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Chinese Property Shares Surge on Unverified Reports of Meeting
Shares of Chinese property developers surged sharply on Wednesday following unverified market rumors that authorities may be planning a high-level meeting to discuss support for the struggling real estate sector.
ECONOMICS
7/10/20251 min read
Developers such as Country Garden, Longfor, and China Vanke saw their stocks jump between 10% and 20%, driven by renewed investor optimism that policymakers might introduce additional stimulus or easing measures.
While there has been no official confirmation from Beijing, speculation suggests that top financial regulators could meet with major developers and banks to address liquidity concerns and stabilize the housing market — a sector that has been under significant stress since the 2021 crackdown on excessive debt.
The rally reflects investor hopes that the government may be shifting toward a more supportive stance as it aims to restore confidence and growth in the sector, which remains a key pillar of the Chinese economy.