Economy
Gross national income up 7.1% YoY to $898.6b in Q4 2024
Gross national income up 7.1% YoY to $898.6b in Q4 2024
Hong Kong’s gross national income (GNI) grew 7.1% year-on-year to $898.6b in the fourth quarter of 2024, exceeding the 5.3% increase in gross domestic...
Trade volume declines in January
Exports to Vietnam surged by 65.9%.
Business receipts value up YoY in Q4 2024
A double-digit increase was recorded in financing, insurance, and transportation.
Diffusion index down to 42.1 in February
Business receipts DI fell for logistics and retail trade.
HK condemns new round of US tariff
It will result in a cumulative 20% duty.
More and bigger IPO deals in Hong Kong expected this year
The IPO pipeline will be bolstered by relaxed monetary policy.
Gov't introduces one-off tax cut for 2024/25 tax year
A 100% reduction in profits tax, salaries tax, and tax under personal assessment has been proposed.
Four in five Hong Kong entrepreneurs hold multiple residencies: report
HSBC said Hong Kong ranked second only to New York in terms of ultra-high-net-worth residents.
What analysts have to say about Hong Kong 2025-26 Budget
PwC and KPMG commend efforts to bolster AI and asset management sectors in Hong Kong.
HKPC, HKTDC back Budget’s push for innovation, SME growth
Both organisations reaffirmed their commitment to working closely with the government.
Hong Kong strengthens ties with Global South markets
It also aims to enhance collaboration with ASEAN and Middle Eastern markets.
Mainland firms urged to set up headquarters in Hong Kong
It will provide them one-stop professional consulting services.
Hong Kong's revenue forecast cut to $560b for 2024-25
Fiscal reserves are expected to drop to $647.3b by 31 March
Hong Kong halts sales of commercial sites
But this move “will be effective for the next five years only," a property analyst said.
Economy to grow 2.9% annually from 2026-29: FS Chan
Inflation rate is forecasted to be 1.5% in 2025.
Hong Kong to build $1b AI Research & Development Institute
The institute will be formed by the Digital Policy Office.
‘Strategic’ enterprises to invest $50b in Hong Kong and generate 20,000 jobs
The OASES will announce the new batch in March 2025.
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