Longfor Group Holdings Limited (LGFRY)
| Previous Close | 15.74 |
| Open | 16.26 |
| Bid | 16.16 x 40000 |
| Ask | 16.30 x 40000 |
| Day's Range | 16.14 - 16.26 |
| 52 Week Range | 9.69 - 24.40 |
| Volume | |
| Avg. Volume | 14,204 |
| Market Cap | 10.931B |
| Beta (5Y Monthly) | 1.36 |
| PE Ratio (TTM) | 6.96 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.77 (4.91%) |
| Ex-Dividend Date | Jul 15, 2024 |
| 1y Target Est | N/A |
- Reuters
China stimulus draws investors back to offshore bonds of troubled property sector
Some Chinese and global institutional investors are revisiting Chinese property bonds, betting on an improvement in outlook as the government accelerates efforts to boost economic growth and revive a property sector in the throes of a debt crisis. Investors began returning after the announcement on Tuesday of the most aggressive stimulus measures since the pandemic, mostly targeting the property sector and triggering a rally in the offshore bonds of property developers. Credit investment specialist Beijing G Capital Private Fund Management Center placed orders worth "a few dozens of millions of yuan" to buy property bonds for the first time in several months, said its chairman, Li Gen.
- The Wall Street Journal
Chinese Stocks Jump After Top Leaders Vow Further Support for Economy
First it was the central bank. Now China's top political leaders are pledging to shore up the country's moribund economy and, in particular, its battered property sector. Here's how markets reacted to the Politburo's intervention: + In New York, the Nasdaq Golden Dragon Index jumped nearly 10%.
