Chief Executive Donald Tsang declared that the high life-expectancy of Hong Kong demonstrates that concerns over air quality were not justified.
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Merrill Lynch downgraded several Hong Kong property companies because of air quality concerns, and there have been warnings from the head of the Stock Exchange that pollution was scaring investors away.
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In the 2008–09 Budget, Financial Secretary John Tsang proposed a 100% profit tax deduction for capital expenditure on environmentally friendly machinery and equipment in the first year of purchase, to encourage the business community to go green.
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