The Hong Kong government is reviewing public service charges and user-pays fees to raise revenue and reduce long-term infrastructure investment. This is in response to a larger-than-expected deficit of over HK$110 billion in the 2023-24 fiscal year, caused by heavy pandemic-related spending. In addition of a sluggish property market, revenue from stamp duty, land sales, and share transactions fell short of estimates at the beginning of the year.
The S&P 500 index has undergone a revised forecast due to the ongoing year-end rally and evolving market dynamics. In this article, we will explore the reasons behind the revision and its potential implications for investors.
The S&P 500 index has undergone a revised forecast due to the ongoing year-end rally and evolving market dynamics. In this article, we will explore the reasons behind the revision and its potential implications for investors.