Hong Kong's economy is improving, with a stable financial situation, a positive market outlook, and an upbeat stock market, said Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Sunday.
Global market sentiment has recently improved, with the benchmark Hang Seng Index exceeding 19,000 points to a nine-month high. Market turnover has also increased significantly, Chan reported in a blog post.
Property market transactions have risen, and housing prices have stabilized after a 10-month decline, indicating that government policies aimed at lifting property curbs are effective, Chan added.
He highlighted the latest Standard & Poor's rating for Hong Kong, showing a stable outlook amid steady economic recovery, a stable property market, and a trend towards a more balanced fiscal situation.
While different sectors still experience uneven recovery, Chan assured that the HKSAR government will continue to create favorable conditions to boost consumption and cultivate new growth drivers.
Reference(s):
cgtn.com
