The Zhitong Finance App learned that the Associated Press Group (01200) rose by more than 12% and surged 50% in 2 trading days. As of press release, it had risen 12.64% to HK$0.98, with a turnover of HK$6.41 million.

According to the news, on February 28, Hong Kong's 2024/25 budget was announced, and the Hong Kong Financial Secretary announced a complete “elimination” of the property market. From now on, all residential property demand management measures will be abolished, meaning that all residential property transactions will no longer be required to pay additional stamp duty (SSD), buyer's stamp duty (BSD), and the new residential stamp duty (NRSD), and the HKMA is simultaneously adjusting mortgage measures and suspending stress tests. In other words, the property market has re-entered the “zero trick” era.

Hong Kong Real Estate Chief Executive Dave Ma (Dave Ma) believes that a comprehensive “withdrawal” will help stabilize the market's confidence in the property market, release more short-term supply, and accelerate the recovery of property transactions. The property market is expected to return to “Yang Chun” in March. It is estimated that the sales volume of new properties in 2024 will be around 13,000, up about 24% from last year; the number of second-hand housing registrations is expected to rise by more than 30% to 48,000 units.