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Published 2 months ago

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

  • Hong Kong has lifted property cooling measures to revive the economy, leading to a rise in shares of developers.
  • The government has removed stamp duties on property transactions and plans to roll out support measures for the tourism industry.
  • Hong Kong's economy grew 3.2% in 2023, but faces challenges including a decline in housing prices and geopolitical tensions affecting the stock market.
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