Deals
China Property Executives Buy Stock After Curbs Damp Values
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Executives of Chinese developers including Shimao Property Holdings Ltd. and Glorious Property Holdings Ltd. are buying the most stock in their companies since at least 2008, betting the government will ease curbs on the property market that had depressed the shares.
Shimao’s billionaire Chairman Hui Wingmau bought 11 million shares in November, bringing the total this year to 82 million, the most since 2008, according to data compiled by Bloomberg. Glorious Chairman Zhang Zhirong, with a $5.4 billion net worth according to Forbes, purchased a record 119 million shares through 11 transactions, mostly in September, the data show.