Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
UBS: HK Govt Increasing Bond Issuance Effective Means; Stamp Duty Relaxation Conducive to Developers; Home Prices Expected to Stabilize This Yr
Recommend 2 Positive 4 Negative 1 |
||||
|
||||
|
It was originally expected that the Hong Kong government would break even in 2026, but there is still a lot of public expenditure in the new Budget, William Deng, Senior Economist of Asia and China at UBS Investment Bank, said. Deng now expected that the Hong Kong government will record a fiscal surplus only after 2028-2029. The market is concerned about the sustainability of Hong Kong's finances. Deng added that, compared to other Asian economies, Hong Kong still has a fiscal surplus and is in a relatively healthy condition. Moreover, Hong Kong's Debt-to-GDP ratio is at a low level compared to other Asian economies, with mild burden. Deng believed that increasing the issuance of bonds to support infrastructure will be an effective means. For stocks, Angus Chan, UBS Hong Kong Strategist, said that the extension of the $100 property stamp duty to properties valued at $4 million or less will benefit Hong Kong's homebuilders. Chan added Hong Kong is affected by external factors, and expected property prices to be stable this year. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
