Economy
Hong Kong ranks 27th globally amongst top startup ecosystems
The number of startups reached a record 4,694 in 2024.
Businesses remain confident in regulatory compliance yet financially stressed
To remain competitive, nearly a quarter (25%) are considering acquisitions.
Business receipts rise by double digits for some service sectors in Q1
Two sectors, however, reported declines.
Foreign currency reserves rise to US$431b in May
Including unsettled FX contracts, reserves were US$430.9b in May.
Hong Kong’s growth projected to moderate at 1.9% in 2025
Inflation is also expected to remain moderate at 1.8% in 2025.
Hong Kong maintains strong credit ratings with stable outlooks
Fiscal reserves are also projected to stay above $500b.
Consumer prices up 2% in April
Underlying inflation was 1.3%.
Rising tax scrutiny puts pressure on private equity, venture funds: report
Authorities are ramping up collection efforts, a tax partner said.
Unemployment rate up 3.4% in Feb-Apr 2025
Total employment decreased by around 15,600.
Gov’t signs agreements to ease meat, dairy exports to Mainland China
Safety checks cover production to transport.
HK, Mainland sign deal to boost trade via Single Window system
The system rolls out in three phases.
Efforts to green supply chains aim to balance trade and climate goals
HK has been implementing various measures to support sustainable supply chains.
Economy up 3.1% in Q1 2025
It was driven by exports and investment.
Hong Kong completes 24 agreements with Kuwait
The agreements cover economy and trade, investments, financial services, and more.
Hong Kong makes up 6% of Asia’s green market cap
Taiwan and China lead the green economy in Asia, with each representing 30%.
SME’s diffusion index decreases in April
The diffusion index for most surveyed sectors dropped during the month.
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Commentary
How commercial spaces must adapt to changing consumer expectations
AI, data centres, and the coming energy supercycle in Hong Kong
Reinsurance beyond borders: How Hong Kong can strengthen Asia’s risk-sharing architecture
Hong Kong hospitality insights: Robust investment, tourism expansion, and operational recovery
Hong Kong’s insurance boom is facing a financing test