Economy
Credit market sees growth in personal loans, mortgages
Credit market sees growth in personal loans, mortgages
Meanwhile, credit card and revolving line activities declined.
HK, Jordan sign tax agreement
Any tax paid in Jordan will be credited against the tax payable in Hong Kong.
Hong Kong launches silver bonds with 3.85% annual return
It has a target issuance size of $50b.
HK inflation eases to 1% in July
Declines were seen in clothing and footwear, durable goods, and basic food.
CPA Australia urges reforms to enhance Hong Kong's competitiveness
One of the key proposals includes introducing a Qualified Refundable Tax Credit for multinational enterprises.
HKMA study identifies AI and data analytics as key banking skills
Another key finding is the importance of a collaborative approach across the industry.
PwC urges policy action to boost Hong Kong’s global role
The recommendations come as Hong Kong’s economy shows modest recovery.
Economy up 3.1% in Q2 2025
Unemployment rate also rose to 3.5%.
SME business sentiment improves slightly in July
Revenue index rise 1.2% to 42.1 in July.
Nearly half of B2B credit sales now overdue: report
The report also said bad debts have surged, currently impacting 7% of B2B invoices.
Hong Kong economy expands 3.1% in Q2
This is the 10th consecutive quarter it saw an economic expansion.
HK’s foreign currency reserve declines by 1.52% MoM in July
It represents over five times the currency in circulation.
Hong Kong to achieve new economic breakthroughs: FS Chan
The city is restoring from pandemic and keep attracting talents.
Hong Kong exports rise 11.9% in June with Asia demand surge
Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.
Hong Kong inflation slows in June
Composite CPI continue to increase by 1.0% year-on-year.
Joint study reveals most firms miss Scope 3 emission baseline and mature transition plans
More than half do not report Scope 3 emissions.
Exports and imports rise in May 2025
Vietnam led import volume growth, whilst Taiwan led export volume growth.
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