Stock Track | Country Garden Soars 7.59% as Chinese Real Estate Sector Rallies on Increased Financing
Country Garden's stock surged 7.59% in intraday trading, as the Chinese real estate sector experienced a broad rally. Other major players in the sector also saw significant gains, with SUNAC up 14%, Shimao Group up 10%, R&F Properties up 9.8%, and China Vanke up 6%.The rally in real estate stocks appears to be fueled by positive financing news for the sector. According to monitoring data from the China Index Academy , total bond financing for real estate enterprises in China reached RMB45.43 bi