Economy
Hong Kong economy set to cool in H2 after 3.1% first-half gain
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%.
Foreign currency reserve declines in August
Foreign liabilities amounted to $31.7b.
Gross national income up 5.2% YoY in Q2
GDP for the same period was $785.2b, up 3.7% YoY.
10th Belt and Road Summit generates $7.8b in MOUs and new projects
This is a total of nine MOUs signed with the government and 36 other agreements.
HK Jockey Club amongst top 20 largest corporate givers globally
The report found 60% of Asia’s largest corporate givers are founder or family-led.
Credit market sees growth in personal loans, mortgages
Meanwhile, credit card and revolving line activities declined.
HK, Jordan sign tax agreement
Any tax paid in Jordan will be credited against the tax payable in Hong Kong.
Hong Kong launches silver bonds with 3.85% annual return
It has a target issuance size of $50b.
HK inflation eases to 1% in July
Declines were seen in clothing and footwear, durable goods, and basic food.
CPA Australia urges reforms to enhance Hong Kong's competitiveness
One of the key proposals includes introducing a Qualified Refundable Tax Credit for multinational enterprises.
HKMA study identifies AI and data analytics as key banking skills
Another key finding is the importance of a collaborative approach across the industry.
PwC urges policy action to boost Hong Kong’s global role
The recommendations come as Hong Kong’s economy shows modest recovery.
Economy up 3.1% in Q2 2025
Unemployment rate also rose to 3.5%.
SME business sentiment improves slightly in July
Revenue index rise 1.2% to 42.1 in July.
Nearly half of B2B credit sales now overdue: report
The report also said bad debts have surged, currently impacting 7% of B2B invoices.
Hong Kong economy expands 3.1% in Q2
This is the 10th consecutive quarter it saw an economic expansion.
HK’s foreign currency reserve declines by 1.52% MoM in July
It represents over five times the currency in circulation.
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