Hong Kong to cut home purchase tax by 50%

Hong Kong will cut its home buying tax by half to 7.5%.

Info via local media.

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Chinese mainland and Hong Kong stocks have been on a tear today due to stimulus announcements.

• ICYMI - China will issue an additional 1 trillion yuan ($137 bn) in treasury bonds in Q4

and China's sovereign wealth fund buying ETFs:

• ICYMI - China's sovereign wealth fund bought ETFs to prop up puking stock market

This news on the HK home tax will give property sectroi stocks another tailwind