
Pro-business parties and politicians have urged the Hong Kong government to scrap all property cooling measures and refrain from introducing any new taxes in their recommendations to the finance chief ahead of his budget address next month.
Lo Man-tuen, a former vice-chairman of the All-China Federation of Returned Overseas Chinese, on Monday said dropping the “outdated” measures would boost the economy and ease residents’ anxiety, noting the recent poor performance of both the property and stock markets.