Property News · November 1, 2016

Hong Kong’s office, housing markets in wait’n see mode after Beijing taps shut key channel of capital outflows


The decision by UnionPay to ban customers from using its service to buy investment-related insurance policies in Hong Kong could crimp the demand for office space and housing in the city, according to analysts.
“Given that insurance is one of the very few subsectors that have been growing steadily over the past few years within the finance, insurance, real estate and business services, we believe [UnionPay’s move] will have a negative impact on the office market in which insurance…

Source : South China Morning Post
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