Reported 5 months ago
The article discusses the surge in trading of China Vanke Co. shares due to China's housing rescue package and the firm securing nearly $4 billion in funding, leading to increased bets on its survival. Trading turnover reached a four-year high, with the stock remaining active after securing syndicated loans to alleviate cash concerns. Bulls are quickly investing following government measures to support the property sector, such as central bank funding for unsold homes, and the stock's low valuation despite a significant rebound.
Source: YAHOO