China Developer Shares Jump on Prospects of Easier Funding
- BI gauge of developers on track for a third day of gains
- Easing rules, lower LPR to reduce funding costs, boost demand
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Shares of Chinese real estate developers rallied on Thursday, following reports that regulators may ease restrictions on their access to pre-sale funds and as lenders cut borrowing costs.
A Bloomberg Intelligence gauge of mainland and Hong Kong-listed developers jumped as much as 4.1%, set for a third day of gains. Sunac China Holdings, Logan Group Co. and Shimao Group Holdings all surged more than 10%.