Economy
HKTSP partners with MGI to build life science innovation platform in Hong Kong
MGI has also partnered with six scientific research institutions and enterprises in Science Park.
HKTSP partners with MGI to build life science innovation platform in Hong Kong
MGI has also partnered with six scientific research institutions and enterprises in Science Park.
Hong Kong launches new silver bonds batch
Each bond is priced at $10,000.
HKMA suspends banker for signature forgery on deposit form
He photocopied a customer's signature on a time deposit application form.
Guangdong gov’t to issue RMB5b bonds in HK
Proceeds from the two-year bonds will fund projects in Nansha, Guangzhou.
All sectors affected in Hong Kong’s real estate sales drop
Rising interest rates and geopolitical tensions challenge Hong Kong's property sector.
Gov't introduces 5% concessionary tax for IP development
The initiative aims to stimulate the commercialisation of IP.
Gov't seeks feedback for Kai Tak, East Kowloon mass transit systems
Since the 2023 Policy Address, the gov't has been laying the groundwork for the projects.
Exports value climbs 13.1% in July
There were significant gains in electrical machinery.
Consumer prices rise 2.5% YoY in July, accelerating from June’s increase
In June, prices rose by 1.5% YoY.
InvestHK projects 47% rise in Belt & Road companies’ presence in 2024
In H1 2024, 15% of newly-expanded firms in Hong Kong were from Belt and Road economies.
Unemployment rate stands at 3%
There were 117,800 unemployed people between May and July.
Economy grows 3.3% YoY in Q2 2024
Quarter-on-quarter, the economy grew by 0.4%.
Hong Kong population at 7.5 million in mid-2024
It recorded 34,400 births and 52,400 deaths between mid-2023 and mid-2024.
Diffusion index climbs to 41.8 in July, indicating SME growth
The index, however, remained in contractionary territory.
What expanding Hong Kong companies seek from advisory firms
Eight in 10 companies in the city plan to expand overseas in the next three years.
HKMA proposes simplification of three-tier banking system
It aims to simplify DTCs to second-tier institutions.
Hong Kong a ‘pivotal global financial hub’: Knight Frank
Its urban prosperity is the best amongst new wealth hubs.
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