Hong Kong to cut home purchase tax by 50%

Hong Kong will cut its home buying tax by half to 7.5%.

Info via local media.

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Chinese mainland and Hong Kong stocks have been on a tear today due to stimulus announcements.

• ICYMI – China will issue an additional 1 trillion yuan ($137 bn) in treasury bonds in Q4

and China’s sovereign wealth fund buying ETFs:

• ICYMI – China’s sovereign wealth fund bought ETFs to prop up puking stock market

This news on the HK home tax will give property sectroi stocks another tailwind

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