Hong Kong to cut home purchase tax by 50%

<p>Hong Kong will cut its home buying tax by half to 7.5%.</p><p>Info via local media.</p><p>—</p><p>Chinese mainland and Hong Kong stocks have been on a tear today due to stimulus announcements. </p><ul><li><a href="https://www.forexlive.com/news/icymi-china-will-issue-an-additional-1-trillion-yuan-137-bn-in-treasury-bonds-in-q4-20231024/" target="_blank" rel="follow" data-article-link="true">ICYMI – China will issue an additional 1 trillion yuan ($137 bn) in treasury bonds in Q4</a></li></ul><p>and China's sovereign wealth fund buying ETFs:</p><ul><li><a href="https://www.forexlive.com/news/icymi-chinas-sovereign-wealth-fund-bought-etfs-to-prop-up-puking-stock-market-20231023/" target="_blank" rel="follow" data-article-link="true">ICYMI – China's sovereign wealth fund bought ETFs to prop up puking stock market</a></li></ul><p>This news on the HK home tax will give property sectroi stocks another tailwind</p>

This article was written by Eamonn Sheridan at www.forexlive.com.