Hong Kong stays confident, but is the foundation solid?

Article Abstract:

The people's confidence in the future of Hong Kong is strong as shown by the recent recovery of the property market. However, the improvements in the Hong Kong stock exchange may be misleading. The Hang Seng index rose 3.6% and the property market showed signs of recovery at the close of 1996. However, the Hong Kong market is still vulnerable to fluctuations in the exchange rate between Hong Kong and U.S. dollars.

Securities and Commodity Exchanges, Security and commodity exchanges, Misc Stock Exchanges, Analysis, Stock-exchange, Stock exchanges, Financial markets, Hang Seng Index (Index)

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Recent real-estate deals point to recovery in colony

Article Abstract:

Observers believe that the Hong Kong real estate sector is finally recovering from its long-standing downturn in view of substantial home-buying activity in the past two weeks. Demand continues to grow strong, with buyers outnumbering the available residential units being put up on the market. Analysts attribute the development to recent indications that the US interest rate cycle is reaching its peak.

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Monetary Authority chief tries to spread his clout

Article Abstract:

Hong Kong's Monetary Authority chief Joseph Yam, tasked with managing the territory currency's link with the US dollar, plans to put up Mortgage Corp. The new company will buy homes and sell them to long-term investors as securities, allowing banks to raise funds faster to meet the rising demand for home ownership in the territory.

Administration of Housing Programs, Mortgage Financing & Insurance, Planning, Economic policy, Mortgages, Hong Kong. Monetary Authority, Refinancing, Yam, Joseph, Mortgage Corp. (Hong Kong)

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