Logan Dollar Bonds, Property Shares Increase: Evergrande Update
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Shares in Chinese property developers rose after regulators eased loan curbs on public rental homes. A Bloomberg Intelligence gauge of the sector gained as much as 3%, the biggest increase in about three weeks.
Stocks in mainland China overall advanced in line with regional peers and after what people with direct knowledge of the matter said was intervention a day earlier by state-backed funds. The benchmark CSI 300 Index closed up 0.9%.