Lower rates will not only reduce financing costs but revive investor confidence and spending sentiment, experts say.

Hong Kong’s beleaguered real estate market is set for some relief after the city cut its base interest rate for the first time in four years, mirroring the Federal Reserve’s policy easing.

The tourism industry is expecting Coldplay's concerts next year to give the sector a boost, with hotels likely to benefit as fans flock to the city.

Hong Kong cut its base rate cut by half a percentage point for the first time in four years, kicking off a cycle that would help businesses and homeowners Hong Kong's de facto central bank cut its base interest rate for the first time in four years in lockstep with the US Federal Reserve,

The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25%, tracking a move by the U.S. Federal Reserve. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.