Stock Track | China Resources Land Soars as China Rolls Out Property Stimulus

Stock Track

Sep 24, 2024

Shares of China Resources Land, a prominent Chinese property developer, surged 6.86% on Monday after the Chinese government announced a package of stimulus measures aimed at reviving the country's sluggish economic growth.

The measures, unveiled by the People's Bank of China, included a 50-basis-point cut in the reserve requirement ratio for banks, further reductions in key interest rates, and a 0.5 percentage point decrease in existing mortgage rates. These moves are designed to boost lending and support the struggling real estate sector, which has been grappling with a debt crisis and weak demand.

China Resources Land, along with other Hong Kong-listed Chinese property developers, saw a significant uptick in their stock prices as investors welcomed the government's efforts to prop up the real estate market. The Hang Seng Mainland Properties Index rose 1.9%, while the Hang Seng Property Index climbed 1.4%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1172540623"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1172540623\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1172540623?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-24 11:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1172540623","market":"us","top_or_hot":-1,"title":"Stock Track | China Resources Land Soars as China Rolls Out Property Stimulus","media":"Stock Track","content":"<p>Shares of China Resources Land, a prominent Chinese property developer, surged 6.86% on Monday after the Chinese government announced a package of stimulus measures aimed at reviving the country's sluggish economic growth.</p>\n\n<p>The measures, unveiled by the People's Bank of China, included a 50-basis-point cut in the reserve requirement ratio for banks, further reductions in key interest rates, and a 0.5 percentage point decrease in existing mortgage rates. These moves are designed to boost lending and support the struggling real estate sector, which has been grappling with a debt crisis and weak demand.</p>\n\n<p>China Resources Land, along with other Hong Kong-listed Chinese property developers, saw a significant uptick in their stock prices as investors welcomed the government's efforts to prop up the real estate market. The Hang Seng Mainland Properties Index rose 1.9%, while the Hang Seng Property Index climbed 1.4%.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | China Resources Land Soars as China Rolls Out Property Stimulus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | China Resources Land Soars as China Rolls Out Property Stimulus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-09-24 11:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of China Resources Land, a prominent Chinese property developer, surged 6.86% on Monday after the Chinese government announced a package of stimulus measures aimed at reviving the country's sluggish economic growth.</p>\n\n<p>The measures, unveiled by the People's Bank of China, included a 50-basis-point cut in the reserve requirement ratio for banks, further reductions in key interest rates, and a 0.5 percentage point decrease in existing mortgage rates. These moves are designed to boost lending and support the struggling real estate sector, which has been grappling with a debt crisis and weak demand.</p>\n\n<p>China Resources Land, along with other Hong Kong-listed Chinese property developers, saw a significant uptick in their stock prices as investors welcomed the government's efforts to prop up the real estate market. The Hang Seng Mainland Properties Index rose 1.9%, while the Hang Seng Property Index climbed 1.4%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01109","symbol_name":"华润置地","start_time":0,"source_url":"","article_id":"1172540623","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172540623","pubTimestamp":1727146966,"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 China Resources Land, a prominent Chinese property developer, surged 6.86% on Monday after the Chinese government announced a package of stimulus measures aimed at reviving the country's sluggish economic growth.The measures, unveiled by the People's Bank of China, included a 50-basis-point cut in the reserve requirement ratio for banks, further reductions in key interest rates, and a 0.5 percentage point decrease in existing mortgage rates. These moves are designed to boost lending an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01109":"华润置地"},"translate_title":"随着中国推出房地产刺激措施，股票赛道华润置地飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01109":1},"content_text":"Shares of China Resources Land, a prominent Chinese property developer, surged 6.86% on Monday after the Chinese government announced a package of stimulus measures aimed at reviving the country's sluggish economic growth.\nThe measures, unveiled by the People's Bank of China, included a 50-basis-point cut in the reserve requirement ratio for banks, further reductions in key interest rates, and a 0.5 percentage point decrease in existing mortgage rates. These moves are designed to boost lending and support the struggling real estate sector, which has been grappling with a debt crisis and weak demand.\nChina Resources Land, along with other Hong Kong-listed Chinese property developers, saw a significant uptick in their stock prices as investors welcomed the government's efforts to prop up the real estate market. The Hang Seng Mainland Properties Index rose 1.9%, while the Hang Seng Property Index climbed 1.4%.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}