Bloomberg3 years ago
Agile Property Holdings Ltd. (3383) led Chinese developers higher in Hong Kong amid speculation the nation’s central bank may ease monetary stance further after relaxing mortgage policies. KWG Property Holding Ltd. (1813) surged 7.6 percent, the most since May 13. China may cut banks’ reserve requirements and interest rates before the end of this year as the government enters a “crisis-prevention” mode to avoid an economic hard-landing, helping to improve housing affordability to homebuyers, Mizuho Securities Co.’s Hong Kong-based analyst Alan Jin wrote in a report today. “Housing prices should gradually stabilize in the next six months, along with improving sales volume and reduced mortgage interest rates,” Jin said in the report.