On June 13th, Gelunhui | Fangdd Network (DUO.US) rose by 37% in pre-market trading, the best performing stock among Chinese concept stocks. The stock had previously surged by over 321% due to the central bank's introduction of three real estate financial policies to stabilize the real estate market. It is reported that the central bank recently held a meeting to promote the work of re-loans for affordable housing to speed up the destocking of inventory of existing commodity real estate, and help with the delivery of completed houses and the "white list" mechanism.
美股异动丨房多多盘前飙涨37% 央行召开会议加快推动存量商品房去库存
U.S. stocks fluctuate | Fangdd Network surges 37% before market opening. The central bank holds a meeting to accelerate the de-stocking of commodity housing.
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