China property stocks rally on hopes of potential easing of refinancing
The National Association of Financial Market Institutional has reportedly hosted a meeting with some developers in Beijing on Nov 9 to discuss financing issue
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CHINESE developers' stocks rallied on Wednesday (Nov 10) on hopes that Beijing could loosen the refinancing for developers to prevent further deterioration of the real estate and related sectors.
According to Chinese media, the National Association of Financial Market Institutional Investors - a financial association responsible for debt financing of corporates in China - hosted a meeting with some developers in Beijing on Tuesday (Nov 9) to discuss the financing issue.
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