** Hong Kong shares of China Vanke jump 8.3% to HK$4.84; its Shenzhen shares climb 3.9% to 7.48 yuan
** The property developer is selling a
Shenzhen land plot
at a reserve price of 2.24 bln yuan ($310 mln) via auction in a bid to ease liquidity stress
** It is also in talks with state-owned investment company Guangdong Holdings to sell its 21.4% stake in logistics firm GLP, sources have said
** China's eastern city of Hangzhou said it will lift all home purchase restrictions to meet the demand for improved housing
** Rivals Hopson , Longfor , Greentown China , Powerlong , Logan , Sunac
, Agile China South City and Shimao
up between 3.3% and 42.2%
** CSI 300 Real Estate Index surges 3.7%, Hang Seng Mainland Properties Index rises 3.1% and Hang Seng Index adds 1.2%
** Vanke's Hong Kong-listed stock down 33.7% YTD, Shenzhen shares down 28.5% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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