China property shares rise ahead of housing delivery policies press conference

Domino’s Pizza says leaving customer’s religious insult to cops, will act against staff for posting about case online

Health minister: Putrajaya to wage war against sugar as obesity rates climb, grading system for sweetened drinks to be announced soon Hong Kong's Hang Seng Mainland Properties Index climbed 1.5 per cent by 0155 GMT, while China's CSI 300 Real Estate index was up 0.1 per cent after opening 1.2 per cent higher. — Reuters file picSHANGHAI, May 17 ― Shares of Chinese property developers rose in early trade today, ahead of a press conference later in the day by China's housing and financial regulators regarding policies to ensure housing delivery.

Hong Kong's Hang Seng Mainland Properties Index climbed 1.5 per cent by 0155 GMT, while China's CSI 300 Real Estate index was up 0.1 per cent after opening 1.2 per cent higher. Property shares had jumped earlier this week as Bloomberg News reported on Wednesday that China was considering a plan for local governments across the country to buy millions of unsold homes from distressed companies to ease a protracted property crisis.Major property developer China Vanke advanced 0.2 per cent today, adding 8.5 per cent so far in the week. Defaulted private developer Fantasia surged 19 per cent, expanding its weekly gain to 115 per cent.

Source: Real Estate Daily Report (realestatedailyreport.net)

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