China's property stocks jumped after the People's Bank of China and the Ministry of Finance announced new measures to boost liquidity for developers. The measures will allow banks to issue loans using operating commercial properties as collateral, valid through the end of 2024. China's property crisis is estimated to take 4-6 years to fully resolve as developers complete unfinished residential projects. Slumping real estate has weighed on China's economy as the sector faces serious debt problems and bankruptcies.