Chinese Property Stocks Jump on Unverified Reports of State Aid

A gauge of Chinese property shares jumped the most in nearly nine months, fueled by speculation a high-level meeting will be held next week to help revive the struggling sector.

A Bloomberg Intelligence index of the nation’s real estate stocks surged as much as 11%, with Logan Group Co. rising as much as 85% in Hong Kong, and Sino-Ocean Group Holding Ltd. climbing by 37%.