Economy
Hong Kong, China to review adjustment in number of travellers at BCPs
The total daily number of travellers allowed to Mainland is 50,000.
Hong Kong’s gross national income inches up by 0.3% in Q3
The city’s GDP meanwhile dipped by 0.2%.
Exports to grow 5% in 2023: HKTDC
In 2022, exports declined by 6%.
Hong Kong may be hit by longer fiscal deficits
An analyst sees weaker growth and high government spending for longer.
SMEs’ business receipts diffusion index declines to 44 in November
It is expected to increase to 48.4 in December.
Gov’t to US: Withdraw erroneous ‘tariff measures as early as possible’
The global trade body said the tariffs on steel imports violated trade measures.
Global recovery boosts increases in inward, outward DI
Total inward and outward direct investments went up by 17% and 12.1%, respectively.
Hong Kong economy may expand by 3.5% in 2023: BEA
The economy is expected to contract by around 3% in 2022.
Government proposes measure to expedite development procedures
The bill outlined five directions to amend the current procedures.
External environment, cross-border travel disruption weigh business sentiment
Business receipts in the third quarter showed decreases, the C&SD reported.
What Hong Kongers are saving their money for?
Inflation, however, is hindering them to pursue these goals.
Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
Customs ratifies reciprocal trade facilitation for 13 markets
The government signed mutual recognition arrangement documents.
Gov’t deficit rises to $275.75b
In August, the deficit was at $183b.
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