Country Garden Holdings (02007.HK) saw its stock price skyrocket by 14.58% during the intraday trading session, reaching HK$0.55 per share. The surge in stock price was accompanied by a significant increase in trading volume, which hit HK$31.3302 million.

The dramatic rise in Country Garden's stock price can be primarily attributed to its inclusion in the Stock Connect program. Both the Shanghai and Shenzhen Stock Exchanges announced adjustments to the Hang Seng Composite Index series, effective from the current trading day. As a result, Country Garden was added to the list of eligible stocks for the Stock Connect, potentially opening up the company to a broader investor base and increased liquidity.

This positive development for Country Garden comes amid a backdrop of optimizing property policies in major Chinese cities. Beijing, Shanghai, and Shenzhen have recently implemented measures to ease property purchase restrictions. According to Guotai Junan Securities, these policy changes are expected to stimulate property transaction volumes in the fourth quarter, potentially stabilizing and improving the real estate sector's fundamentals. The brokerage firm recommends investors consider allocating to property stocks during market dips, citing improved expectations for Federal Reserve rate cuts and currently low valuations in the sector.