STOCKS | Hong Kong Property Developers Surge After China Issues Real Estate Credit Guidance

According to Jin10, Hong Kong-listed property developers surged, with Sunac China (01918.HK) and Country Garden (02007.HK) both rising more than 14%, Shimao Group (00813.HK) climbing more than 10%, Vanke Enterprise (02202.HK) gaining more than 8%, and Longfor Group (00960.HK) and Seazen Group (01030.HK) also advancing. China’s central bank and the National Financial Regulatory Administration jointly issued an opinion on reforming and improving real estate credit management and accelerating the building of a new model for real estate development.