Chinese Property Stocks Rally on Hope for More Policy Support [Yahoo! Finance]
AGILE GRP HLDGS UNSP/ADR (AGPYY)
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Source: Yahoo! Finance
Most Read from Bloomberg US Inflation Data Was Accidentally Released 30 Minutes Early Putin and Xi Vow to Step Up Fight to Counter US ‘Containment' With a BlackRock CEO, $9 Trillion Vanguard Braces for Turbulence Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us' Dow Average Touches 40,000 Before Pulling Back: Markets Wrap A Bloomberg Intelligence gauge of Chinese real estate stocks rose 2.8% after an 11% jump Thursday. CIFI Holdings shares rose as much as 8.2%, while Agile Group jumped 8.1%. Shimao Group climbed 6.4%. Key Chinese government officials are meeting Friday morning to discuss the property market, including a proposal to clear excess housing inventory, people with knowledge of the matter said. Senior officials from the housing ministry, financial regulators, local governments and state banks will attend the gathering via video conference. The meeting is the latest effort by Chinese leaders who are increasingly prioritizing efforts to address the
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