Economy

The pace of decline, however, has moderated.

There were 115,100 unemployed from January to March.

Food prices declined against a high benchmark caused by supply disruptions easing the city's inflation rate.

But one in ten anticipate the worst business conditions in the city.

The measure to increase the child allowance was also passed.

Business optimism has prompted 58% of SMEs to increase their headcount.

Renminbi deposits decreased by 2.8% to RMB813.5b.

But loans for refinancing dipped by 8.8%.

Growth in the retail market could reach 25% or pre-pandemic levels.

Economists predict economic growth of 3.5%-4.0% for Hong Kong. 

The weak external environment contributed to the decrease.

This amidst the global political conflict between the US and China.

The Hong Kong Export Index has risen by 9.3 points to 39.0.

Globally, the market is 16th priciest for business concerns.

The bank provided conducive factors through its policies.

The government will establish a green-tech committee as part of its efforts.