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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
The view of the Victoria Harbor in Hong Kong Special Administrative Region (HKSAR), February 18, 2024. /CFP
Hong Kong's economy is improving with a stable financial situation, a positive market outlook and an upbeat stock market, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Paul Chan said Sunday.
Global market sentiment has improved recently, with the benchmark Hang Seng Index exceeding 19,000 points to a nine-month high. Market turnover has also increased significantly, Chan said in a blog post.
Property market transactions have also increased and housing prices have stabilized after a 10-month losing streak, showing that government policies aimed at lifting property curbs are taking effect, Chan said.
He cited the latest Standard & Poor's rating for Hong Kong, which showed a stable outlook for the city amid a steady economic recovery, a stable property market and a trend for a more balanced fiscal situation.
While different sectors still saw uneven recovery, Chan said that the HKSAR government will create more favorable conditions to prop consumption and cultivate new growth drivers.