China Moves to Give State Firms More Power: Evergrande Update.

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL TOP US WORLD WWTOP WWTOPAM WWTOPAS (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shares of real estate firms rebounded in afternoon trade, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19%. [Extracted from the article]