Economy
Gross national income slips 1.2% YoY to $755.2b in Q2
It is $78b higher than the GDP.
Business receipts of major service industries ‘improve’ in Q2
This is thanks to the moderated epidemic and eased health measures.
Sluggish global growth momentum drags Hong Kong’s export performance
The city’s total export dropped by 8.9% YoY in July.
Hong Kong raises postage fees
The adjustments were said to be in line with cumulative inflation.
Consumer prices rise 1.9% MoM in July
The year-on-year rate of increase in consumer prices was also 1.9%.
HKEX posted net loss of $274m in Q2 22
The stock exchange experienced lower depository fees from e-IPOs.
Economy to contract by 0.7% in 2022: forecast
The GDP outlook got downgraded amidst a deteriorating external environment.
HKTDC inks agreement facilitating economic exchange with Aomori Prefectural Government
The agreement will create opportunities for businesses in both locations.
Economy shrinks by 1.3% YoY in Q2
This marks the second consecutive quarter of GDP contraction.
Population dips 1.6% in H1 2022 amidst persistent low fertility rates
The plunge in birth rate in the last two years was attributed to the COVID-19 pandemic.
Gov't launches new round of Fintech training, subsidy scheme
Subsidy for each approved project increased to $150,000.
Business sentiment of SMEs ‘eases’ in July
The current diffusion index dropped to 43.4 during the month.
Consumption vouchers to be disbursed to 6.36 million people
They will receive the first instalment on 7 August.
GDP dips 1.4% YoY in Q2: advance estimates
The decline was due to the weak performance in external trade.
Exports value dip 6.4% YoY to $380.7b in June
The Census & Statistics Department said exports to the Mainland continued to fall.
SME leading business index up 11.4 points in Q32022: HKPC
All sub-indices rebounded during the quarter.
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