Stock Track | SUNAC Soars 6.19% on Property Sector Policy Support and Regulatory Easing

Stock Track

2 hours ago

SUNAC's stock price surged 6.19% during intraday trading on Tuesday, reflecting strong investor optimism toward the mainland property sector.

The rally was driven by positive policy developments, including Shanghai's launch of its first batch of projects to acquire second-hand homes for conversion into public rental housing, with China Construction Bank providing financial backing. Additionally, Goldman Sachs reported that central regulators have suspended the monthly reporting requirement for the "three red lines" metrics for property developers, reducing regulatory pressure on the sector.

These developments signal continued liquidity support and regulatory easing for Chinese property developers, boosting sector sentiment despite ongoing challenges in housing demand recovery.

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