Economy

Foreign currency reserves edge down to $3.33t in December

Assets still cover 38% of M3, five times currency in circulation

December building unit deals reach $65b total consideration

Building sales surged 63% compared to December 2024

Retail banks complete rollout of Money Safe anti-scam service

Mandatory face-to-face verification adds new layer of deposit protection

HKMA launches IP financing sandbox for innovative SMEs

Sandbox aims to assist pilot sectors in leveraging IP assets

Ultra-high-net-worth population rises 22.9% in first half of 2025

As of June, the city ranked sixth globally by UHNW population.

Hongkongers report steadier income in Q4

This suggested income stability amongst most families, TransUnion said.

HK economy maintains strength in 2025

Talks on the 2026 budget are also underway.

Hong Kong banks race to hire AI-ready talent as skill gap widens

Software development will be the biggest talent shortfall by 2030.

Construction output weakens in Q3 as private sector activity falls

Private output dropped 18.1%, whilst public works rose 7.7%.

Monetary Authority lowers base rate to 4%

The decrease followed a 25-basis point downward adjustment in the US federal funds target.

HKTDC forecasts exports to grow 8-9% in 2026

AI electronics demand was cited by 53.2% of exporters as the key growth driver.

Hong Kong reclaims top global IPO ranking after 2025 fundraising surge

Funds raised surged 210% as A+H listings dominate issuance.