Property Stocks Lead China Rally as Stimulus Measures Lift Mood

(Bloomberg) — Chinese stocks jumped after the nation rolled out further property support measures, the latest in an intensifying campaign to rescue to beleaguered sector that’s been dragging down the economy.

The Hang Seng China Enterprises Index gained as much as 3.6%, with property names Longfor Group Holdings Ltd. and China Resources Land Ltd. leading the advance. A Bloomberg Intelligence gauge of developer shares surged more than 8%. The CSI 300 Index of onshore China shares rose 1.7% to add to its gains Friday, when Hong Kong’s stock market was shut due to a typhoon.