Reported 8 days ago
Chinese property shares experienced a significant surge after major cities like Shanghai, Shenzhen, and Guangzhou eased restrictions on homebuyers. This move is part of the government's broader strategy to stabilize the struggling real estate market, which has seen home prices plummet. Analysts suggest that while these changes may not lead to an immediate rebound in property prices, they could mitigate further declines. The People's Bank of China has also introduced measures to allow mortgage refinancing, aimed at reducing borrowing costs for millions of homeowners.
Source: YAHOO