Economy

Hong Kong exports rose 37% in first two months
19 Apr 21
Total imports also increased 27.2% in the same period.
Hong Kong's "very high net worth" population falls by 5.4%
16 Apr 21
The city is still amongst the top 10 territories with the wealthiest populations.
SMEs in Hong Kong stayed “cautious” in March
13 Apr 21
Diffusions index in March dropped slightly to 44%.
What opportunities Hong Kong can take in the Greater Bay Area
9 Apr 21
Aviation and basic research are amongst the areas of growth for the city.
Hong Kong economy may rebound 4.1% this year: OCBC
6 Apr 21
In its monthly report on Hong Kong, OCBC said the economy was showing signs of recovery.
Sotheby's to auction first-ever watch accompanied by NFT
5 Apr 21
The exclusive bidding will help to benefit children with critical illnesses through Make-A-Wish® UK.
Mainland China's economic growth seen to boost Hong Kong trade
25 Mar 21
The tension between China and the United States, however, may pose threats.
Export Index rises for the fourth consecutive quarter
23 Mar 21
Exporter sentiments also improve over economic recovery forecasts.
Hong Kong's BoP surplus widened to $233.5b in Q4 2020
23 Mar 21
Its gross external debt, however, rose by $506.6b.
New SME loan scheme takes effect on 29 March
23 Mar 21
The enhanced scheme will raise maximum loans and repayment period.
Small business confidence crashes to record low: survey
23 Mar 21
Only 21% of respondents expect their business to grow this year.
Inflation up 0.3% in February
22 Mar 21
The government has noted consumer prices are volatile around the Lunar New Year celebration.
Total employment slipped 4.7% in December
22 Mar 21
Approximately 2.68 million people were employed in December.
January exports up 44.6%
19 Mar 21
Price of total exports decreased 0.4%.
Hong Kong poised to recover
18 Mar 21
But it will take time, the HSBC Global Research says.
Hong Kong's national income falls to $2.8t in 2020
17 Mar 21
The city’s wealth dropped 5% in 2020, the Census and Statistics Department reported.
21.6% of HK exports to China for outward processing in 2020
12 Mar 21
Exports for outward processing decreased by 10% in 2020.
eMPF Platform Company Limited created
11 Mar 21
MPFA's subsidiary is targeted for completion by the end of 2022.
Nominations are now open for the China International Business Awards 2021
11 Mar 21
Deadline for submission of entries is on 25 June 2021.
Accommodation industry suffers 59.2% plunge in activity
10 Mar 21
Major service industries saw decreases of different magnitudes for 2020.
SME business receipts diffusion index up to 44.4
10 Mar 21
All surveyed sectors saw an increase in diffusion index in February 2021.
Stamp duty amendment bill to be introduced to LegCo
8 Mar 21
If approved, the new stamp duty rate will take effect in August 2021.
Number of women in senior leadership roles increasing: report
8 Mar 21
But Asia Pacific trails behind other regions.
January retail sales drop 13.6%
4 Mar 21
Total retail sales amounted $32.6b in January 2021, partially linked to the Lunar New Year celebration.
Hong Kong's ultra wealthy population breaches 5,000
2 Mar 21
The ultra wealthy population is expected to grow by another thousand by 2025.
Ultra wealthy population in APAC to rise 33% in 2025
2 Mar 21
This is higher than the global average of 27% rise in ultra wealthy population.
Australian firms may bank on Hong Kong's growth in GBA: government
2 Mar 21
The Greater Bay Area’s economy is seen to reach over US$4.7t by 2030.
What the Big 4 say on Hong Kong's 2021/22 budget
1 Mar 21
Here’s how EY, Deloitte, PwC and KPMG weighed in on the increased stamp duty and more.
Hong Kong records $25.2b trade deficit in January
26 Feb 21
The country’s value of total export and increased both increased YoY.
EPD rolls out Reverse Vending Machine pilot scheme
25 Feb 21
Citizens will receive a $0.1 rebate for each beverage container returned.
Hong Kong Budget 2021: $8.4b for COVID-19 vaccines; no new taxes
24 Feb 21
The Hong Kong government sees 3.5%-5.5% economic growth in 2021.
WTO creates panel to settle dispute with US on 'Made in Hong Kong' label
24 Feb 21
The government has asserted the US ban on 'Made in Hong Kong' markings counters WTO rules.
What the big consulting firms expect in the 2021 budget speech?
23 Feb 21
COVID-19 measures and tax rationalization lead firms’ proposals for Hong Kong’s 2021 spending plan.
Consumer prices climb 1.9% in January
23 Feb 21
Prices of electricity, gas, and water recorded the most increase for the month.
Negative interest rates top portfolio risk in Asia: study
22 Feb 21
More than 66% surveyed believe the world will not recover from the pandemic in 2021.
Hong Kong's external merchandise trade up in December
19 Feb 21
Total volume of exports and imports rose by 11.6% and 13.7%, respectively.
Jobless rate climbs to 7% in January after COVID fourth wave
19 Feb 21
Census and Statistics Department said the rise to 7% unemployment rate is the highest in 17 years.
Over 3 in 10 let down by gov't response to COVID-19: study
18 Feb 21
Almost 3 in 10 worry over losing jobs, struggling financially.
SMEs continue to suffer from pandemic
10 Feb 21
But they saw a slight improvement compared to December 2020.
Hong Kong's uptick in exports and imports value continues
29 Jan 21
Exports to mainland China have increased notably.

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