Economy
Hong Kong's BoP surplus widened to $233.5b in Q4 2020
Hong Kong's BoP surplus widened to $233.5b in Q4 2020
Its gross external debt, however, rose by $506.6b.
New SME loan scheme takes effect on 29 March
The enhanced scheme will raise maximum loans and repayment period.
Small business confidence crashes to record low: survey
Only 21% of respondents expect their business to grow this year.
Inflation up 0.3% in February
The government has noted consumer prices are volatile around the Lunar New Year celebration.
Total employment slipped 4.7% in December
Approximately 2.68 million people were employed in December.
January exports up 44.6%
Price of total exports decreased 0.4%.
Hong Kong poised to recover
But it will take time, the HSBC Global Research says.
Hong Kong's national income falls to $2.8t in 2020
The city’s wealth dropped 5% in 2020, the Census and Statistics Department reported.
21.6% of HK exports to China for outward processing in 2020
Exports for outward processing decreased by 10% in 2020.
eMPF Platform Company Limited created
MPFA's subsidiary is targeted for completion by the end of 2022.
Nominations are now open for the China International Business Awards 2021
Deadline for submission of entries is on 25 June 2021.
Accommodation industry suffers 59.2% plunge in activity
Major service industries saw decreases of different magnitudes for 2020.
SME business receipts diffusion index up to 44.4
All surveyed sectors saw an increase in diffusion index in February 2021.
Stamp duty amendment bill to be introduced to LegCo
If approved, the new stamp duty rate will take effect in August 2021.
Number of women in senior leadership roles increasing: report
But Asia Pacific trails behind other regions.
January retail sales drop 13.6%
Total retail sales amounted $32.6b in January 2021, partially linked to the Lunar New Year celebration.
Hong Kong's ultra wealthy population breaches 5,000
The ultra wealthy population is expected to grow by another thousand by 2025.
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