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Dow Jones Newswires: China property stocks rally on support from vice premier


Chinese property stocks were higher Friday after China’s vice premier said Beijing is considering new measures to support the real estate sector, characterizing it as a “pillar industry” for the country’s economy.

Among the top gainers are Guangzhou R&F Properties Co HK:2777 and Longfor Group HK:960 , which were up 5.2% and 3.8%, respectively, at the mid-day break in Hong Kong. In the mainland market, both Gree Real Estate CN:600185 and CCCG Real Estate CN:000736 rose by their 10% daily limit. The Hang Seng Mainland Properties…

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