** Shares of Chinese property developer Country Garden
surge 15.3% to HK$0.98, highest since Sept. 26, their third straight session of gains
** Stock set to mark biggest one-day pct rise since Sept. 6, if gains hold; fourth biggest pct gainer in Hang Seng Composite Index on properties and construction stocks
** China has placed Country Garden on a draft list of 50 developers eligible for a range of financing support, Bloomberg reported on Wednesday. Other distressed developers, such as Sino-Ocean Group , CIFI are also on the list
** Stock of Sino-Ocean jumps 20%, CIFI soars 33.3%, Longfor
up 7.9%
** Meanwhile, Shenzhen adjusts the minimum down payment ratio for personal housing loans for second homes to 40% effective Nov. 23 to lower the financial threshold for residents to buy second homes, Securities Times reported on Wednesday
** In China, CSI 300 Real Estate Index jumps 3.3%
** In Hong Kong, Hang Seng Mainland Properties Index
surges 3%, Hang Seng Composite Index on properties and construction stocks climbs 0.9%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Comments