shares of chinese developer guangzhou rf properties co rose sharply on thursday after a report that the guangzhou government plans to ease some curbs on housing prices the stock rose as much as 13 in the morning and were last up 99 at 166 hong kong dollars us021 at the midday trading break that puts rf on track for its best oneday gain since march the upturn came after cls a stateowned financial news outlet on wednesday reported that guangzhou authorities are planning to allow developers more room to adjust their selling prices and offer more discounts the report cited unnamed sources but such a move could fuel more demand for homes in the southern chinese city the easing of restrictions would add to a series of local government policies in recent months aimed at shoring up the struggling property sector and stimulate a slowing economy amid covid19 outbreaks and restrictions on movements other developers headquartered outside of guangzhou also tracked higher country garden holdings co jumped 91 and longfor group holdings ltd gained 67