10-07-2025
Chinese Property Shares Surge on Reports of Unverified Meeting
A gauge of Chinese property shares posted its biggest gain in nearly nine months, fueled by speculation a high-level meeting will be held next week to help revive the struggling sector.
Shares of Logan Group Co. jumped as much as 85% in Hong Kong, while Sino-Ocean Group Holding Ltd. surged by 37%. The stocks were the top gainers in a Bloomberg Intelligence index of real estate stocks, which was up more than 11%.
