Deals
Chinese Developers Advance on Policy Speculation: Shanghai Mover
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Chinese real estate developers rose to the highest in 17 months after the government said it would support demand from residents seeking bigger homes, prompting speculation that authorities won’t introduce new property curbs.
A gauge tracking Shanghai-traded developers jumped 4.1 percent to the highest close since July 2011. China Vanke Co., the nation’s biggest listed developer by market value, surged 6 percent to 10.12 yuan at the close of Shenzhen trading. Beijing Urban Construction Investment & Development Co. jumped 6.5 percent. China’s benchmark Shanghai Composite gained 2.5 percent.