Economy
Hong Kong recovery may take longer than expected, Chan says
Hong Kong recovery may take longer than expected, Chan says
He once again urged landlords to offer tenants rental concessions to ride out the impact.
Unemployment widens to 6.2% in Q2
Underemployment rate similarly inched up to 3.7%.
Inflation edged up 0.7% in June
The relaxed spike in June was due to the moderated price increases in pork.
28% of businesses expect worse business conditions in Q3
Real estate and professional services are some of the sectors projecting fewer sales output.
Exports down 6.7% in May
Double-digit declines were recorded for the total export volume to India and the US.
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What started as a bold threat from the US Secretary of State Mike Pompeo, has been stripped of any pretence of mere possibility, as President Donald...
Hong Kong to drive GBA's second stage of growth
It will provide a gateway to global capital markets for mainland Chinese firms in the region.
Government rolls out subsidy for precious metals trading industry
This is said to provide relief to members and practitioners registered with CGSE.
Employment Support Scheme to disburse fifth batch of wage subsidies
This batch will receive an average wage subsidy of about $460,000.
Hong Kong ranked as sixth priciest market for expats globally
Prices dropped amidst a double whammy of the political unrest and the pandemic.
Local startup scene attracts overseas founders to set up in Hong Kong
Startups are getting a lot of opportunities from various subsidies and partnerships.
Hong Kong's IPO market reached $87.5b in H1 2020
This is a 22% increase from the same period in 2019.
Hong Kong, Thailand establish special travel arrangement
It aims to explore relaxation measures to resume cross-boundary business exchange.
Second batch of Employment Support Scheme subsidies released
Employers received a total of $6.5b to get through from June to August.
Average pay rose 2.2% in March
Only 39% of the companies reported a decline in wage rates.
Exports down 7.4% in May
Exports to Asia as a whole went down by 4.6%, led by the 45.5% drop in the Philippines.
Hong Kong crowned as most financial literate market globally
Locals’ financial literacy improves albeit weak money behaviour.
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