China Property Stocks Surge
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Hang Seng Mainland Properties IndexCNBC
•China property stocks jump after Beijing proposes measures to lift troubled sector
79% Informative
The rally came after China 's Ministry of Finance outlined new policy measures focused on stabilizing the beleaguered real estate sector.
Local governments will be allowed to issue more special bonds to buy land and unsold housing inventories from developers.
Investors need to wait for more details on the implementation of the plans, analysts say.
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