In Hong Kong, two big stories have come out!

券商中國 · Apr 10 22:16

来源：券商中国
作者：陈铭

今日，香港传出两则重大消息!

一个是，《2024年印花税(修订)条例草案》今日在香港特区立法会获三读通过，香港住宅物业交易无须再缴付额外印花税、买家印花税及新住宅印花税。

另外一个跟股市相关。彭博社援引消息人士的话称，香港特区政府考虑新的税收规定，对包括私募信贷和基础设施在内的另类投资提供更优惠的待遇。规则草案预计最早本月提出。受上述消息刺激，今日港股市场大涨，$恒生指数 (800000.HK)$收涨1.85%站上17000点关口。

香港楼市全面“撤辣”

据中央广播电视总台大湾区之声消息，4月10日，《2024年印花税(修订)条例草案》在香港特区立法会获三读通过，香港住宅物业交易无须再缴付额外印花税、买家印花税及新住宅印花税。

今年2月28日，中国香港特区政府财政司司长陈茂波表示，2023年，香港住宅物业市场方面，在息口上升及外围环境充满不确定性的情况下，市场气氛自去年年中起十分审慎。楼价全年下跌7%，交投量缩减5%至约4.3万宗的低水平。非住宅物业市场大致如此。

陈茂波说，一直在密切留意住宅物业市场的情况，经审慎考虑当前的整体情况后，特区政府决定即日起撤销所有住宅物业需求管理措施，即由2月28日起所有住宅物业交易无须再缴付额外印花税、买家印花税和新住宅印花税。此举意味着，香港楼市时隔14年再次进入“零辣招”时代。

“辣招”指的是，香港为打击房地产炒作行为，抑制房价过快上涨而推出的一系列政策措施的俗称。2010年以来，香港陆续推出了多项楼市“辣招”，不过，随着楼市降温，2023年10月，香港就曾局部调整“辣招”，将额外印花税的适用年期由3年缩短至2年、买家印花税和新住宅印花税的税率减半，此外，还为外来人才置业提供印花税“先免后征”的安排。

此次“撤辣”之后，香港当地人在港买房的印花税税率将从7.5%减少至1.5%，税费减少约八成。同时将大幅度减免内地人赴港购房的税费，内地购房者在港购房，印花税由15%减至4.25%，最低税费仅100港元。以购买一套总价1000万港元的房子为例，此前内地购房者至少要交300万港元的税，伴随着全面“撤辣”之后直接省了300万港元。

同样是在2月28日，中国香港金管局上调了住宅物业按揭成数和物业发展项目融资比率上限。当天，香港金管局向银行发出指引，修订适用于物业按揭贷款的逆周期宏观审慎监管措施及其他相关监管要求。

其中，价值3000万港元或以下的自用住宅物业的按揭成数上限调整至七成;价值3500万港元或以上的自用住宅物业的按揭成数上限调整至六成。为了避免适用按揭成数出现骤降情况，价值3000万至3500万港元之间的物业的按揭比率会以渐进形式递减。此外，非自用住宅物业的按揭成数上限由五成调升至六成。

非住宅物业(包括写字楼、商铺及工厦等)的按揭成数上限由六成提升至七成。以“资产水平”为审批基础的物业按揭贷款的按揭成数上限由五成提升至六成，此项修订适用于住宅和非住宅物业。

新房成交急速放量

香港楼市“撤辣”的效果，可谓立竿见影。

美联物业监测数据显示，得益于此前政策端的利好，香港3月新房成交按月升逾14倍至4200宗，创1998年后单月新高，十大二手屋苑(私人小区住宅)交投按月升约2.6倍至359宗。“撤辣”之后，美联深圳的客户对于香港物业的咨询量大幅上升50倍，同时带看量也显著上升超20倍。

另外，截至3月28日，“撤辣”刚好满月，根据中原地产统计，在2月28日至3月26日期间，全港多达115个新盘录得成交，合计录得约3799宗买卖，总成交金额高达381.38亿元，与“撤辣”前一个月(1月28日至2月27日)的229宗及39.2亿元比较，按月上升15.6倍及8.7倍。值得留意的是，“撤辣”后有多达11个楼盘录得过百宗买卖。据报道，有人一次买走24套房，涉逾1.66亿港元，为新盘逾6年来最大宗扫货。

值得关注的是，总价3000万港元以上豪宅成交大升6倍。据中原地产统计，“撤辣”后香港录得159宗楼价3000万港元以上一手大额成交，较“撤辣”前一个月仅22宗，急升6倍，成交主要集中新晋豪宅地段的启德跑道区，天玺·海占25宗最多，其次是$华润置地 (01109.HK)$(海外)及$保利置业集团 (00119.HK)$合作的澐璟，占22宗。

同时，“撤辣”后新盘过亿成交也有11宗，最贵的为嘉里(683)旗下笔架山缇外一幢万呎院墅，实用面积为11589方呎，附设花园面积为15397方呎，连带有两个停车位的车库。该物业成交价高达10亿港元，再度打破历年九龙区一手豪宅成交价纪录，呎价86289港元，创下九龙区豪宅洋房呎价历史新高。

二手交投也大幅反弹。据中原地产最新数据，整个3月份，中原住宅部促成逾1400宗二手买卖，按月升近两倍，创逾两年半新高，是去年3月以来首次重上1000宗水平。以中原地产在香港二手市场的占有率超过三成计算，粗略估计3月份全港录得近5000宗二手成交，为2021年7月录得5088宗二手登记后的最高。

二手房价格也有上涨，3月份，中原地产统计的10大屋苑中，有7个屋苑楼价录得升幅。中原地产亚太区副主席兼住宅部总裁陈永杰表示，虽然“撤辣”后楼价录得轻微上升，但目前楼价比起2021年8月历史高位，仍低近24%。

美联物业首席分析师刘嘉辉表示，自全面“撤辣”实施至今已一月有余，从3月份统计的成交数据来看，政策效果十分显著。“撤辣”后香港楼市成交急增，加上美联储维持息率不变并预期今年会降息，市场信心持续增加。“美联信心指数”已连升3星期(最新报61.9点，按周升2.5%)，若未来情况持续，香港楼价将有望止跌回稳。

与此同时，2.8万人抢购李嘉诚新盘的消息也刷屏网络。刚刚过去的周末，李嘉诚旗下的$长实集团 (01113.HK)$与$港铁公司 (00066.HK)$合作的黄竹坑站港岛南岸Blue Coast3B期以“捞底价”首轮开售422伙，4月6日首轮发售沽出406伙，占比96%。

据澎湃新闻援引多家香港媒体报道，Blue Coast首轮发售共套现近75亿港元，内地客占比近三成。香港中原地产监测数据显示，该项目自3月29日起开始认筹，截至4月5日下午3时，项目最终接收近28000组客户认筹，成2024年新盘票王。以首轮发售422伙计算，超额认购逾65倍。

一则传闻刺激港股

4月10日，港股高开高走，截至收盘，恒生指数收涨1.85%报17139.17点，站稳17000点关口。$恒生科技指数 (800700.HK)$涨2.12%，$国企指数 (800100.HK)$涨2.06%，均录得三连涨。

热门科技股多数上涨，新能源汽车、科技网络龙头集体走高，$小鹏汽车-W (09868.HK)$涨7.7%，$哔哩哔哩-W (09626.HK)$涨6.4%，$蔚来-SW (09866.HK)$涨6%，$阿里巴巴-SW (09988.HK)$涨4.9%，$京东集团-SW (09618.HK)$涨4.7%，$美团-W (03690.HK)$涨4.1%，$理想汽车-W (02015.HK)$、$微博-SW (09898.HK)$、$舜宇光学科技 (02382.HK)$涨超3%。

值得注意的是，当日港股的走强，跟一则传闻有很大的关系。当天上午，彭博社引述消息人士的话称，中国香港政府正草拟咨询文件，考虑对包括私人信贷及基础设施在内的受欢迎另类投资工具，提供更优惠的税务待遇。

报道称，中国香港政府拟对投资于另类投资的特殊目的工具所赚取的利息收入进行豁免，涉及的另类投资产品包括私人信贷、混合证券、房地产及基础设施等，预期草案会于月内出台。

近年另类投资受到投资者青睐，据Preqin估计，2027年另类投资基金管理的资产将较2021年增长70%至23.3万亿美元。

此前2月28日，香港财政司司长陈茂波在财政预算案中指出，香港是国际资产及财富管理中心，管理资产超过30万亿港元，亦是亚洲区内最大的对冲基金中心和仅次于内地的私募基金管理中心，目前香港已分别有超过250家开放式基金型公司及780个有限合伙基金。为推动市场发展，香港会把开放式基金型公司及房地产投资信托基金资助计划延长3年，亦将成立专责小组，与业界商讨进一步推动资产及财富管理业发展的措施。

陈茂波当时称，为吸引环球家族办公室和资产拥有人来港，有助带来更多资金及带动相关经济活动，香港已落实多项措施，包括为单一家族办公室的合资格交易提供税务宽减，以及精简适用于高端专业投资者的评估程序。

陈茂波表示，香港将进一步优化有关基金、单一家族办公室和附带权益的优惠税制，包括检讨税务宽免制度的适用范围、增加合资格交易的种类，以及提升有关处理附带交易的弹性，从而吸引更多有潜力的基金和家族办公室来港落户。

编辑/jayden

Source: Broker China
Author: Chen Ming

Today, there are two major news stories from Hong Kong!

One is that the “Stamp Duty (Amendment) Bill 2024” was passed in the third reading in the Legislative Council of the Hong Kong Special Administrative Region today. Hong Kong residential property transactions are no longer required to pay additional stamp duty, buyer stamp duty and new residential stamp duty.

The other one relates to the stock market. Bloomberg quoted sources as saying that the HKSAR government is considering new tax regulations to provide more favorable treatment for alternative investments, including private equity credit and infrastructure. Draft rules are expected to be presented as early as this month. Stimulated by the above news, the Hong Kong stock market surged today.$Hang Seng Index (800000.HK)$It closed up 1.85% and reached the 17,000 mark.

Hong Kong's property market is completely “decimated”

According to China Central Radio and Television's Voice of the Greater Bay Area, on April 10, the “Stamp Duty (Amendment) Bill 2024” was passed in the third reading by the Hong Kong Special Administrative Region Legislative Council. Hong Kong residential property transactions are no longer required to pay additional stamp duty, buyer's stamp duty and new residential stamp duty.

On February 28 this year, the Financial Secretary of the Hong Kong Special Administrative Region Government of China, Chan Mao-po said that in 2023, in the Hong Kong residential property market, with rising interest rates and uncertainty in the surrounding environment, the market atmosphere has been very cautious since the middle of last year. Property prices fell 7% throughout the year, and trading volume was reduced by 5% to a low level of around 43,000 units. The non-residential property market is roughly the same.

Chen Maobo said that he has been closely monitoring the situation in the residential property market. After carefully considering the current overall situation, the HKSAR Government has decided to abolish all residential property demand management measures from now on. That is, from February 28, all residential property transactions will no longer need to pay additional stamp duty, buyer's stamp duty, and new residential stamp duty. This move means that after a lapse of 14 years, the Hong Kong property market has once again entered the “zero hot tricks” era.

“Hot trick” refers to a series of policies and measures introduced by Hong Kong to crack down on real estate speculation and curb the excessive rise in housing prices. Since 2010, Hong Kong has introduced a number of “hot tricks” for the property market. However, as the property market cools down, in October 2023, Hong Kong partially adjusted the “hot trick”, shortening the period of application of additional stamp duty from 3 to 2 years, reducing the tax rate of buyer's stamp duty and new residential stamp duty by half. In addition, it also provides a “first exemption” arrangement for foreign talents to buy a home.

The stamp duty rate for local people in Hong Kong buying a house in Hong Kong will be reduced from 7.5% to 1.5%, and the tax will be reduced by about 80% after the “removal of spies”. At the same time, taxes and fees for mainland buyers visiting Hong Kong will be drastically reduced. For mainland buyers who buy homes in Hong Kong, stamp duty will be reduced from 15% to 4.25%, and the minimum tax is only HK$100. Take the purchase of a house with a total price of HK$10 million as an example. Previously, mainland buyers had to pay at least HK$3 million in taxes, which directly saved HK$3 million after a complete “decluttering”.

Also on February 28, the Hong Kong Monetary Authority of China raised the maximum mortgage ratio for residential properties and the financing ratio for property development projects. On the same day, the Hong Kong Monetary Authority issued guidelines to banks to revise countercyclical macroprudential control measures and other relevant regulatory requirements applicable to property mortgage loans.

Among them, the maximum mortgage ratio was adjusted to 70% for private residential properties worth HK$30 million or less; the maximum mortgage ratio for private residential properties worth HK$35 million or more was adjusted to 60%. In order to avoid a sharp drop in the applicable mortgage ratio, the mortgage ratio for properties worth between HK$30 million and HK$35 million will be gradually reduced. Furthermore, the maximum mortgage ratio for non-private residential properties was raised from 50% to 60%.

The maximum mortgage ratio for non-residential properties (including office buildings, shops, industrial buildings, etc.) was raised from 60% to 70%. The maximum mortgage ratio for property mortgage loans based on “asset level” was raised from 50% to 60%. This revision applies to residential and non-residential properties.

Rapid volume of new housing transactions

The effects of the Hong Kong property market's “decriminations” can be described as having immediate results.

According to the monitoring data of Midland Property, thanks to the favorable policy side, new housing transactions in Hong Kong rose more than 14 times a month to 4,200 in March, a record high in a single month since 1998, while the top ten second-hand housing estates (private residential housing) transactions rose about 2.6 times month-on-month to 359. After the “withdrawal”, the number of inquiries from Midland Shenzhen customers about Hong Kong properties increased sharply by 50 times, and at the same time, the number of visitors also increased significantly by more than 20 times.

Furthermore, as of March 28, “Spicy Removal” was just full. According to Central Plains Real Estate statistics, between February 28 and March 26, there were 115 new listings recorded in Hong Kong, with a total transaction amount of about 3,799 transactions, with a total transaction amount of $38.138 billion. Compared with 229 cases and $3.92 billion in the month before “Spicy Removal” (January 28 to February 27), the monthly increase was 15.6 times and 8.7 times. It is worth noting that as many as 11 real estate properties recorded over 100 transactions after the “Expulsion”. According to reports, some people bought 24 apartments at once, involving more than HK$166 million, making it the biggest sale of new listings in over 6 years.

It is worth noting that luxury property transactions with a total price of HK$30 million or more have surged sixfold. According to Central Plains Real Estate statistics, Hong Kong recorded 159 first-hand property transactions with a price of HK$30 million or more after the “removal of spices”, a sharp increase of 6 times compared to only 22 in the month before the “evacuation”. The Kai Tak Runway area, which mainly concentrated new luxury homes, had the largest number of 25, followed by$CHINA RES LAND (01109.HK)$(overseas) and$POLY PROPERTY (00119.HK)$Li Jing, who collaborated, accounted for 22 cases.

At the same time, there were 11 new sales of over 100 million yuan after the “removal”. The most expensive was a 10,000-foot courtyard house in Bijiashantiwai, owned by Kerry (683). It has a useful area of 1,1589 square feet, an attached garden area of 15,397 square feet, and a garage with two parking spaces. The transaction price of the property reached HK$1 billion, once again breaking the first-hand sales price record for luxury homes in Kowloon over the years. The price per square foot was HK$86,289, setting a record high for luxury bungalow prices in the Kowloon district.

Second-hand trading also rebounded sharply. According to the latest data from Central Plains Real Estate, throughout March, the Central Plains Housing Department facilitated more than 1,400 second-hand transactions, which nearly tripled from month to month, reaching a new high of more than two and a half years. This is the first time since March last year that it has reached the level of 1,000. Based on the calculation that Central Plains Real Estate's share of the Hong Kong second-hand market exceeds 30%, it is roughly estimated that Hong Kong recorded nearly 5,000 second-hand transactions in March, the highest since 5088 second-hand registrations were recorded in July 2021.

Second-hand housing prices have also risen. In March, out of the top 10 housing estates in the Central Plains Real Estate statistics, 7 housing estates recorded increases in property prices. Chen Yongjie, vice chairman of the Asia Pacific region of Central Plains Real Estate and president of the Housing Department, said that although property prices recorded a slight increase after the “withdrawal”, current property prices are still nearly 24% lower than the historical high in August 2021.

Liu Jiahui, chief analyst at Midland Properties, said that it has been more than a month since the full “anti-corruption” was implemented. Judging from the transaction data in March, the effect of the policy is remarkable. Hong Kong property market transactions surged after the “withdrawal”. Coupled with the Federal Reserve keeping interest rates unchanged and expecting to cut interest rates this year, market confidence continued to increase. The “American Confidence Index” has been rising for 3 consecutive weeks (the latest report was 61.9 points, up 2.5% weekly). If the situation continues in the future, Hong Kong property prices are expected to stop falling and stabilize.

At the same time, news that 28,000 people are snapping up Li Ka-shing's new property also floods the internet. This past weekend, Li Ka-shing's$CK ASSET (01113.HK)$versus$MTR CORPORATION (00066.HK)$The cooperative Wong Chuk Hang Station Blue Coast Phase 3B on the south coast of Hong Kong Island sold 422 units in the first round with a “reserve price”. On April 6, 406 units were sold in the first round, accounting for 96%.

According to various Hong Kong media reports, Blue Coast's first round sale cashed out nearly HK$7.5 billion, with mainland customers accounting for nearly 30%. According to monitoring data from Hong Kong's Central Plains Real Estate, the project began to be approved on March 29. As of 3:00 p.m. on April 5, the project finally received nearly 28,000 customer subscriptions, making it the most popular in 2024. Based on the initial sale of 422 units, the oversubscription amount was over 65 times.

A rumor stimulates Hong Kong stocks

On April 10, Hong Kong stocks opened high. By the close, the Hang Seng Index had closed up 1.85% to 17139.17 points, standing at 17,000 points.$Hang Seng TECH Index (800700.HK)$up 2.12%,$Hang Seng China Enterprises Index (800100.HK)$They rose 2.06%, all of which recorded three consecutive gains.

Most of the popular technology stocks rose, and the leaders in new energy vehicles and technology networks rose collectively.$XPENG-W (09868.HK)$An increase of 7.7%,$BILIBILI-W (09626.HK)$increased by 6.4%,$NIO-SW (09866.HK)$An increase of 6%,$BABA-SW (09988.HK)$up 4.9%,$JD-SW (09618.HK)$up 4.7%,$MEITUAN-W (03690.HK)$increased by 4.1%,$LI AUTO-W (02015.HK)$,$WB-SW (09898.HK)$,$SUNNY OPTICAL (02382.HK)$An increase of more than 3%.

It is worth noting that the strengthening of Hong Kong stocks on the same day had a lot to do with a rumor. On the morning of the same day, Bloomberg quoted sources as saying that the Hong Kong government of China is preparing consultation documents to consider providing more favorable tax treatment for popular alternative investment instruments, including private credit and infrastructure.

According to the report, the Hong Kong government of China plans to exempt interest income earned from special purpose instruments investing in alternative investments. The alternative investment products involved include private credit, hybrid securities, real estate and infrastructure. It is expected that the draft will be introduced within the month.

Alternative investments have been favored by investors in recent years. According to Preqin estimates, the assets managed by alternative investment funds in 2027 will increase 70% compared to 2021 to US$23.3 trillion.

Earlier, on February 28, Hong Kong's Financial Secretary, Chan Mao-po, stated in the budget that Hong Kong is an international asset and wealth management center, with assets under management exceeding HK$30 trillion. It is also the largest hedge fund center in Asia and a private equity management center second only to the mainland. Currently, Hong Kong has more than 250 open-ended fund companies and 780 limited partnership funds, respectively. To promote market development, Hong Kong will extend the funding schemes for open-ended fund companies and real estate investment trusts for 3 years, and will also set up a task force to discuss with the industry measures to further promote the development of the asset and wealth management industry.

Chen Maobo said at the time that in order to attract global family offices and asset owners to Hong Kong, help bring more capital and drive related economic activities, Hong Kong has implemented a number of measures, including providing tax relief for eligible transactions in a single family office and streamlining evaluation procedures for high-end professional investors.

Chen Maobo said that Hong Kong will further optimize the preferential tax system for funds, single family offices and ancillary benefits, including reviewing the scope of application of the tax relief system, increasing the types of eligible transactions, and improving flexibility in handling incidental transactions, thus attracting more promising funds and family offices to settle in Hong Kong.

Editor/jayden

The translation is provided by third-party software.

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香港，传出两大重磅！