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Chinese property stocks were higher Friday after China’s vice premier said Beijing is considering new measures to support the real estate sector, characterizing it as a “pillar industry” for the country’s economy.
Among the top gainers are Guangzhou R&F Properties Co HK:2777 and Longfor Group HK:960 , which were up 5.2% and 3.8%, respectively, at the mid-day break in Hong Kong. In the mainland market, both Gree Real Estate CN:600185 and CCCG Real Estate CN:000736 rose by their 10% daily limit. The Hang Seng Mainland Properties…
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