Economy

HSBC unveils $1b ASEAN Growth Fund for digital platform players

The amount will be used to lend to digital companies to boost their operations.

HSBC unveils $1b ASEAN Growth Fund for digital platform players

The amount will be used to lend to digital companies to boost their operations.

Hong Kong pins hopes on policy shift to hit 2.5% GDP target

Private residential property prices declined by 5.4% in 4Q23.

Hong Kong maintains fourth place in global finance index

The Government attributes the current ranking to the “one country, two systems” principle.

New public rental housing income and asset limits set after economic review

Current economic outlook and past practices in income limit reviews were amongst the factors considered in the adjustments.

Henderson Investment suffers $72m loss in 2023

It was mainly attributed to lower sales at APITA at Taikoo Shing. Henderson Investment Limited reported a $72m loss for the fiscal year ending 31...

OASES engages 300 strategic enterprises for Hong Kong’s development

The office aims to reach out to more strategic enterprises in the future.

Exports volume climbs 28.6% YoY in January

Imports also rose by double digits.

Lower rates not enough to halt Hong Kong’s slowing economic growth: Natixis

Ongoing property woes a growing issue for its largest source of tax income.

Life Sciences industry offers investors high risks, rewards

The life sciences capital scene is struggling with few revenue sources.

Two Sessions conclusion fuels Hong Kong’s goals for future development

The Two sessions’ key theme is new quality productive forces.

Hong Kong emerges as 10th most globalised market

In 2023 edition of the index, Hong Kong ranked 31st out of 181 markets.

Greater Bay Area’s development boosts HK competitiveness

Hong Kong is in a unique position to enhance its role as an offshore renminbi service hub.

Trade value to mainland dampens in 2023

Total exports to the mainland are 6.5% YoY.

Construction sector sees 4.2% growth in Q423, totaling $71.3b

Main contractors saw an 8.8% nominal increase in total GVCW, reaching $271.0b, in 2023.

Gov’t announces tax concession plans

The tax concessions will benefit over 2m taxpayers and 3m properties.

How Hong Kong can utilise fiscal reserve to support economic growth

The region's fiscal reserve as of the end of 2023 was roughly 23% of GDP.