Chinese Property Shares Rally on Policy, Vanke Debt Hopes

Chinese property stocks surged on speculation of new policy stimulus and bets on progress in China Vanke Co.’s debt-restructuring talks.

A Bloomberg Intelligence gauge of developer shares jumped more than 4% as trading resumed after a mid-day break on Wednesday. Shares of Vanke — the center of investor scrutiny following bond payment delays — were up nearly 19% in Hong Kong at one point.