Tag: CIFI Holdings (Group)

Oil Slips; Property Rally Boosts China Stocks
Money

Oil Slips; Property Rally Boosts China Stocks

Oil prices came under fresh pressure Thursday, after recent signs of discord among leading energy producers, while growing optimism about support for property developers helped lift stocks in Hong Kong and mainland China.With the U.S. closed for the Thanksgiving holiday, action in most global markets was muted. Futures tied to major indexes edged higher, suggesting U.S. markets could be due a small bounce when they reopen for the shortened Black Friday session.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
China Property Stocks Jump on Hopes for ‘White List’ Financing
World

China Property Stocks Jump on Hopes for ‘White List’ Financing

Updated Nov. 23, 2023 12:04 am ETChinese property stocks climbed in Hong Kong trade amid rising hopes that Beijing will soon make dozens of companies eligible for financing, including developers that have defaulted on debt.The Hang Seng Mainland Properties Index, which tracks Chinese property developers, rose 4.3% on Thursday morning, lifting gains this week to 9.1%. CIFI Holdings surged 55% and Sino-Ocean Group gained 28%, while Country Garden Holdings, Kaisa Group, Agile Group, Guangzhou R&F Properties and Logan Group all gained between 11% and 18%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8