More policies set to back property sector

China is expected to roll out more policies to support the financing of real estate developers while improving the effects of policy implementation, amid increased efforts to improve their liquidity, thereby boosting the healthy development of the real estate industry, experts said on Wednesday.

They made the remarks as the share prices of Chinese property developer China Vanke Co declined 3.1 percent on the Shenzhen bourse and 3.49 percent on the Hong Kong bourse at the close of trading on Wednesday.

The slump in Vanke's stocks came after rating agency Moody's Ratings on Monday downgraded the developer's credit rating from Baa3 to Ba1, junk territory.