Economy

Hong Kong to expand vaccine bubble coverage on 24 February

This will include restaurants and recreational facilities, among others.

Retail sales jump 7.1% YoY to $30.7b in November 2021

This is due to the positive consumer sentiment and the economic recovery.

Deposits inch up by 0.6% in November 2021

Total loans and advances “remained virtually unchanged.”

Export growth to slow down to 8% in 2022: HKTDC

Export growth in 2022 will be affected by four factors.

Business receipts of service industries rise in double-digits in Q3

Amongst industries, transportation had the highest growth, jumping 76.5% YoY.

Which sector had the highest total receipts for 2020?

The combined total receipts of the sectors decreased by 6.7% YoY to $4,614.7b.

HK to spend about HK$240b for green initiatives in next 15-20 years

The initiatives include accelerating net-zero electricity generation.

60% of GBA companies are eyeing ASEAN expansion in 3 years

Expansion plans were greatly expressed by companies from the industrial goods sector.

HK launches first renminbi green bonds offering for $6.099

It was offered in two tranches with coupon rates of 2.8% and 3%.

Consumer prices rise 1.7% in October

The uptick was attributable to the lower ceiling of rates concession.

6 out of 10 Hongkongers have no financial plan

52%, meanwhile, are concerned about the high cost of living in the future.

Why HK is the ideal platform for mainland GBA firms seeking global expansion

HKTDC, ACCA list services HK can offer for businesses expanding in RCEP markets.

HK slams US-China panel report on National Security Law

The report claimed: HK is embracing authoritarianism with the NSL implementation.

71% of start-ups in GBA expect revenue growth within 3 years

Revenue growth was most expected by Biotechnology start-ups (30%).