Economy
7 in 10 Hongkongers are optimistic about their financial health
They are more optimistic than Singaporeans.
7 in 10 Hongkongers are optimistic about their financial health
They are more optimistic than Singaporeans.
Number of applications for business support fund rising amidst return to normalcy
As of February 2023, HKPC approved around 5,700 applications.
Hang Seng increases HKD prime rate and savings rate starting 5 May
Amongst considerations in the adjustments is interbank rates.
Hong Kong Monetary Authority raises base rate to 5.5%
The growth came from a 25-point upward adjustment or a 3.28% average HIBORs.
Hong Kong Gov't issues 2.4m tax returns
Reductions from the amended Inland Revenue would reflect in their tax returns.
HK economy grows 2.7% in Q1Â
Q1 ended the four consecutive quarters of GDP decline.
Exports value dips by 1.5% YoY to $367.2b in March
The pace of decline, however, has moderated.
Unemployment rate drops to 3.1%Â
There were 115,100 unemployed from January to March.
Hong Kong CPI shrinks to 1.7% in March 2023
Food prices declined against a high benchmark caused by supply disruptions easing the city's inflation rate.
1 in 4 HKers expect business situation to be better in 2Q 2023
But one in ten anticipate the worst business conditions in the city.
Proposed tax concessions get approval
The measure to increase the child allowance was also passed.
3 in 4 SMEs expect sales growth in 2023
Business optimism has prompted 58% of SMEs to increase their headcount.
HK deposits dip 1.6% to $15.39t in February
Renminbi deposits decreased by 2.8% to RMB813.5b.
Mortgage loans up by 29.1% to $34.2b MoM
But loans for refinancing dipped by 8.8%.
Mainland tourists could drive Hong Kong’s retail market growth up
Growth in the retail market could reach 25% or pre-pandemic levels.
What can lead Hong Kong’s economy to rebound
Economists predict economic growth of 3.5%-4.0% for Hong Kong.Â
Exports value drops 8.8% YoY to $286.2b in February
The weak external environment contributed to the decrease.
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