Economy
Economy to contract by 0.7% in 2022: forecast
The GDP outlook got downgraded amidst a deteriorating external environment.
Economy to contract by 0.7% in 2022: forecast
The GDP outlook got downgraded amidst a deteriorating external environment.
HKTDC inks agreement facilitating economic exchange with Aomori Prefectural Government
The agreement will create opportunities for businesses in both locations.
Economy shrinks by 1.3% YoY in Q2
This marks the second consecutive quarter of GDP contraction.
Population dips 1.6% in H1 2022 amidst persistent low fertility rates
The plunge in birth rate in the last two years was attributed to the COVID-19 pandemic.
Gov't launches new round of Fintech training, subsidy scheme
Subsidy for each approved project increased to $150,000.
Business sentiment of SMEs ‘eases’ in July
The current diffusion index dropped to 43.4 during the month.
Consumption vouchers to be disbursed to 6.36 million people
They will receive the first instalment on 7 August.
GDP dips 1.4% YoY in Q2: advance estimates
The decline was due to the weak performance in external trade.
Exports value dip 6.4% YoY to $380.7b in June
The Census & Statistics Department said exports to the Mainland continued to fall.
SME leading business index up 11.4 points in Q32022: HKPC
All sub-indices rebounded during the quarter.
Gov’t rolls out upgraded health declaration system on 28 July
The launch is on a trial basis and will fast track quarantine procedures.
Total AUM may still grow amidst rise in China’s wealth: PwC, AIMA
Between 2009 and 2020, China’s wealth rose twelvefold.
Xi wants ‘one country, two systems’ unchanged
The Chinese leader said the principle was successful.
Lee seeks to strengthen HK status as international financial, trading centre
John Lee was sworn in as Hong Kong’s new leader.
HKEX to attract high-quality US-listed Chinese firms: PwC
Overall market capitalisation in Hong Kong reached $42t in 2021.
Businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
Average pay rate went up by 1.8% in March
More than half of firms posted an increase in their average wage rates.
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