Hong Kong’s benchmark Hang Seng Index surged more than 7% in April as the best-performing major index in the world. It’s now heading into a bull market, rebounding nearly 20% from its January low.
Earlier this month, news outlet Caixin reported that Beijing is learning from Japan’s experience of decades of stagnation and is considering launching a national platform to acquire unfinished housing projects across the country. These projects would then be turned into affordable housing and the units would be sold or rented out. “ is largely consistent with what we have long believed would be the most effective way to rescue the property sector,” said Nomura analysts on Monday.
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