2 days ago
- Business
- Wall Street Journal
Beijing Removes Suburban Home-Purchase Limit
Chinese property stocks rose in Hong Kong after Beijing scrapped longstanding restrictions on the number of homes city residents can buy in suburban areas, the latest move to revive the country's ailing real-estate sector and address a supply glut.
The Hang Seng Mainland Properties Index rose as much as 1.7% on Monday before paring gains to 1.1% by midday, outperforming the benchmark Hang Seng Index's 0.2% increase.
