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... y reduced and the credit contraction was accelerated.
On the 17th, the Association of Banks announced that on July 21st, the savings deposit interest rate would be increased from 11% to 12%. The property market bubble burst, and the Hang Seng Index began to fall from that day.
After July, the real estate market will be fully adjusted.
In August, the government's two land transactions have sent clear signals of market adjustments:
The first is that the government annou ...
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