chinese property stocks surged on friday after the peoples bank of china vowed to pledge more financial resources to support the private economy hong konglisted shares of real estate developers like country garden holdings  longfor group holdings and china resources land were some of the top gainers on the hang seng index longfor gained as much as 819 and country garden holdings surged 62 before paring some gains the broader hang seng mainland properties index rose as much as 476 but later moderated its gains the pboc meeting on thursday was attended by representatives of eight companies including longfor and country garden the central bank said in a statement other attendees included diary giant yili group aluminum products manufacturer china hongqiao group and electrical components manufacturer chint group  at the symposium pboc governor pan gongsheng said the central bank will promote the expansion of private business bond financing support instruments and strengthen the financial market to support their development this is the latest move by the central government to boost market confidence and vow support for private businesses and the real estate sector amid signs of slowing growth this is the latest move by the central government to boost market confidence and vow support for private businesses and the real estate sector amid signs of slowing growth at the politburo meeting on july 24 the top leadership promised to adjust and optimize policies to boost the beleaguered property sector as well as introduce measures to promote private investment separately chinas state planner the national development and reform commission also released a 17point statement and pledged to encourage more private capital into the construction of major national projects days before the government and the communist party issued a rare joint pledge vowing to treat private companies the same as stateowned enterprises and ensure fair treatment in areas like intellectual property financing and labor supply