BUZZ-HK-listed Chinese property developers rise on China's stimulus measures

Reuters09-24

** Hong Kong-listed Chinese property developers jumps after China unveiled a slate of stimulus measures to spur sluggish economic growth

** China's central bank will cut reserve requirement ratio by 50 bps, reducing key interest rates further, and slash existing mortgages rates by 0.5 percentage point

** Hang Seng Mainland Properties Index up 1.9%, Hang Seng Property Index jumps 1.4%, Hang Seng Index

rises 1.7%

** Hong Kong shares of housing transaction platform operator KE Holdings surge 5.6%, China Overseas Land jumps 3%, Longfor gains 1.8%

** China Resources Land climbs 1.4%, Sunac

jumps 2.9% and Midea Real Estate up 2.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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