Property Stocks Surge in A-Shares and Hong Kong Markets: China Vanke Soars

Deep News12-10

Property stocks in both A-shares and Hong Kong markets saw a collective surge in the afternoon session. China Vanke Co.,Ltd. (000002) led the rally, hitting the daily limit-up with buy orders exceeding 2.7 billion yuan, while its Hong Kong-listed counterpart, CHINA VANKE (02202), surged over 15%. Bonds issued by the company, including "22 Vanke 06" and "22 Vanke 04," rose more than 20%, triggering temporary trading halts.

Other A-share property developers such as World Union Group, China Fortune Land Development, and Caixin Development also surged to the daily limit, followed by gains in companies like Top Service and Gemdale Corporation.

In the Hong Kong market, mainland property stocks posted strong gains. Sunac China and Radiance Holdings surged over 11%, while Agile Group, Shimao Group, and China Jinmao rose more than 9%. Country Garden climbed over 7%, and Sino-Ocean Group, Guangzhou R&F Properties, and CIFI Holdings advanced more than 6%.

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