Property stocks were boosted by a report that China intends to set up a special loan programme for the transformation of urban villages.$CHINA JINMAO (00817.HK)$and$SINO-OCEAN GP (03377.HK)$opened 2.7% and 3.6% higher.$COUNTRY GARDEN (02007.HK)$started 1.9% higher at $1.06 after the extension proposal for one of its domestic bond was reportedly approved.
$SUNAC (01918.HK)$shares opened hiking 10% at $3.08 after its overseas debt restructuring plan was approved by a majority of creditors.$EVERGRANDE (03333.HK)$shares opened elevating 6.6% at $0.65 after clarification that the criminal coercive measures taken against management personnel of Evergrande Wealth will not hinder operations.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more