China property shares in Hong Kong climb on latest easing of mortgage rules

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HONG KONG : Hong Kong's Hang Seng Mainland properties Index rose nearly 4 per cent on Monday after China further eased the mortgage loan rate guidance.Chinese financial authorities on Sunday allowed a further cut in mortgage loan interest rates for some home buyers, in another attempt to prop up its prope

HONG KONG : Hong Kong's Hang Seng Mainland properties Index rose nearly 4 per cent on Monday after China further eased the mortgage loan rate guidance.

Chinese financial authorities on Sunday allowed a further cut in mortgage loan interest rates for some home buyers, in another attempt to prop up its property market and revive a flagging engine of the world's second-largest economy.

 

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