Streetbeat News

CAOYF

China Aoyuan Group Limited

http://www.aoyuan.com.cn

CEO

Zi Ning Guo

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Citigroup has raised its growth forecast for China to 5% for 2023, citing improved retail sales and industrial production. This news, along with the approved restructuring of Sunac China Holdings Limited's debt, lifted Hong Kong stocks. However, most stocks failed to hold onto the gains. Alibaba and Trip.com rose in the morning session but ended around 0.5% lower. JD Logistics Inc. ended the day 0.7% higher, while Sunac's shares ended the day 6.3% higher. China Aoyuan Group Limited and China Evergrande Group Limited declined by 2.2% and 11%, respectively.

Portfolio Pulse from Daniel Harrison

October 05, 2023 | 5:08 pm

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