Hong Kong stocks rise slightly as investors weigh China stimulus hopes, industrial profits

Quick Summary:

Goldman Sachs analyst: We expect more fiscal easing and believe it holds the key for the effectiveness of the ongoing stimulus package’.

In a baseline scenario, China may raise the official fiscal deficit ratio to 3.6 per cent in 2025 from 3 per cent this year, and fiscal expansion could be more aggressive should the likelihood of higher tariffs on Chinese goods increase after the US election result, it said.

Mainland China’s stock benchmarks also finished higher.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Official Kong China’s Hang Cent Hong Fiscal Higher Index Investors Stimulus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 10:28:06 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23347707

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