Stock Track | KE Holdings Soars on Hopes of Relaxed Homebuying Rules in China

Stock Track

Sep 20, 2024

Shares of KE Holdings Inc., a leading Chinese property platform operator, surged 8.33% on Wednesday, September 19th, amid growing optimism surrounding the potential relaxation of homebuying restrictions in major cities across China.

According to a Bloomberg News report, Chinese regulators are working on a proposal that would allow mega cities such as Shanghai and Beijing to ease curbs on non-local home buyers. This development fueled a rally in the stocks of Chinese property developers, including KE Holdings.

KE Holdings, which operates a popular online platform for housing transactions, saw its Hong Kong-listed shares jump 5.7%, while its U.S.-listed stock soared 8.4% on Thursday, reflecting the positive market sentiment. Other property developers, such as Longfor Group, Sunac, and Midea Real Estate, also experienced significant gains, driven by the potential policy shift.

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Other property developers, such as Longfor Group, Sunac, and Midea Real Estate, also experienced significant gains, driven by the potential policy shift.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BEKE","symbol_name":"贝壳","start_time":0,"source_url":"","article_id":"1124402594","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124402594","pubTimestamp":1726809760,"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":"Shares of KE Holdings Inc., a leading Chinese property platform operator, surged 8.33% on Wednesday, September 19th, amid growing optimism surrounding the potential relaxation of homebuying restrictions in major cities across China.According to a Bloomberg News report, Chinese regulators are working on a proposal that would allow mega cities such as Shanghai and Beijing to ease curbs on non-local home buyers. 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