China property stocks rally after major cities ease homebuying restrictions

Chinese property developers saw a boost in their shares on Monday as major cities in mainland China relaxed restrictions to stimulate homebuyer sentiment. Guangzhou, Shanghai, and Shenzhen announced measures such as removing restrictions on home purchases and lowering down-payment ratios. This move follows the central government’s call to combat the property slump and support the troubled real estate sector. Experts believe that while these easing measures may stabilize the market, more significant efforts, such as completing stalled construction projects, are needed to restore confidence among potential homebuyers and stimulate demand.