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Ease of property rules lift China stocks

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real_estate February 22, 2012 (Chinavestor) Chinese stocks advanced in Asia following news that Shanghai, the financial hub of China, is considering easing property curbs to keep its economy from going bust. The Shanghai Composite Index (SHA:000001) advanced 22.2 points or 0.9% and is up fro the fourth day in a row. But investors remained cautious in Hong Kong due to Greece's ills. Despite an agreement of a second bail out, Fitch's downgrade of the country raises default risk. The Hang Seng Index (INDEXHANGSENG:.HSI) advanced a mere 70.6 points or 0.3% after a similar move a day before.

Most mainland Chinese shares advanced while Hong Kong shares lacked momentum on the HKEx on Wednesday. All but two components of the Xinhua China 25 Index advanced, an index measuring the performance of mainland Chinese stock listed in Hong Kong.

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