Country Garden's stock soared 8.75% in intraday trading on Wednesday, following reports that Chinese authorities are exploring a plan to provide funding support for embattled property developers like China Vanke.
According to Bloomberg News, regulators are considering allocating 20 billion yuan ($6.84 billion) in special local government bonds to buy unsold properties and vacant land from Vanke. Additionally, Vanke and its affiliates may be allowed to tap into other financing sources, such as new bond sales and bank loans, to help repay their public and private debt.
The proposed measures aim to alleviate the liquidity crisis faced by China's property sector, which has been grappling with sluggish sales and mounting debt. Other major developers like Sunac, Shimao, Fangdd, and Ke Holdings also saw significant stock gains in response to the news.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。