SHANGHAI: Chinese developer stocks and bonds rallied after a report that the nation’s financial regulators told the biggest state-owned banks to provide financing worth at least US$85bil (RM395bil) to the battered property sector.
A Bloomberg Intelligence gauge of real estate stocks jumped as much as 2.6% before paring gains.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
