TSLA
Tesla
-- 419.350 TEM
Tempus AI
-- 44.990 AAPL
Apple
-- 220.150 NVDA
NVIDIA
-- 141.585 DJT
Trump Media & Technology
-- 35.946 
$HongkongLand USD (H78.SG)$ China’s property stocks jumped a...
China’s property stocks jumped after the country’s central bank announced measures that would help boost the liquidity available to property developers.
The move will ease a lingering cash crunch for Chinese developers that have been at the receiving end of Beijing’s crackdown aimed at addressing the sector’s bloated debt levels.
The CSI property index jumped 5.2%, while the mainland’s broader CSI 300 added 1.8%.
Shares of Hong Kong-listed Country Garden jumped 2.94%, Logan Groupgained 5.17% and Longfor Group added 4.61%. Hong Kong’s Hang Seng Mainland Properties index rose as much as 3.9%.
The People’s Bank of China and the Ministry of Finance said in a joint statement late Wednesday that these new measures will be valid until the end of 2024.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Discussing
Trump 2.0 Era: What's the next opportunity in the markets?
▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
102454616 : so enter market now?
102454616 : I am hoping to enter at 2.87 hkland.. but I don't know what this news does now...
Deep Sea OP 102454616 : Chinese govt is supporting the ailing property market which is good news for HK land that built houses there.
Deep Sea OP 102454616 : U may want to enter the market after the property market in China stabilises.
102454616 : anyway I parked 2.87... worst scenario is 2.47.. now is hanging and floating
102559790 : there are many things untold. it is not guarantee that banks must loan to these developers. and when there is no home buyer to buy their project, why the developer need the loan?