Hong Kong treasury minister Christopher Hui denies bowing to pressure from property developers as government ditches vacancy tax plan

Hong Kong’s treasury minister on Saturday denied the government had bowed to pressure from property developers, a day after the housing secretary revealed he would shelve a bill to tax vacant flats.The move to stop pushing the draft legislation has led to questions over the administration’s determination to resolve the housing crisis.Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told a radio programme: “As my colleagues and I do our job, our standpoint has always…

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