Shares in China’s top real estate company Country Garden surged on Thursday following a report that the Guangdong developer has been included on a draft list of 50 companies that could be eligible for new government support aimed at fixing the country’s property crisis.
Country Garden, which has struggled to repay its overseas debts in recent months amid a slump in China’s property market, has been included on a list of 50 property developers potentially eligible for fresh support, Bloomberg reported.
Heavily-indebted…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here