News Snapshot:
In response to media rumors that it would consider eliminating the additional stamp tax that mainland Chinese buyers of real estate in Hong Kong must pay, the city’s administration said on Tuesday that it has no plans to slacken the city’s real estate laws. The Financial Secretary’s Office released a statement in which a spokesman said, “(The government) explicitly indicates that there are no related plans.) Regina Ip, convenor of the government’s advisory Executive Council told Bloomberg TV on Tuesday morning Hong Kong may consider waiving extra stamp duty on homes for mainland Chinese buyers as a way to shore...
