In his fourth policy address, John Lee Yam, the chief executive of the Hong Kong Special Administrative Region, has proposed a series of measures focusing on the economy and people’s livelihood. The most high-profile reform initiatives in this policy address focus on three areas: accelerating the development of the northern metropolitan area, establishing a development committee led by the Chief Executive, and building financial markets, exploring the establishment of an international gold market and a T + 1 equity settlement cycle; and, on the housing policy front, increasing the supply of public housing and lowering the threshold for residential properties under the investor admission scheme from HK $50 million to HK $30 million.
Hang Seng Technology Index, Wind
In the secondary market, the Hang Seng Technology Index Rose 41.77% and the Hang Seng Index 34.14% year-on-year, hitting new highs for the year, as of the close on September 17. Some analysts said that after the US Federal Reserve cut interest rates, global liquidity was strengthened, Hong Kong stock liquidity is expected to improve, Hong Kong stock connect continued to net inflow of Hong Kong stocks, much higher than the level of the same period in previous years, accelerating the distribution of funds.
However, some experts pointed out that with the approach of the US Federal Reserve’s interest rate cut, the Hong Kong stock market is facing a rare development opportunity, and Chinese assets are expected to explode again. Investors should also grasp the market rhythm and allocate assets in a rational manner, to get a better return on investment. At the same time, it should be noted that there are still some uncertainties in the market, such as the pace of the global economic recovery, geopolitical and other factors may have an impact on the market, investors need to be cautious and risk management.