#China property stocks rallied hard in the last hour of trading in HK as there r rumors saying M&A loans will not be included in the “three red lines” restriction. This will allow healthy companies to buy asset from distressed companies and save the mkt from the default concern. 
In addition, some of the largest property developers reportedly attended a meeting organized by China's inter-bank bond market regulator - NAFMII yesterday and plans to issue debt in the inter-bank market, fueling expectations of policy loosening on real estate borrowing.
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