Economy
Hong Kong leaders see AI plan boosting jobs, investment, permits
Hong Kong leaders see AI plan boosting jobs, investment, permits
Western Digital said intensifying AI workloads are reshaping storage priorities as data volumes increase.
HKTDC welcomes policy address, backs mainland firms going global
The HKTDC said the package charts a wide-ranging course for development.
Firms urge clarity and incentives to drive Northern Metropolis development
Industry leaders back the plan but warn that high costs, vague timelines could slow uptake
Tax perks for funds and family offices set to be enhanced
It hopes to attract more funds to establish a presence in Hong Kong.
How will Hong Kong deepen its international economic and trade networks?
Measures include investment agreements, digital trade reforms, and stronger transport and logistics infrastructure.
Gov’t to establish accountability system to enhance governance
The plan adds an AI team and stricter appraisals to boost accountability.
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.
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