Economy
China central bank to supports HK's bid to becoming an international finance hub
The bank provided conducive factors through its policies.
China central bank to supports HK's bid to becoming an international finance hub
The bank provided conducive factors through its policies.
How Hong Kong plans to position itself as a greener city
The government will establish a green-tech committee as part of its efforts.
Business receipts of major service industries fall double digits in Q4
The import/export trade industry recorded the largest decrease of 21.6% YoY.
Gov’t to distribute first round of $3,000 vouchers in April
The remaining $2,000 will be given in July.
Foreign currency reserves hit US$429.1b in February
It contracted from the US$436.5b record in January.
Exports value falls 36.7% YoY to $290.9b in January 2023
The slackened external environment contributed to the fall.
Digital economy “a key driver” for HK growth: FS Chan
Secretary Chan also believes digitalisation will diversify the economy
Hong Kong risks narrowing fiscal buffers amidst ‘sizeable’ spending plan
The city’s deficit is expected to remain wide for a longer period.
Consumer prices rise 2.4% YoY in January
The rate of increase picked up from December.
BUDGET 2023: HK faces ‘new stage’ toward economic growth
Secretary Chan added that the city’s financial system displayed resilience.
Budget 2023-24 aligned with government’s policy direction, says chief secretary
Some of the measures include consumption vouchers for eligible citizens.
BUDGET 2023: Hong Kong to allot $200m for New Energy Transport Fund
The government also plans a $350m subsidy to four in-harbour operators.
BUDGET 2023: HK to give $5k consumption vouchers to ease economic woes
The government will also hold off on increasing taxes.
BUDGET 2023: New spending plan backs Hong Kong’s recovery
Chief Executive John Lee said the budget measures will restore Hong Kong’s position as an investment hub.
BUDGET 2023: Hong Kong eyes higher cigarette tax
It was proposed to increase duty on cigarettes and other tobacco products by 60 cents per stick.
BUDGET 2023: $54.4b deficit seen in 2023/24
This is down from the estimated $139.8b deficit in 2022/23.
Budget 2023: FS Chan believes HK’s economy will rebound in 2023
He predicts the economy to grow by 3.5 to 5.5% for the whole year.
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