HONG KONG :Chinese property stocks soared on Monday as the market cheered an aggressive plan outlined by Chinese regulators to shore up liquidity in the embattled sector, with the sub-index surging close to a two-month high in early trading.
The Hang Seng Mainland Properties Index gained 15 per cent, while top property developers Country Garden soared 33 per cent, narrowing gains after rallying as much as 52 per cent to the highest since July 27.
"We view the PBOC & CBIRC policy could be a game-changer for being the first comprehensive supportive policy from central authorities, unlike previous piecemeal steps," Citi said in a note on Monday, describing the package as"soaking rain after a long draught".
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: