Stock Track | Country Garden Soars 8.75% as China Mulls $6.8 Billion Funding Plan to Aid Property Developers

Stock Track

Feb 12, 2025

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.

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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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02007","symbol_name":"碧桂园","start_time":0,"source_url":"","article_id":"1111942426","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111942426","pubTimestamp":1739347365,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"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  in special local government bonds to buy unsold properties and vacant land from Vanke. 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