Chinese property developer trade higher in A-share market after regulators extend financial support measures for qualified developers
POLICY & REGULATION REAL ESTATE STOCKS
Chinese property developer trade higher in A-share market after regulators extend financial support measures for qualified developers
POLICY & REGULATION REAL ESTATE STOCKS

Chinese property developer trade higher in A-share market after regulators extend financial support measures for qualified developers

 

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Shares of Chinese property developers are trading higher in the A-share market, with Tianjin Jinbin Development surging by the daily limit of 10% at one point before paring gains to 7%, Jinke Property up 5.6%, Jiangsu Zhongnan Construction up 4.4%.

China top financial regulators have extended the financial support measures for qualified real estate developers, introduced in November 2020, through the end of 2024, in a bid to guide more financial support to the struggling sector and ensure deliveries of homes. 

In a joint announcement, the PBOC and the National Administration of Financial Regulation said that the expiration date of relevant policy measures announced in November 2020 will be extended, while other policy measures that do not have an expiration date will be in effect in the long term. Read more ...