guangzhou rf properties co shares logged their highest intraday jump in a week early on tuesday after it secured an 800 billion hong kong dollar us103 billion financial commitment from key shareholders the stock climbed as much as 13 in the morning to hk484 before giving up some of the gains amid broadbased weak sentiment in the chinese property sector guangzhou rf properties had said late monday that it expects to receive hk240 billion of the funding which is being provided by two of its executive directors on tuesday the rest of the money will be provided within the next two months the financial support will assuage any liquidity fears around guangzhou rf and help the company address its shortterm debt obligations the developer said it expects its financial profile to improve further by the end of the year that should provide some relief for investors after china evergrande group guangzhou rf likely has one of the highest netgearing ratios according to data from broker cgscimb evergrandes 2020 net gearing was 153 while guangzhou rfs was 130 the data showed guangzhou rf is weighed by its weak access to offshore bond markets fitch ratings said it may be challenging for the company to issue or extend puttable onshore bonds and offshore bonds under current market conditions fitch said even after the tuesday morning rally guangzhou rf properties stock is still down by 55 in the year to date in line with broader losses from other hong konglisted developers sinic holdings group co for example slid 88 on monday before trading of its shares was halted guangzhou rf shares are last trading 44 higher at hk448