0631 GMT - Chinese property stocks surged in Hong Kong on positive sentiment toward the real-estate sector, analysts say. Some media reports say China's housing provident fund will result in lower borrowing costs and boost loan funds, but Morningstar analyst Jeff Zhang says that it wouldn't be a significant market mover. Some analysts attribute the gains to Seazen's plan to raise $200 million to $300 million via a 2.5-year dollar bond offering. The benchmark Hang Seng Mainland Properties index is up 1.7% at 1309.73. Seazen Group gains 7.2% and Sino-Ocean Group rises 5.2%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 10, 2025 02:31 ET (06:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.