Tax & Spend
Hong Kong Budget Expected to Ease Property Curbs, Boost Tourism
- Finance secretary says he wants to be ‘focused and effective’
- Analysts eye potential measures to help real estate sector
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Hong Kong Financial Secretary Paul Chan will look this week to cement the city’s tentative economic recovery and burnish its image as a global financial center while reining in the fiscal deficit.
Chan is expected to ease curbs on property transactions and announce moves to lift tourism and attract investment inflows into local capital markets when he unveils the city’s budget Wednesday, according to analysts and economists. They see cash handouts as unlikely this year, citing budget constraints.