Chinese property stocks climb as China calls for stabilizing real estate market
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Chinese property stocks rose after the Central Economic Work Conference called for stabilizing the real estate market. Hong Kong's Hang Seng Mainland Properties Index increased by 1.6%, and China's CSI 300 Real Estate Index rose by 1.1%. Stocks like China Vanke, Logan Group, and New World Development saw significant gains. The conference emphasized city-specific measures to control construction and reduce inventory, with leaders promising a proactive fiscal policy to boost economic growth.
Source: Reuters The copyright of this article belongs to the original author/organization.
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