Economy
Possibility of recession looms for Hong Kong: Finance Chief
Possibility of recession looms for Hong Kong: Finance Chief
Ongoing social unrest and the escalating trade tensions place downward pressure on economic growth.
PMI sinks to decade-low 43.8 in July
This is due to sharp declines in both business activity and new orders and fall in input stocks.
GDP growth holds firm at 0.6% in Q2
This is due to weak performance of investments and low external demand.
Hong Kong trade deficit narrows to $244.2b for H1
Total trade exports and imports decreased by 3.6% and 4.5% in H1.
Inflation hits 3.3% in June
Surging pork prices drove inflation levels up.
Firms expect business situation to worsen in Q3: survey
Retail, accommodation and food services, and real estate sectors are bracing for the worse.
Secondary listings by Mainland firms to weigh on liquidity
Large IPOs in the pipeline and reduced aggregate balance still make liquidity conditions volatile.
Total export volume down 4% in May
Total export and import volumes went down as prices increased.
Exports down 2.4% in May
Total good exports fell 2.5% for the first five months of the year.
Over 64,000 new companies registered in H1
Hong Kong is now home to nearly 1.4 million companies.
Hong Kong exports down 2.4% to $343.1b in April
The total value of exported goods dropped 2.4%.
3 in 4 parents more pressured over finances than older counterparts
Children’s education ranked as their highest financial stressor.
Inflation eases to 2.8% in May
The prices of electricity, gas and water fell.
Civil Service Bureau proposes 5.26% pay hike for lower income civil servants
The proposed adjustment took into account cost of living and pay claims, amongst others.
The Asian Export Awards 2019 is now open for nominations
The search is on for the leading exporters in Asia.
Entertainment and media revenue to make up 60% of Hong Kong's revenue by 2023
It will primarily be driven by the OTT segment’s 18.7% CAGR to $3.14b.
Hong Kong beats US but trails Singapore in world competitiveness rankings
The city had stellar scores in government and business efficiency.
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