Page 42 - World Development News Today

The Hong Kong stock market on Tuesday ended the two-day slide in which it had slumped more than 100 points or 0.6 percent. The Hang Seng Index now sits just above the 16,790-point plateau although it may hand back some of those gains on Wednesday.

(Bloomberg) -- Hong Kong’s government is removing cooling measures on housing to boost the lackluster market and will provide additional funds to support tourism as part of a sweeping plan to revive growth in the financial hub. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzl...

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’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory’s woes.

By Jiahui Huang Hong Kong has removed several housing-market curbs that have been in place for over a decade as it bids to revitalize the sector, part of efforts to cement a broader recovery...

Property agents say they expect sales to increase as a result of the end of curbs.

Finance minister said curbs imposed earlier to cool the property market would be lifted with immediate effect

Finance minister said curbs imposed earlier to cool the property market would be lifted with immediate effect

The Hong Kong stock market has moved higher in three straight sessions, accelerating almost 600 points or 3.6 percent along the way. The Hang Seng Index now sits just beneath the 16,750-point plateau and it's tipped to open in the green again on Friday.

The Hong Kong stock market has moved higher in two straight sessions, accelerating almost 350 points or 2.1 percent along the way. The Hang Seng Index now sits just above the 16,500-point plateau although it's likely to run out of steam on Thursday.