Longfor jumps on report China drafting list of developers eligible for funding

Seazen

21/11/2023 03:58

** Shares of property developer Longfor Group Holdings
 0960.HK  jump 12% to HK$14.58, their highest since Sept. 25
    ** Stock set for biggest one-day pct rise since July 25 if
gains hold; biggest pct gainer Hang Seng Index  .HSI , Hang Seng
China Enterprises Index  .HSCE  and Hang Seng Property Index
 .HSNP 
    ** Chinese regulators are drafting a list of 50 real estate
developers, including China Vanke  000002.SZ , Seazen  1030.HK 
and Longfor, eligible for a range of funding, Bloomberg News
reported on Monday
    ** Stock of Seazen jumps 16.7% to HK$1.47, highest since
Sept. 29
    ** Vanke's Hong Kong shares  2202.HK  surge 8.4% to HK$8.54,
highest since Oct. 12; Shenzhen stock up 5.4%
    ** In China, CSI 300 Real Estate Index  .CSI000952  surges
3.6%
    ** Hang Seng Property Index climbs 2.8%, Mainland Properties
Index  .HSMPI  jumps 4.5%, and Hang Seng Index up 1.1%

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