Economy

Gov’t to US: Withdraw erroneous ‘tariff measures as early as possible’

The global trade body said the tariffs on steel imports violated trade measures. 

Global recovery boosts increases in inward, outward DI

Total inward and outward direct investments went up by 17% and 12.1%, respectively.

Hong Kong economy may expand by 3.5% in 2023: BEA

The economy is expected to contract by around 3% in 2022. 

Government proposes measure to expedite development procedures

The bill outlined five directions to amend the current procedures.

External environment, cross-border travel disruption weigh business sentiment

Business receipts in the third quarter showed decreases, the C&SD reported. 

What Hong Kongers are saving their money for?

Inflation, however, is hindering them to pursue these goals.

Port cargo throughput falls 11.1% YoY in Q3

The decrease in both inward and outward port cargo drove the overall decline.

Foreign currency assets down by $25.5b in October: HKMA

The decrease was attributed to the sale of US$ under currency board arrangements.

Customs ratifies reciprocal trade facilitation for 13 markets

The government signed mutual recognition arrangement documents.

Gov’t deficit rises to $275.75b 

In August, the deficit was at $183b.

Exports value drop 10.4% YoY to $374.77b in October

The deterioration of the external economic environment contributed to the fall.

Global financial leaders looking to hire more HK talent: Chan

The financial leaders' summit boosted the market's financial status.

Joblessness drops to 3.8% between August and October

The total number of unemployed people stands at 147,400.

Industrial assets boost deals growth in Hong Kong: Colliers

There were 25 major deals with transaction volumes soared by 93%.