China Vanke chairman said real estate sector has bottomed in short term, though quick recovery unlikely
China Vanke chairman said real estate sector has bottomed in short term, though quick recovery unlikely

China Vanke chairman said real estate sector has bottomed in short term, though quick recovery unlikely

 

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The recent comments by Yu Liang, Chairman of property developer China Vanke Co. Ltd, excited the market on Tuesday, triggering a strong rally in homebuilders' stocks.

Yu said at the company’s shareholder meeting on Tuesday that “the real estate market has hit a bottom, from a short-term perspective.” The relatively neutral comments about the struggling sector is rare for Yu, who has been viewed as one of the most pessimistic figures in the . . .

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