- Beijing issued a notice to optimize real estate policies, reducing tax and social security payment requirements and expanding home purchase quotas to stabilize the property market.
- Housing provident fund support was strengthened, raising the maximum mortgage loan amounts to RMB 2.4 million for first homes and RMB 2.0 million for second homes, with potential caps reaching RMB 3.4 million.
- Following these policy updates, Hong Kong-listed Chinese property developers rallied collectively, with COUNTRY GARDEN surging roughly 8 % and other major firms posting gains of over 1 % to 7 %.
