Evergrande is fixed! It’s been the biggest two-day rally in Chinese developer stocks that anybody can remember:
So, are houses for speculating on, not living in again? No.
Shares and bonds gained for a second day after reports that regulators may adjust rules to allow real estate firms to sell debt in the domestic interbank market. Another report showed state-owned enterprises are pushing for the right to increase borrowing for mergers, which could make it easier for them to snap up struggling developers. State-run banks meanwhile boosted lending to the industry last month, state media reported.
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