Economy
Unemployment rate remains at 2.9%
There were 112,400 unemployed people from September to November.
Hong Kong kicks off public consultation on the 2024-25 budget
The 2024-25 budget will pursue development aimed at promoting stability.
Exports to grow by 4% to 6% in 2024
Exporters will focus on cash flow management next year.
Hong Kong rejects negative credit outlook rating
Moody's downgraded Hong Kong’s outlook rating from stable to negative.
HK, Saudi Arabia ink investment promotion pact
The pact will strengthen economic relations between the two markets.
Gov’t logs $172.9b deficitÂ
The figure covers the first seven months of the current financial year.
Inflation up 2.7% in October
Composite CPI increased by 1.7% YoY.
Digitalisation is mandatory for competitive business
Digital transformation goes beyond technology as it encompasses cultural and operational shifts in the business landscape.
Unemployment rate rises to 2.9%
There were 115,800 unemployed people from August to October.
FS Paul Chan meets APEC finance ministers in San FranciscoÂ
Chan shared views on topics such as green and sustainable finance.
HK economy grows 4.1% YoY in 3Q23Â
Despite the increase, the government cut its 2023 economic growth forecast to 3.2%.
2023 GDP growth to be above 3%: FS Chan
Export of services will be the main growth driver for the rest of the year.
Foreign currency reserves hit US$416b in September
It increased from the US$415.7b record in September.
GDP up 4.1% in Q3: advanced estimates
Tourism and private consumption will underpin growth; exports remain weak.
Government logs $177.7b deficit in H1
The government expenditure was $355.6b from April to September.Â
More than 150 positions open in GBA fintech internship
Successful applicants will get a monthly subsidy of $12,000.
Business community welcomes 2023 policy address
HKTDC and HKPC have vowed to support measures laid out by the government.
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Transforming Hong Kong into a climate tech powerhouse