Economy
Economy still slated for 2.5% growth with resilient external trade
Economy still slated for 2.5% growth with resilient external trade
Hang Seng Bank predicts 2.5% expansion of economy in 2025.
Employment slips in March
Total employment dropped by 14,500 persons from the previous year.
Consumer prices up 1.9% in May
Underlying inflation rate stood at 1%
Rising regulations push Hong Kong trust costs higher
Firms turn to RegTech as compliance burdens grow alongside private wealth opportunities.
GDP seen to decline by 1.5% with exports under strain
China's economy is also expected to slow, with GDP forecast to decline by 0.5% by the end of 2025.
HK on track to hit 3% export growth: HKTDC
Many exporters opted to “frontload” their orders in the early months of 2025.
Hong Kong rises to third in global competitiveness ranking
Its ranking in four competitiveness factors improved across the board.
Unemployment rate up 3.5% from March to May
The underemployment rate also inched up to 1.4%.
Hong Kong advances climate risk rules in corporate policy: report
This regulatory progress demonstrates its intention to institutionalise climate risk management in corporate governance.
Exports and imports rise double digits in April
Vietnam led export and import volume growth.
Hong Kong ranks 27th globally amongst top startup ecosystems
The number of startups reached a record 4,694 in 2024.
Businesses remain confident in regulatory compliance yet financially stressed
To remain competitive, nearly a quarter (25%) are considering acquisitions.
Business receipts rise by double digits for some service sectors in Q1
Two sectors, however, reported declines.
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%.
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