Economy
Local startup scene attracts overseas founders to set up in Hong Kong
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.
Inflation up 1.5% in May
Price growth of pork, vegetables and private housing rentals were weaker.
Balance of payments surplus more than doubled to $25.8b in Q1
However, gross external debt rose $53.5b.
Registration for cash payout scheme commences
Those that digitally applied for the scheme before end-June will receive the cash by 8 July.
GNI contracted 7.1% to $679b in Q1
Investment income inflow and outflow both fell.
Business receipts post double-digit declines in Q1
Receipt values of tourism, convention, and exhibition services plunged 78.4% in Q1.
Hong Kong's rich brace for ‘worst-case scenario'
The wealthy are opening offshore bank accounts and eyeing overseas property.
Hong Kong's Possible Loss of Special Status Reiterates Singapore's Stability
Hong Kong has taken a series of unfavourable hits in the last year, their unfortunate magnitude clear to see for the watching eyes of the world. The...
Hong Kong is still the world's priciest market for expats
Currency movements measured against the US dollar drove up the cost of living.
PMI improves to 43.9 in May but business outlook remains bleak
Firms are still worried about the long-term effects of the pandemic.
Businesses adapt to the time of Corona
Hong Kong business leaders reveal how they are coping, and adapting, to the new environment.
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