China's real-estate shares rise as regulator says trend of property bubbles reversed

Fantasia Holdings

03/03/2022 02:20

** Shares in Chinese real-estate developers rise after the
country's regulator says the trend of property bubbles has been
reversed 
    ** The CSI 300 Real Estate Index  .CSI000952  gains 2.6%,
and the Hang Seng Mainland Properties Index  .HSMPI      rises
1.6%
    ** China does not want to see sharp adjustments in property
prices as they would hurt its economy, the chairman of the
banking and insurance regulator Guo Shuqing told a news
conference on Wednesday  urn:newsml:reuters.com:*:nB9N2SM02J
    ** Some adjustments in prices were good for the financial
sector, he added
    ** Gemdale Corp  600383.SS  surges 6%, Poly Development and
Holdings Group  600048.SS  and China Merchants Shekou Industrial
Zone Holdings  001979.SZ  add between 2.5% and 3%



 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))