Chinese Property Shares Rally on Policy, Vanke Debt Hopes
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Chinese property stocks surged on speculation of new policy stimulus and bets on progress in China Vanke Co.’s debt-restructuring talks.A Bloomberg Intelligence gauge of developer shares jumped more than 4% as trading resumed after a mid-day break on Wednesday. Shares of Vanke — the center of investor scrutiny following bond payment delays — were up nearly 19% in Hong Kong at one point.