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<Research>UBS: Implementation of 'Property Purchase Capital Connect' To Positively Impact HK Property Mkt w/ Positive Outlook on HENDERSON LAND/ SINO LAND/ SHK PPT/ KERRY PPT
Recommend 10 Positive 20 Negative 7 |
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Financial Secretary Paul Chan recently announced that the Hong Kong government is working with Chinese authorities to explore easing restrictions on Chinese talent allocating funds to purchase home in Hong Kong, UBS released a research report saying. Meanwhile, the Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) proposed a launch of a 'Property Purchase Capital Connect' scheme similar to the Stock Connect. If implemented, the scheme could have a positive impact on the Hong Kong real estate sector, the broker noted. China's capital controls have long been an obstacle for mainland buyers, and increased demand from these buyers could help alleviate pressure on property prices and inventory. However, any policy updates could unleash local demand that has been suppressed by US interest rate hikes. UBS maintained a positive outlook on certain Hong Kong developers, including HENDERSON LAND (00012.HK), SINO LAND (00083.HK), SHK PPT (00016.HK) and KERRY PPT (00683.HK). AASTOCKS Financial News Website: www.aastocks.com |
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