She's teaching Pelosi an old school lesson on how to take care of your investments..
LOL Regina claiming this policy would reverse a brain drain. How bloody stupid.
Shares of developers rallied on the news, with New World Development at one point gaining 6 percent and Sun Hung Kai Properties, Henderson Land and CK Asset each going up by more than 3 percent.
But the rally fizzled after the office of Financial Secretary Paul Chan Mo-po threw cold water on Ip's comments saying there was no plan to reduce property taxes.
Ip's comments left the market slightly dazed and confused.https://www.thestandard.com.hk/secti...ion/17/244468/Conspiracy theorists will say, without much ground, that Ip was acting in her own interest to further her ambitions and popularity among the city's residents and our neighbors across the border.
Stamp duties were introduced to cool down Hong Kong's overheating property market and their removal would obviously have an impact on the stock prices and the property market.
Well that would be in line with the future and inevitable complete assimilation of HK into China
The property market doesn't need any stimulus. It needs substantial price reductions!
A prime example of "Markets can stay irrational longer than you can stay solvent"Original Post Deleted