Shares of property developers staged a broad rally on Wednesday, with the sector rising 1.28 percent on average. Up to 85 stocks rose, four were unchanged and 15 fell, according to China Economic Network's calculations.
As of March 8, as many as 52 Chinese cities have announced a range of home market measures. And their numbers are growing. All of them are intent on achieving a singular goal: to stabilize the local-level property market.
China continued to see a generally stable housing market in February, with home prices in 70 major cities showing slight month-on-month increases, official data showed Wednesday.
China's property sector may slightly recover from the downturn due to easing policies while debt pressure remains, experts said.
The real estate industry remains the largest sector, with 56 companies taking positions on the list this year. Total revenue reached 5.3 trillion yuan and grew 13.5 percent year-on-year.