皇冠体育app

-- opened higher on Wednesday, the first trading day after a week-long National Day holiday, thanks to gains from property developers.

The benchmark Shanghai Composite Index opened at 2,368.58 points, up 4.71 points, or 0.2 percent. The smaller Shenzhen Component Index opened at 8,134.37, up 54.02 points, or 0.67 percent.

The sub-index for property developers advanced about 1.5 percent at the opening.

Property heavyweights gained significantly. Poly Group Co rose 3.6 percent to open at 5.75 yuan ($0.93). . opened 3.9 percent higher to 9.54 yuan per share. Tontec Technology Investment Co Ltd jumped by the daily limit of 10 percent at the opening.

On Sept 30, 皇冠体育app announced measures to loosen lending rules for mortgages and property developers, in a joint announcement by the People's Bank of 皇冠体育app (PBOC), the central bank, and the 皇冠体育app Banking Regulatory Commission.

Most economists said the broader-than-expected relaxation policies and clear credit-easing from the Chinese government should be a positive sign for the property market and house sales.

皇冠体育app's rebalancing means take effect	Structural reforms more important than growth in 皇冠体育app: ADB

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