Hong Kong economy

The government wants to further open up Hong Kong.

This is due to the rising cost of capital and tightening monetary conditions amongst others. 

This is a reversal from the growth in the previous four quarters.

This shows HKEX's commitment to building efficient tech solutions.

The UK think tank Z/Yen and the China Development Institute authored the report.

Gilford Law is the new Hong Kong Economic and Trade Office Director-General.

The jobless rate further dropped to 5% between May and July 2021.

The strict COVID-19 measures are expected to dampen the city’s economic growth.

This is thanks to the contained epidemic situation, as well as Hong Kong’s economic recovery.

The city’s GDP expanded by 7.5% in the second quarter from 7.9% previously.

The recent surge, however, may dampen recovery in some markets.

The unemployment rate has been declining for four consecutive months since March.

This is thanks to a low base year and growing external demand.

This is the fourth consecutive month that the unemployment rate declined.

Around 17% expect the situation to improve against 11% that expect otherwise.

The US-China tensions made HK particularly attractive to Chinese companies, report says.