Economy

Revenue during the same period amounted to $147.2b.

Gilford Law is the new Hong Kong Economic and Trade Office Director-General.

The plan provides support in enhancing Hong Kong’s status as an international financial hub, amongst others.

The effects of the consumer vouchers will be seen this month.

It ranked third in health security and first in infrastructure security.

The government attributed this to the low-base effect.

There are now 7.39 million individuals in the city.

This is driven by the “vibrant” external demand and stabilised COVID-19 situation in Hong Kong.

The strict COVID-19 measures are expected to dampen the city’s economic growth.

Chief Executive Carrie Lam said the city is an “ideal gateway” for businesses.

The city’s GDP expanded by 7.5% in the second quarter from 7.9% previously.

The overall SME leading business index rose to 46.6, the highest since Q3 2018.

Its total assets stood at $4.5t as of end-June.

The US has been critical of the law which, it deemed, had undermined Hong Kong’s autonomy.

But at a slower pace compared to 1% in May.

This is thanks to a low base year and growing external demand.