Economy
SFC to issue virtual asset trading license
SFC to issue virtual asset trading license
The regulator has published a set of standards comparable to licensed securities and trading brokers.
Hong Kong sinks into recession
GDP slumped 3.2% into region’s worst performance since the 2009 global financial crisis.
Hong Kong economic growth may plunge into negative territory by end-2019
Both domestic and external demand remained weak.
Hong Kong urged to boost $2b economic stimulus
Some subsidies may drive consumption overseas or remain useless amidst the protests, argued Natixis.
Exports down 7.3% to $347.7b in September
Total exports to Asia slipped 4.5% YoY.
Inflation slows to 3.2% in September
This was due to the effect of public housing rental adjustment dissipating in September.
Business conditions expected to deteriorate in Q4: survey
Retail, food and accommodation sectors expect output and prices to fall.
F&B sector's jobless rate hit six-year high in Q3
Unemployment levels in consumption and tourism-related segments were at the highest in two years.
Foreign companies in Hong Kong up 9.9% to 9,040 in 2019
More than 1,500 operates their regional headquarters in the city.
PMI sinks to eleven-year low in Q3
Hong Kong’s economy is contracting at an annual rate of just over 3% in Q3.
Hong Kong is the world's third most competitive economy
It topped macroeconomic stability, health, financial system and product market categories.
Q2 current account surplus more than doubled to $37.8b
This was due to a decline in the goods deficit and growth in the net inflow of primary income.
External debt hits $12.76t in Q2
However, the banking sector’s ED dipped.
Financial non-reserve assets hit $38.1b in Q2
External financial abilities and assets also stood at $42.96t.
Hong Kong amongst world's rising stars for trade potential: StanChart
The city nearly broke into the world’s top 10.
Inflation hits 3.5% in August
Food prices soared 14.2% in August.
Hong Kong still the world's third best financial centre
It has the top investment management sector worldwide.
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