Economy
Sany Heavy Industry targets $12b in Hong Kong IPO
Sany Heavy Industry targets $12b in Hong Kong IPO
Its overseas sales now account for 62% of revenue ahead of listing.
Central Asia leverages China and the West for growth
The SCO summit spotlights Central Asia’s effort to deepen economic ties whilst maintaining balance.
Hong Kong spent $130m in public healthcare in 2023/24
Care for ageing population was cited for increase.
Export volume up 12.4% in August
Imports rose 9.7% as mainland trade expanded.
Rising transport costs push Hong Kong part-time workers towards flexible roles
Nearly 45% said commuting costs make part-time work financially unsustainable.
Hong Kong SME sentiment edges higher in September but remains weak
Despite the improvement, the reading remains below the neutral 50 mark.
Hong Kong welcomes 18 new businesses
GlaxoSmithKline and Goertek Microelectronics are amongst the new entrants.
Phase one of MBF portability approved
It will be implemented sometime in 2026.
Hong Kong wages rise 3.5% in June
However, unadjusted figures show a 7.5% drop in nominal payroll and a 7.2% drop in real payroll.
Gov’t announces new tobacco control measures
This ranges from increasing penalties and more stringent enforcement actions.
Hong Kong leaders see AI plan boosting jobs, investment, permits
Western Digital said intensifying AI workloads are reshaping storage priorities as data volumes increase.
HKTDC welcomes policy address, backs mainland firms going global
The HKTDC said the package charts a wide-ranging course for development.
Firms urge clarity and incentives to drive Northern Metropolis development
Industry leaders back the plan but warn that high costs, vague timelines could slow uptake
Tax perks for funds and family offices set to be enhanced
It hopes to attract more funds to establish a presence in Hong Kong.
How will Hong Kong deepen its international economic and trade networks?
Measures include investment agreements, digital trade reforms, and stronger transport and logistics infrastructure.
Gov’t to establish accountability system to enhance governance
The plan adds an AI team and stricter appraisals to boost accountability.
Hong Kong economy set to cool in H2 after 3.1% first-half gain
On prices, UOB lowered its 2025 headline inflation forecast to 1.6% from 1.8%.
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