Hong Kong to Ease Mortgage Rules, Cuts Liquor Tax in Growth Push

Hong Kong will loosen mortgage rules on homes and slashed the tax on spirits as the government seeks to stimulate an economy impacted by China’s slowdown.

The maximum loan-to-value ratio for properties will be set at 70% for all homes, the city’s leader John Lee said on Wednesday as part of his annual policy address. He also broadened an investment immigration program to include homes as qualified assets.

Home prices have tumbled to an eight-year low due to plunging demand by mainland Chinese and elevated borrowing costs. Analysts didn’t expect the measures to have a notable impact on the market, ...