Trump tariffs will prolong high interest rates, Hong Kong’s Paul Chan warns

Trump tariffs will prolong high interest rates, Hong Kong’s Paul Chan warns

America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief warned on Sunday. Financial Secretary Paul Chan Mo-po also said city authorities were considering adjusting a HK$2 (26 US cents) concessionary fare…

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Hong Kong’s Paul Chan warns Trump tariffs will prolong high interest rates

Hong Kong’s Paul Chan warns Trump tariffs will prolong high interest rates

America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief has warned. Financial Secretary Paul Chan Mo-po also said on Sunday that city authorities were considering adjusting a HK$2 (26 US cents)…

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Hong Kong’s easing of mortgage restrictions aims to return market to ‘normality’: Paul Chan

Hong Kong’s easing of mortgage restrictions aims to return market to ‘normality’: Paul Chan

Hong Kong’s surprise move to ease mortgage restrictions aims to restore “normality” in the sluggish property market and bolster investor confidence, the finance minister has said. Financial Secretary Paul Chan Mo-po also said on Friday that relaxing rules for a cash-for-residency scheme, which will now cover investments in luxury homes, would lure more applicants without…

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