Seng Index: Lam and Wednesday

seng index: In a major announcement on Wednesday, Lam said that she will take four actions to start dialogue and end unrest in the city - a prospect that could help restore confidence among businesses, which requires a stable operating environment, in the city, according to Global Times China. The positive reactions from the business world to Lam's plan were instantly on display on Wednesday afternoon, as stock markets rallied. Photo Chen Qingqing/GT A plan by Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor to end persistent violence that has dented image of the major financial hub has offered some relief for rattled businesses, as they count on the step to help restore order and peace and to revive the economy. The Hang Seng index surged nearly 4 percent on Wednesday - the biggest gain in 10 months - reflecting the bullish view of investors of the Hong Kong Special Administrative Region HKSAR 's efforts to ease social unrest, according to media reports. The Federation of Hong Kong Industries said it respected the latest decision of the HKSAR. It said that it expected that society could get out of the current dilemma, as small and medium-sized enterprises SMEs have been facing tremendous pressure lately and their livelihoods have been seriously affected. The HKSAR government is making efforts to end the violence, and hopefully, it could help the economic recovery, Peter Shiu Ka-fai, a legislator, told the Global Times. (news.financializer.com). As reported in the news.