Economy

Export volume down 1.2% in August
21 Oct 20
August 2020 statistics showed a decrease by 1.2% and 4.5%, respectively.
Hong Kong relaxes social distancing rules for weddings, local tours
21 Oct 20
The number of maximum attendees has been raised to 50 people.
COVID-19 sped up digitalisation, innovation in Hong Kong: survey
21 Oct 20
Some businesses are confident that their business will soon recover.
Employment in private sector dips by 5.1%
14 Oct 20
Vacancies decrease by 47% over the preceding year.
HK inks tax pact with Georgia
14 Oct 20
This is Hong Kong’s 45th comprehensive avoidance of double taxation agreement.
Exports down 2.3% in Q3
29 Sep 20
Total exports pursues cutback for the eighth-month.
Labour market remains 'austere' in June-August
21 Sep 20
F&B unemployment rate remained high at 14.4% during this period.
Labour market remains 'austere' in June-August
21 Sep 20
F&B unemployment rate remained high at 14.4% during this period.
GDP shrunk 8.1% in Q2
15 Sep 20
Total income earned by residents fell 7.5%.
Hong Kong eases social distancing measures from 28 August
26 Aug 20
Cinemas, beauty parlors and selected outdoor outdoor sports premises will reopen.
Hong Kong hailed as 4th priciest market in Asia for hiring expats
25 Aug 20
The average cost of employing a mid-level expatriate worker in the region is at $2.23m.
Inflation down 2.3% in July
24 Aug 20
The government’s payment of public housing rentals dragged it down.
China vows to support Hong Kong as a financial hub
24 Aug 20
The CBIRC assures that Hong Kong’s standing will not weaken.
Jobless rate dipped to 6.1% in May-July
20 Aug 20
It eased in the information and communication, professional and business services sector.
GDP shrinks 9% in Q2
18 Aug 20
Private consumption expenditure fell 14.2% during the period.
Export volume down 6.2% in H1
18 Aug 20
Total exports continued to decline for the fourth-straight month in June.
PMI further contracted to 44.5 in July: IHS Markit
5 Aug 20
New orders, input prices and business confidence deteriorated at a quicker rate.
Hong Kong's retail sales slip 24.8% in June
3 Aug 20
The decline softened as the local epidemic abated during the month.
GDP sinks 9% in Q2
30 Jul 20
Private consumption expenditure continues to counter the growing public consumption.
Exports down 1.3% in June
29 Jul 20
Exports to major markets outside Asia saw double-digit decline.
Hong Kong recovery may take longer than expected, Chan says
27 Jul 20
He once again urged landlords to offer tenants rental concessions to ride out the impact.
Unemployment widens to 6.2% in Q2
24 Jul 20
Underemployment rate similarly inched up to 3.7%.
Inflation edged up 0.7% in June
22 Jul 20
The relaxed spike in June was due to the moderated price increases in pork.
28% of businesses expect worse business conditions in Q3
21 Jul 20
Real estate and professional services are some of the sectors projecting fewer sales output.
Exports down 6.7% in May
21 Jul 20
Double-digit declines were recorded for the total export volume to India and the US.
The Writing Is No Longer Just on the Wall in Hong Kong, It's in Unnerving Neon
20 Jul 20
What started as a bold threat from the US Secretary of State Mike Pompeo, has been stripped of any pretence of mere possibility, as President...
Hong Kong to drive GBA's second stage of growth
14 Jul 20
It will provide a gateway to global capital markets for mainland Chinese firms in the region.
Government rolls out subsidy for precious metals trading industry
13 Jul 20
This is said to provide relief to members and practitioners registered with CGSE.
APAC's HNW wealth up 7.9% in 2019
9 Jul 20
The region fell behind the average global HNWI growth rate despite robust market performance.
Employment Support Scheme to disburse fifth batch of wage subsidies
8 Jul 20
This batch will receive an average wage subsidy of about $460,000.
Hong Kong ranked as sixth priciest market for expats globally
6 Jul 20
Prices dropped amidst a double whammy of the political unrest and the pandemic.
Local startup scene attracts overseas founders to set up in Hong Kong
6 Jul 20
Startups are getting a lot of opportunities from various subsidies and partnerships.
Hong Kong's IPO market reached $87.5b in H1 2020
6 Jul 20
This is a 22% increase from the same period in 2019.
Hong Kong, Thailand establish special travel arrangement
1 Jul 20
It aims to explore relaxation measures to resume cross-boundary business exchange.
Second batch of Employment Support Scheme subsidies released
30 Jun 20
Employers received a total of $6.5b to get through from June to August.
Average pay rose 2.2% in March
30 Jun 20
Only 39% of the companies reported a decline in wage rates.
Exports down 7.4% in May
30 Jun 20
Exports to Asia as a whole went down by 4.6%, led by the 45.5% drop in the Philippines.
Hong Kong crowned as most financial literate market globally
30 Jun 20
Locals’ financial literacy improves albeit weak money behaviour.
Inflation up 1.5% in May
24 Jun 20
Price growth of pork, vegetables and private housing rentals were weaker.
Balance of payments surplus more than doubled to $25.8b in Q1
24 Jun 20
However, gross external debt rose $53.5b.

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