- A Bloomberg Intelligence gauge of Chinese real estate stocks listed in the mainland and Hong Kong fell 1.7% Thursday, extending declines from a December peak to nearly 21%.
- China rolled out a 16-point package to help embattled real estate companies while moving to stabilize financing for developers and construction firms.
- Other measures taken by local governments include loosening restrictions on housing purchases and lowering mortgage rates and down-payment ratios.
- Investors have been on the lookout for hints about whether authorities will continue to extend their support for the battered property industry.
Markets — Property — China — Economy — Real Estate
China Property Stocks Gauge Enters Bear as Policy Optimism Fades
Chinese property shares slid into a bear market as investor optimism from Beijing’s supportive measures over the past few months fizzled. Homebuyer confidence remains fragile despite support measures.