The recent package of measures introduced by the Chinese government to try and bolster the country's flagging financial environment appear to be paying off, as Hong Kong share prices shot up by 5% on Tuesday morning.
Shares in the country's property firms and crude oil stocks soared overnight after news that countries across the world were pouring colossal cash deposits into their financial systems, boosting the stability of the economic climate as a whole, and easing the intensity of fears felt by investors in recent months.
Just a few weeks ago, China's Finance Ministry effectively encouraged greater share sales when they announced their plans to remove the 0.1% stamp tax on purchases of shares.
The decision came at a crucial time for the country, after the Shanghai Composite Index plunged by 7% in one day alone and bank shares dropped dramatically in the wake of the Leham Brothers' bankruptcy.
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