jumped 8.4% on
Thursday
  
    ** Yuexiu Property  0123.HK  adds 0.5%, China Overseas Land
 0688.HK  rises 2.3% and Longfor Group  0960.HK  gains 3.9%
    ** Hopson Development  0754.HK  climbs 0.6%, China
Resourcess Land  1109.HK  rises 2.4%, China Vanke  2202.HK  up
2.8%, Sunac  1918.HK  jumps 4% and Midea Real Estate  3990.HK 
soars 9%
        ** CSI 300 Real Index  .CSI000952  rises 1.3%, Hang Seng
Mainland Properties Index  .HSMPI  jumps 2.5%, index tracking
properties and construction stocks  .HSCIPC  rises 1.9%
  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))