Economy
Foreign currency reserves rise to US$431b in May
Foreign currency reserves rise to US$431b in May
Including unsettled FX contracts, reserves were US$430.9b in May.
Hong Kong’s growth projected to moderate at 1.9% in 2025
Inflation is also expected to remain moderate at 1.8% in 2025.
Hong Kong maintains strong credit ratings with stable outlooks
Fiscal reserves are also projected to stay above $500b.
Consumer prices up 2% in April
Underlying inflation was 1.3%.
Rising tax scrutiny puts pressure on private equity, venture funds: report
Authorities are ramping up collection efforts, a tax partner said.
Unemployment rate up 3.4% in Feb-Apr 2025
Total employment decreased by around 15,600.
Gov’t signs agreements to ease meat, dairy exports to Mainland China
Safety checks cover production to transport.
HK, Mainland sign deal to boost trade via Single Window system
The system rolls out in three phases.
Efforts to green supply chains aim to balance trade and climate goals
HK has been implementing various measures to support sustainable supply chains.
Economy up 3.1% in Q1 2025
It was driven by exports and investment.
Hong Kong completes 24 agreements with Kuwait
The agreements cover economy and trade, investments, financial services, and more.
Hong Kong makes up 6% of Asia’s green market cap
Taiwan and China lead the green economy in Asia, with each representing 30%.
SME’s diffusion index decreases in April
The diffusion index for most surveyed sectors dropped during the month.
CE Lee secures 35 agreements during Qatar visit
These cover economic cooperation, investment, technology, and finance.
InvestHK launches outreach in Türkiye, Hungary, and Egypt
The campaign is part of InvestHK’s broader effort to strengthen economic ties along the Belt and Road Initiative.
Hong Kong positions itself as listing hub for Middle Eastern firms
Chief executive John Lee will lead a delegation on Saturday.
Hong Kong seeks innovation and technology partnerships in Middle East
Chief executive John Lee will lead a delegation to Qatar and Kuwait.
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