Economy
HKSAR and Beijing sign cooperation agreement on industrialisation efforts
The agreement will also promote cooperation in industry and information technology.
HKSAR and Beijing sign cooperation agreement on industrialisation efforts
The agreement will also promote cooperation in industry and information technology.
Hong Kong ranks 8th in cities with centi-millionaires
The country has 320 residents with liquid investable assets of $779m.
HKSAR to further strengthen ties with ASEAN countries
It includes the plan to establish a fourth ASEAN ETO in Kuala Lumpur.
Diffusion index slips to 41.3 in August
However, the one-month ahead outlook DI on business receipts was 45.4.
HKMA advises banks on flexibility with SME collateral
HKMA urged banks to be flexible, even if collateral values have declined.
HKTSP partners with MGI to build life science innovation platform in Hong Kong
MGI has also partnered with six scientific research institutions and enterprises in Science Park.
Hong Kong launches new silver bonds batch
Each bond is priced at $10,000.
HKMA suspends banker for signature forgery on deposit form
He photocopied a customer's signature on a time deposit application form.
Guangdong gov’t to issue RMB5b bonds in HK
Proceeds from the two-year bonds will fund projects in Nansha, Guangzhou.
All sectors affected in Hong Kong’s real estate sales drop
Rising interest rates and geopolitical tensions challenge Hong Kong's property sector.
Gov't introduces 5% concessionary tax for IP development
The initiative aims to stimulate the commercialisation of IP.
Gov't seeks feedback for Kai Tak, East Kowloon mass transit systems
Since the 2023 Policy Address, the gov't has been laying the groundwork for the projects.
Exports value climbs 13.1% in July
There were significant gains in electrical machinery.
Consumer prices rise 2.5% YoY in July, accelerating from June’s increase
In June, prices rose by 1.5% YoY.
InvestHK projects 47% rise in Belt & Road companies’ presence in 2024
In H1 2024, 15% of newly-expanded firms in Hong Kong were from Belt and Road economies.
Unemployment rate stands at 3%
There were 117,800 unemployed people between May and July.
Economy grows 3.3% YoY in Q2 2024
Quarter-on-quarter, the economy grew by 0.4%.
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