China property shares jump as major cities ease buying curbs

Pedestrians pass stores in the Datang district of Guangzhou, China, on Thursday, Nov. 16, 2023.  Photographer Qilai Shen/Bloomberg

HONG KONG: Shares of China property developers surged on Monday after first-tier cities eased curbs on home purchases, soon after the Politburo pledged to halt declines in the housing market.

Hong Kong's Hang Seng Mainland Properties Index jumped more than 10% in early trading, and the mainland's CSI 300 Real Estate index gained around 9%.