China property bets roiled by deleted post on 'all out' support

The news sent more than 20 Chinese property and construction stocks jumping by the 10% daily limit on Tuesday.

For investors accustomed to carefully calibrated official messaging on the Chinese property market, the statement from Heilongjiang’s government was remarkable: It called for “all-out efforts” to promote the real estate industry’s growth, by far the strongest show of support for the embattled sector by a provincial-level authority.

Then, not long after screenshots of the statement began pinging across trading desks on Tuesday, it quietly disappeared from Heilongjiang’s WeChat account and government website.

The episode has triggered a fresh bout of speculation over the fate of China’s property sector, which has been reeling for months from a government crackdown on highly leveraged