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Real estate developers stocks jump on banks cutting mortgage rates

Shares of Chinese real estate developers listed in the mainland and Hong Kong surged on Friday for the second straight day while most stocks in China's A-share market were still struggling boosted by news that some banks have lower mortgage rates for first-time home buyers, which is viewed by many as the very first sign of loosening restrictions on the sector.

 

The index for the real estate sector compiled by the data provider Wind climbed 2.1 per cent after 2.2 . . .

 

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