Opinion: Why the HKMA's property curbs deserve praise
One week ago the city’s government made a bold move to curb property speculation in the special administrative region. These measures are designed to prevent the flush of liquidity pouring into the country, something that is to be commended following the advent of QE2.
On November 19 the Hong Kong Monetary Authority (HKMA) introduced its fifth series of measures aimed at curbing speculation in the special administrative region’s (SAR) property market since 2009.
But this set of measures was different to the previous rounds in one crucial aspect: their scale.
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