DBS Bank: Relaxation of mortgage ratio and debt ratio will help stabilize Hong Kong's real estate investment demand

The Zhitong Finance App learned that Ji Mo, chief Chinese scientist at DBS Bank (Hong Kong), said that the Hong Kong government's latest “Policy Address” has laid an important foundation for the Hong Kong economy to rebound in a cyclical environment of interest rate cuts. For the real estate market, easing the mortgage ratio and debt ratio will help stabilize investment demand. With the Hong Kong dollar weakening, large-scale events and optimized visa arrangements will also attract more visitors to Hong Kong. Looking at medium- to long-term development, Hong Kong will consolidate its position as an international financial center and trade hub.

She believes that the most important measure is to establish an international gold trading market and international gold storage facilities. To promote the internationalization of RMB, financial regulators will continue to enrich RMB denominated products and financing channels, such as deepening “connectivity,” RMB stock trading counters, and public offerings. In terms of trade, infrastructure is critical to Hong Kong's position as an international aviation hub. Relaxation of visa arrangements for foreigners will also help attract foreign companies to set up regional headquarters in Hong Kong.