China property shares jump on easier buying restrictions By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
0mins
Source: Investing.com
Property Market Surge: Shares of Chinese property developers rose significantly after major cities like Guangzhou lifted home purchase restrictions and Shanghai and Shenzhen announced plans to ease buying curbs.
Supportive Monetary Policies: China's central bank is instructing banks to lower mortgage rates for existing loans by October 31 as part of efforts to bolster the struggling property market amid economic slowdown.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
