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The chairman of the
pro-government think tank, the
Bauhinia Foundation, says
overseas investors should not
be banned from buying property
in Hong Kong. Anthony Wu was
commenting on a suggestion by
executive councillor Anthony
Cheung that such a move could
be included in measures taken
to cool runaway property
prices.
Speaking after a radio
programme, Mr Wu said that
excessive intervention was not
desirable in Hong Kong's free
market economy. He said
scrapping the current policy
of allowing those who invest
more than HK$6.5 million in
property to stay in the
territory would not make much
of a difference to property
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