China property stocks jump after Beijing proposes measures to lift troubled sector
Residential buildings under construction at the Jinmao Palace project, developed by China Jinmao Holdings Group Ltd., in Shanghai, China, on Thursday, Oct. 3, 2024. Qilai Shen | Bloomberg | Getty ImagesChina property stocks jumped Monday after Beijing laid out more support measures over the weekend to shore up the troubled sector.While the Hang Seng Index was last down 0.4% in volatile trading Monday, the Hang Seng Mainland Properties Index rose over 2%.China Resources Land was the top mover in the HSMPI, rising 7.6%.Shares of other real estate developers also saw significant gains, including China Overseas Land & Investment and Yuexiu Property gaining nearly 7% and 6%, respectively.Real estate was also the leading gainer in Mainland China's CSI 300, advancing nearly 5%, while the broa...










