New Property Policies Give Boost to Main Stock Indexes

(Beijing) – The country's two main stock indexes opened higher on March 31 after the central government lowered down payment amounts for second homes and shortened a capital gains tax period for people selling apartments.

Rising share prices of property companies helped the Shanghai Stock Exchange Composite Index to open at 3,822.99, up 0.96 percent from a day earlier, and the Shenzhen Stock Exchange Component Index to start at 13,420.92, up 1.73 percent.