Economy
HK adds Xi'an, Qingdao cities to Individual Visit Scheme
The expansion will help boost tourism and benefit industries such as hotels and retail.
HK adds Xi'an, Qingdao cities to Individual Visit Scheme
The expansion will help boost tourism and benefit industries such as hotels and retail.
Consumer prices increase 1.7% YoY in January
Compared to December 2022, the increase in inflation was more moderate.
HKTDC outlines priorities to boost global business, C&E hub
Amongst the focus areas is strengthening presence in the GBA.
EU removes HK from tax cooperation watchlist
The city’s removal follows the implementation of a new foreign-sourced income exemption regime.
Population grows by 0.4% in 2023
The government attributed the increase to the net inflow of 51,700 residents.
Unemployment rate stands at 2.9%
There were 102,600 unemployed people from November 2023 to January.
Foreign investments in China down to 18-year low in 2022
One of the primary hurdles is the language barrier.
CPA Australia urges Hong Kong to enhance business competiveness in budget
The committee also expects Hong Kong to address the deficit in Budget 2023-24
Provisional retail sales up 7.8% YoY in December 2023
For the whole year, Hong Kong saw a 16.2% increase in retail sales value.
Economy grows 4.3% YoY in 4Q23
For the whole of 2023, GDP grew 3.2% YoY.
These are the best and worst performing sectors in Hong Kong according to StandChart's SME Index
Finance and Insurance was the best performing sector for the first quarter.
Hong Kong launches 1st gas-powered food waste processing machine
It will reduce food waste by over 90%.
Exports value rises 11% YoY to $386.4b in December 2023
The pace of increase has picked up.
HK, Croatia inks tax agreement
This will serve as a guide for investors on potential tax liabilities.
Gov’t introduces new measures to bolster financial ties with China
These measures will also benefit Hong Kong’s status as an international financial centre.
Consumer prices rise 2.4% YoY in December
The December inflation is lower than the November record of 2.6%.
Jobless rate unchanged at 2.9%
The total number of unemployed people stands at 105,700.
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