Economy

Business receipts value up YoY in Q4 2024

Business receipts value up YoY in Q4 2024

A double-digit increase was recorded in financing, insurance, and transportation.

Diffusion index down to 42.1 in February

Business receipts DI fell for logistics and retail trade.

HK condemns new round of US tariff

It will result in a cumulative 20% duty.

More and bigger IPO deals in Hong Kong expected this year

The IPO pipeline will be bolstered by relaxed monetary policy.

Gov't introduces one-off tax cut for 2024/25 tax year

A 100% reduction in profits tax, salaries tax, and tax under personal assessment has been proposed.

Four in five Hong Kong entrepreneurs hold multiple residencies: report

HSBC said Hong Kong ranked second only to New York in terms of ultra-high-net-worth residents.

What analysts have to say about Hong Kong 2025-26 Budget

PwC and KPMG commend efforts to bolster AI and asset management sectors in Hong Kong.

HKPC, HKTDC back Budget’s push for innovation, SME growth

Both organisations reaffirmed their commitment to working closely with the government.

Hong Kong strengthens ties with Global South markets

It also aims to enhance collaboration with ASEAN and Middle Eastern markets.

Mainland firms urged to set up headquarters in Hong Kong

It will provide them one-stop professional consulting services.

Hong Kong's revenue forecast cut to $560b for 2024-25

Fiscal reserves are expected to drop to $647.3b by 31 March

Hong Kong halts sales of commercial sites

But this move “will be effective for the next five years only," a property analyst said.

Economy to grow 2.9% annually from 2026-29: FS Chan

Inflation rate is forecasted to be 1.5% in 2025.

Hong Kong to build $1b AI Research & Development Institute

The institute will be formed by the Digital Policy Office.

China slowdown, trade uncertainty to weigh on HK’s 2025 growth

GDP growth is expected to slow further to 2.3% in 2025.

HKTDC to bolster competitiveness, global connections

Amongst HKTDC's strategies include nurturing a new generation of SMEs and start-ups.