(Bloomberg) -- China's stocks rose to a record for a second day. Property stocks such as China Vanke Co. gained after Great Wall Securities Co. said real estate companies are expected to report fast earnings growth this year.
``Some money that has been pulled out of the stock market has moved into real estate, which means better earnings for property developers,'' said Wang Zheng who manages the equivalent of 500 million at China Everbright Asset Management Co. in Shanghai. ``Therefore we are still bullish on property stocks at a time other stocks may be at risk.''
Read more at Bloomberg Stocks News
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