Economy
Hong Kong rate cuts to drive investor interest in 2025
Lower rates will attract institutional and property funds to value-driven opportunities.
Hong Kong GDP growth to dip in 2025 amidst trade tensions, high rates
It will decline to 2% from 2.6% in 2024, Deutsche Bank said.
Import and export value dips 0.3% in 2023
Total receipts amounted to $4.2t.
PASS opens application for new project proposals
The deadline for the new round of applications is 28 February 2025.
IRD lowers tax reserve certificate interest to 0.5500%
This is a reduction from the current rate of 0.7167%.
HK announces 3 pilot areas of land disposal in Northern Metropolis
Each pilot area covers private residential, industry, and public facility sites.
Hong Kong posts $163.7b deficit in 7M 2024
Its expenditure is at $418b, whilst its revenue was $175.6b.
HK’s labour force reaches 3.83 million in Q3
Total employment in Hong Kong during was 3.71 million.The total labor force in Hong Kong reached 3.83 million in Q3 2024, a slight increase from 3.82...
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
Hong Kong condemns US lawmakers' claim as financial hub for illicit financial activities
A government spokesperson called the allegations ‘malicious’ and ‘grossly unfounded.’
Exports value eases to 3.5% YoY in October
In September, exports value rose 4.7% YoY.
Consumer prices inch up by 1.4% YoY in October
This marks a slowdown from the 2.2% increase recorded last month.
HK urged to deepen financial reform and innovation
Chinese Vice Premier He Lifeng said HK was positioned as an international financial hub.
Jobless rate rises to 3.1% in August–October period
The number of jobless individuals rose by 800.
Hong Kong economy up 1.8% YoY in Q3
On a seasonally adjusted QoQ basis, real GDP fell by 1.1%.
Hong Kong and Peru sign free trade agreement
It will take effect once both parties complete their internal procedures.
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