"Beijing's Liquidity Boost Sparks Surge in China Property Stocks"

China's property stocks surged after the central bank announced measures to increase liquidity for developers, easing a cash crunch caused by Beijing's crackdown on the sector's debt. The move led to a 5.2% jump in the CSI property index and a 1.8% rise in the broader CSI 300, with Hong Kong-listed Country Garden, Logan Group, and Longfor Group also seeing significant gains. The measures, valid until the end of 2024, allow banks to issue loans to commercial real estate firms with operational properties as collateral. The property crisis is expected to persist for years, impacting the country's economic growth and financial stability.