Ma Tai-Yeung: Funds Picking the Best to Devour Support Hong Kong Property Market
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On 7 November 2026, Ming Pao's Daily Economic published a commentary by Ma Tai-Yeung. He noted that Hong Kong's economy grew 5.2 per cent in the third quarter, better than expected; Goldman Sachs raised its forecast for Hong Kong's economic growth this year from 4.2 per cent to 5 per cent, reflecting foreign investors casting a vote of confidence in the city's economic prospects. He believes that after the US midterm elections the global political and economic atmosphere improved, and together with the central government's "national team" stepping up efforts and the effectiveness of the People's Bank of China's market-support strategy, mainland and Hong Kong financial markets have rallied for consecutive days; the wealth effect of the stock market recovery is expected to gradually transmit to the physical property market. He uses this to explain that funds are "picking the best to devour", supporting the property market's fundamentals.
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- 明報·每日經濟Ma Tai-yeung: Capital 'Picks the Best to Devour', Underpinning Housing Market Fundamentals
Ma Tai-yeung notes that Hong Kong's 5.2 per cent economic growth in the third quarter beat expectations, and that Goldman Sachs has raised its forecast for this year's economic growth from 4.2 per cent to 5 per cent, reflecting foreign investors' vote of confidence in the city's economic outlook. He believes that the improved global political and economic atmosphere after the US midterm elections, together with the efforts of the central government's 'national team' and the effectiveness of the People's Bank of China's market-support strategy, have driven a rebound in mainland and Hong Kong financial markets over consecutive days, and that the wealth effect of the stock market recovery is expected to gradually transmit to the physical property market.
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