Nov 24, 2023 04:31 AM

FINANCE

Chinese Property Stocks Climb on Hope of Further Support

By Chen Bo and Han Wei

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Property stocks extended their rally for a fourth day Thursday

Property stocks extended their rally for a fourth day Thursday

Shares of Chinese property developers jumped amid hopes that regulators are doubling down on efforts to shore up the ailing industry with more financial support on the way.

Property stocks extended their rally for a fourth day Thursday, following reports that the top financial regulator ordered financial institutions to meet the reasonable funding needs of property developers.

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