News Formal

China property stocks rally after major cities ease homebuying restrictions

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Shares of Chinese property developers rallied on Monday, fueled by easing homebuying measures, following authorities’ blitz of policy stimulus last week.

The Guangzhou city government said in a notice on Sunday that all restrictions on home purchases would be removed, effective from Monday.

Shares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank's blitz of policy stimulus.said in a notice on Sunday that all restrictions on home purchases would be removed, effective from Monday.

The view is shared by Gary Ng, APAC economist at Natixis, who suggests the effect more limited in smaller cities"given the elevated inventory level." They are more likely to lead to some"stabilization" rather than a turnaround, Ng said.last week. Authorities"must work to halt the real estate market decline and spur a stable recovery," according to a readout of the high-level meeting, chaired by Chinese President Xi Jinping.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks dip after US presidential debate; Chinese shares at 7-mth lowAsian stocks dip after US presidential debate; Chinese shares at 7-mth low
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares extend gains after China-driven rallyNEW YORK (AP) — Asian shares pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
Source: Mynorthwest - 🏆 438. / 53 Read more »

Stock market today: Asian shares extend gains after China-driven rallyShares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares extend gains after China-driven rallyShares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading.
Source: ksatnews - 🏆 442. / 53 Read more »