Guangzhou-based Evergrande Real Estate Group rose 16%, one of many developers that outpaced a 5.6% gain in Hong Kong's Hang Seng Index.

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Guangzhou is owned by Xu Jiayin, chairman of the Evergrande Real Estate Group, while Shanghai's chairman Zhu Jun heads online gaming company The Nine City.

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Hong Kong-listed Evergrande Real Estate Group surged 5.8 percent.

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Evergrande Real Estate Group Ltd.

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