Economy
Hong Kong to remain attractive to M&A
The US-China tensions made HK particularly attractive to Chinese companies, report says.
Hong Kong to remain attractive to M&A
The US-China tensions made HK particularly attractive to Chinese companies, report says.
Hong Kong sees over 56,000 new local firms in H1
The number of new local companies in the city is 11% higher than the last six months.
SMEs sentiments improve despite staying cautious
The diffusion index on business receipts inched up to 45.1 in June.
Hong Kong leads race to 'normalcy'
With a score of 96%, Hong Kong is the closest out of 50 areas to pre-pandemic normal.
Wealthy Hong Kongers to reach 831,000 by 2025
The global number of millionaires could go over 84 million in the next five years.
Inflation rate speeds up 1% in May
This is faster than 0.8% in April.
Hong Kong ranks 7th most competitive economy in 2021
This is two places down from its 2020 ranking
Hong Kong’s national income rises 7.5% to $722b in Q1
This was attributed to a net inflow of investment income.
How Hong Kong can capture opportunities in China’s 14th five-year plan
This will benefit sectors such as finance and technology amongst others.
Service industries pick up in Q1 but recovery remains “uneven”
Courier, warehousing and storage saw double-digit growth.
IMF affirms Hong Kong’s “resilient” financial system
But it flagged points of exposure to macro-financial risks.
HK-Georgia tax treaty to enter into force
The agreement will take affect on 1 July, after ratification procedures are completed.
Business optimism dented as SMEs “stayed cautious” in May
The diffusion index declined to 44.3 in May from 47.1 in April.
Daily Briefing: Malaysia goes into lock down; Vietnam suspends flights as new variant emerges
From AP:
Government records $10.6b fiscal deficit in first month
Fiscal reserves stood at $917.2b, as of end-April.
Virus resurgence may weigh down HK trade: analyst
The sector grew in April driven by stronger external demand.
US label requirement on Hong Kong goods deemed “discriminatory”: Gov’t
In a letter, the Hong Kong government asked the WTO to consider its position.
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