Country Garden Shares, Dollar Bonds Jump on Financing Aid Hopes

(Bloomberg) — Country Garden Holdings Co. Ltd.’s shares and bonds jumped as news that the distressed Chinese builder will make it onto a draft list of firms eligible for financing support eased concerns over liquidity woes.

Shares in Hong Kong rallied 24% Thursday to cap their best day in a year. Its 5.625% dollar bond due 2030 gained another 10% after jumping 40% in the previous session, according to Bloomberg-compiled data. The developer’s dollar notes still trade around 8 cents on the dollar, a deeply distressed level. A gauge tracking property developer shares advanced almost 9%.