In Focus
Hong Kong’s national income rises 7.5% to $722b in Q1
Hong Kong’s national income rises 7.5% to $722b in Q1
This was attributed to a net inflow of investment income.
How Hong Kong can capture opportunities in China’s 14th five-year plan
This will benefit sectors such as finance and technology amongst others.
Service industries pick up in Q1 but recovery remains “uneven”
Courier, warehousing and storage saw double-digit growth.
Here’s five focus areas of HKMA’s Fintech 2025 strategy
The HKMA eyes fully digital banks, next-generation data infrastructure and more.
Wealth Management Connect now in the “home stretch”: SFC
The scheme will allow cross-boundary investment in wealth products of banks in the Greater Bay Area.
Hong Kongers asked: What makes an ideal employer?
More than 3 in 5 Hong Kongers sought “attractive salary and benefits” from ideal employers.
10 firms that made it in HK’s most attractive companies
The Hong Kong Jockey Club topped the list for the first time in 2021.
Retail sales up 12.1% in April but still below pre-COVID levels
The pause on inbound tourism continues to drag retail sales.
US label requirement on Hong Kong goods deemed “discriminatory”: Gov’t
In a letter, the Hong Kong government asked the WTO to consider its position.
Cruisin’ together: Hong Kong to resume “cruise-to-nowhere” by end-July
Cruises may operate with at 50% maximum capacity.
Hong Kong workforce sees lowest pay hike since 2008: Survey
Salary increments this year only averaged +0.4%, according to JobsDB.
Rising COVID cases burst HK-SG travel bubble anew
The May 26 target date has been postponed.
Government sees “significant” drop in Hong Kong jobless
The unemployment rate stood at 6.8% in March, down from the record of 7.2%.
Commercial property sales rise to US$1.4b as investment deals pick up
This is a 28% increase compared to the same quarter last year.
Hong Kong ranks third most preferred seat for cross-border disputes
This is a place higher compared to the previous global survey in 2018.
All is “not rosy” despite higher-than-expected economic growth
The 7.8% YOY GDP growth was above the 3.7% Bloomberg estimate, but it will take more than that to return Hong Kong to more prosperous times.
Retail outlook still challenged despite 20.1% rise in March sales
The value of total retail sales amounted to $27.6b during March of 2021.
Commentary
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