Economy
Hong Kong ponders lifting of more COVID restrictions
Hong Kong ponders lifting of more COVID restrictions
The government wants to further open up Hong Kong.
SME business optimism improves in October
But, next month’s expectations are more cautious.
Trade department increases business fund schemes
This covers the Bud Fund and EMF.
Hong Kong’s economic growth hinges on travel recovery
Advanced GDP estimates showed a drop of 4.5%.
Economy contraction widens in Q3 at 4.5%
In Q2, the economy shrank by 1.3%.
Government improves green lifestyle local tour incentive scheme starting 1 December
This includes raising the subsidy level to local tour participants to $300.
Value of total exports down 9.1% YoY in September
The value of exports declined to $401.6b in September 2022.
Inflation up 4.4% in September
This is up from only 1.9% in August.
Hong Kong rolls out 3-year local tour incentive programme
The government offers basic and advanced versions of cash incentives.
Gov’t deficit hits $183b
The government took into account the proceeds of $20b received from the issuance of green bonds.
The government recorded a deficit of $183b in the...
How are Hong Kongers attitude change whilst living with COVID-19?
Some have an increased desire to travel whilst some are still concerned about health.
Hong Kong sets sights on innovation and technology
The government has set aside $10b to enrich the I&T ecosystem.
Hong Kong may see negative economic growth in 2022
This is due to the rising cost of capital and tightening monetary conditions amongst others.
Return of group tours, individual visit scheme may boost Macau recovery
But China's lockdowns strategy will counter overseas travel.
External merchandise trade value dips double digits in August
Values of exports and imports of goods fell by 14.3% YoY and 16.3% YoY, respectively.
Consumer prices rise 1.9% YoY in August
The rate of increase was the same as last month.
Goodbye aviation hub status? Report shows HK air travel recovery hit by strict health rules
The aviation industry’s recovery will slow down.
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