HONG KONG, July 11 Reuters Shares of Chinese property developers rose on Tuesday after regulators extended some policies in a rescue package introduced in November to shore up liquidity in the embattled sector.

Analysts said while the extended policy could ease the shortterm financial pressure on property developers and ensure their home project completions, new measures would be needed to tackle the cash crunch in the sector.

The sector has been hit by many company defaults amid a debt crisis since mid2021, triggered by nonrepayments of China Evergrande Group, the world39;s most indebted property developer.

The central bank on Monday said it would give developers an extra 12 months to repay loans due this year, with many private firms still struggling to access new capital despite policymakers39; aggressive support measures.

Markets expect more stimulus to be rolled out soon.

By 0316 GMT, Hong Kong39;s Hang Seng Mainland Properties Index gained 1.8, while China39;s CSI 300 Real Estate Index edged up 0.1.

Sunac China, Logan Group and KWG Group listed in Hong Kong were among the top gainers, rising 45.

Last November, the People39;s Bank of China PBOC put in place 16 measures to support the cashstrapped sector, including loan repayment extensions, to ease a deepening liquidity crisis.

On Monday, the PBOC said it would allow loans due this year to be repaid before the end of 2024.

Separately, it said the risk classifications of loans issued to support the delivery…