China real estate developers gain after marginal easing policies

Fantasia Holdings

27/12/2021 01:54

** Chinese real estate developers rise after the country
introduced several marginal easing policies in the sector over
the weekend
    ** The CSI300 Real Estate Index  .CSI000952  gains more than
2%, with Gemdale Corp  600383.SS  up more than 9%
    ** Shares in China Vanke Co  000002.SZ , Poly Development
and Holdings Group  600048.SS , China Merchants Shekou
Industrial Zone Holdings  001979.SZ  add more than 2% each
    ** China's central bank vowed to promote healthy development
of the real estate market, saying it will safeguard the legal
rights of home buyers and better satisfy their reasonable living
needs  urn:newsml:reuters.com:*:nL1N2TB03J
    ** China's top real estate regulator vowed to resolutely
tackle risks stemming from overdue delivery of residential
properties by some top developers in a bid to maintain social
stability  urn:newsml:reuters.com:*:nL1N2TA03R
    ** Embattled China Evergrande Group  3333.HK  said it had
made initial progress in resuming construction work, with its
chairman vowing to deliver 39,000 units of properties in
December, compared with fewer than 10,000 in each of the
previous three months  urn:newsml:reuters.com:*:nL1N2TB066



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