Chinese property developers rise on report of proposal to relax homebuying curbs
** Shares of Chinese property developers rise following report of regulators working on proposal to relax homebuying curbs
** Chinese regulators are working on a proposal that would allow mega cities such as Shanghai and Beijing to relax restrictions for non-local buyers, Bloomberg News reported on Thursday
** Hong Kong shares of housing transaction platform operator KE Holdings 2423.HK surge 5.7% to HK$40; top pct gainer in Hang Seng Mainland Properties Index .HSMPI
** Its U.S.-listed shares BEKE.N jumped 8.4% on Thursday
** Yuexiu Property 0123.HK adds 0.5%, China Overseas Land 0688.HK rises 2.3% and Longfor Group 0960.HK gains 3.9%
** Hopson Development 0754.HK climbs 0.6%, China Resourcess Land 1109.HK rises 2.4%, China Vanke 2202.HK up 2.8%, Sunac 1918.HK jumps 4% and Midea Real Estate 3990.HK soars 9%
** CSI 300 Real Index .CSI000952 rises 1.3%, Hang Seng Mainland Properties Index .HSMPI jumps 2.5%, index tracking properties and construction stocks .HSCIPC rises 1.9%
Reporting by Donny Kwok
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