BUZZ-Longfor jumps on report China drafting list of developers eligible for funding

Reuters2023-11-21

** Shares of property developer Longfor Group Holdings

jump 12% to HK$14.58, their highest since Sept. 25

** Stock set for biggest one-day pct rise since July 25 if gains hold; biggest pct gainer Hang Seng Index , Hang Seng China Enterprises Index and Hang Seng Property Index

** Chinese regulators are drafting a list of 50 real estate developers, including China Vanke , Seazen and Longfor, eligible for a range of funding, Bloomberg News reported on Monday

** Stock of Seazen jumps 16.7% to HK$1.47, highest since Sept. 29

** Vanke's Hong Kong shares surge 8.4% to HK$8.54, highest since Oct. 12; Shenzhen stock up 5.4%

** In China, CSI 300 Real Estate Index surges 3.6%

** Hang Seng Property Index climbs 2.8%, Mainland Properties Index jumps 4.5%, and Hang Seng Index up 1.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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