One such example is the publication of a report titled “Market Liquidity: Research Findings and Selected Policy Responses” in May this year. Market liquidity is admittedly an elusive concept and is difficult to quantify. Nevertheless, market participants and authorities are making their day to day decision on the assumption that market is always liquid.
Housing investment will likely continue recovering moderately: the number of housing starts – a leading indicator of housing investment – is starting to recover as a result of support measures and adjustments in condominium prices. Reflecting such developments in demand both at home and abroad, production is likely to continue rising as a trend.