- 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.
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.
Abhishek Vishnoi
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