China’s latest efforts to stabilize the property sector is luring investors back into the market, pushing a gauge of developer stocks closer to a technical bull territory.
(Bloomberg) — China’s latest efforts to stabilize the property sector is luring investors back into the market, pushing a gauge of developer stocks closer to a technical bull territory.
A Bloomberg index of Chinese builders has surged nearly 18% — about two percentage points away from bullish zone — since July 24 after the country’s top leadership pledged to adjust policies to ensure a healthy development of the industry. The securities watchdog on Tuesday said it will maintain stable financing channels for real estate firms while a top housing official stepped up pressure on lenders to help revive the sector.
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