{"id":158610,"date":"2025-09-21T10:41:10","date_gmt":"2025-09-21T10:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/158610\/"},"modified":"2025-09-21T10:41:10","modified_gmt":"2025-09-21T10:41:10","slug":"hong-kongs-paul-chan-banks-on-better-market-sentiment-as-retail-sector-stabilises","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/158610\/","title":{"rendered":"Hong Kong\u2019s Paul Chan banks on better market sentiment as retail sector stabilises"},"content":{"rendered":"

Hong Kong\u2019s finance chief has anticipated improving market sentiment<\/a> after downward trends in the retail, catering and property sectors showed signs of stabilising, with the prospect of an interest rate cut cycle emerging.Financial Secretary Paul Chan Mo-po<\/a> said on Sunday that authorities had been paying attention to the slow recovery of the retail and catering industries, even as the stock market remained robust, noting that their declining sales figures had stabilised over the past three to four months.<\/p>\n

The minister added that property prices had also stabilised, prompting more applications for land premium payments and construction projects recently. He noted that the recent positive sales of new homes had absorbed part of the stock of unsold completed flats.<\/p>\n

\u201cBesides, the rate cut has begun. When people see a clearer prospect of the rate cut cycle and feel confident, the lived-in home market will be revitalised. The market sentiment will improve,\u201d Chan told a radio show.<\/p>\n

\u201cUnder such circumstances, when people feel more confident, they are more willing to spend.\u201d<\/p>\n

The Hong Kong Monetary Authority (HKMA)<\/a> reduced the base rate by a quarter point to 4.5 per cent on Thursday, matching the US Federal Reserve\u2019s cut hours earlier to its target rate.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong\u2019s finance chief has anticipated improving market sentiment after downward trends in the retail, catering and property…\n","protected":false},"author":2,"featured_media":158611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,105542,105541,11758,105545,36029,10340,105543,105538,105539,105540,171,44,96427,19604,49446,5216,15216,105544],"class_list":["post-158610","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-catering-sector","tag-chan","tag-construction","tag-development-bureau","tag-financial-secretary-paul-chan-mo-po","tag-hong-kong","tag-hong-kong-monetary-authority","tag-lantau-island","tag-lived-in-home-market","tag-market-sentiments","tag-markets","tag-news","tag-policy-address","tag-property-prices","tag-rate-cut","tag-retail","tag-scmp","tag-small-and-medium-sized-enterprises"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/158610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=158610"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/158610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/158611"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=158610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=158610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=158610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}