The Chinese Communist Party's central political committee has allowed local civic authorities to tweak real estate policies based on domestic realities

The move is aimed at helping companies better manage their debts and protect investors' interests, the National Association of Financial Market Institutional Investors said

Struggling developer, which has $300 billion in liabilities, is offering special discounts with a target of 1-billion yuan in sales in upcoming holiday break

The Hang Seng Mainland Properties Index rose 3%, versus a 0.3% loss for the main Hang Seng Index

Outlook for China's developers appears bleak amid looming debt maturities. falling home sales and uncertainty over a proposed property tax