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Hong Kong lifts curbs on property market, to spend more on tourism

Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory's woes. Finance minister Paul Chan announced the move in a speech presenting the territory’s budget, which also raised spending on tourism promotion. Meanwhile, Hong Kong’s tourism has not fully rebounded after it reopened to foreign travelers following the COVID-19 pandemic.
Hong Kong United Kingdom Paul Chan World Development Sun Hung Kai Properties New World Development
Source: yahoo.com

Chinese President Xi Jinping Grappling With $7 Trillion Downturn As Country's Debt Levels Soar, Real Estate Collapses And Markets Pull Back Over 21% From 2021 Highs

As China grapples with the fallout from a $7 trillion stock decline, officials are gearing up to brief President Xi Jinping on measures to stabilize the market. This move signifies Beijing’s urgency to restore investor confidence and halt the market’s slide, which has erased a significant value from Hong Kong and China equities since their 2021 peaks. The Shanghai Composite Index, for example, is down over 21% from its high in December 2021. The downturn has been attributed to a va...
Hong Kong Los Angeles National Financial Regulatory Administration President Xi Jinping Shanghai Composite Index Lunar New Year
Source: yahoo.com

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