Economy
Government rolls out subsidy for precious metals trading industry
This is said to provide relief to members and practitioners registered with CGSE.
Government rolls out subsidy for precious metals trading industry
This is said to provide relief to members and practitioners registered with CGSE.
Employment Support Scheme to disburse fifth batch of wage subsidies
This batch will receive an average wage subsidy of about $460,000.
Hong Kong ranked as sixth priciest market for expats globally
Prices dropped amidst a double whammy of the political unrest and the pandemic.
Local startup scene attracts overseas founders to set up in Hong Kong
Startups are getting a lot of opportunities from various subsidies and partnerships.
Hong Kong's IPO market reached $87.5b in H1 2020
This is a 22% increase from the same period in 2019.
Hong Kong, Thailand establish special travel arrangement
It aims to explore relaxation measures to resume cross-boundary business exchange.
Second batch of Employment Support Scheme subsidies released
Employers received a total of $6.5b to get through from June to August.
Average pay rose 2.2% in March
Only 39% of the companies reported a decline in wage rates.
Exports down 7.4% in May
Exports to Asia as a whole went down by 4.6%, led by the 45.5% drop in the Philippines.
Hong Kong crowned as most financial literate market globally
Locals’ financial literacy improves albeit weak money behaviour.
Inflation up 1.5% in May
Price growth of pork, vegetables and private housing rentals were weaker.
Balance of payments surplus more than doubled to $25.8b in Q1
However, gross external debt rose $53.5b.
Registration for cash payout scheme commences
Those that digitally applied for the scheme before end-June will receive the cash by 8 July.
GNI contracted 7.1% to $679b in Q1
Investment income inflow and outflow both fell.
Business receipts post double-digit declines in Q1
Receipt values of tourism, convention, and exhibition services plunged 78.4% in Q1.
Hong Kong's rich brace for ‘worst-case scenario'
The wealthy are opening offshore bank accounts and eyeing overseas property.
Hong Kong's Possible Loss of Special Status Reiterates Singapore's Stability
Hong Kong has taken a series of unfavourable hits in the last year, their unfortunate magnitude clear to see for the watching eyes of the world. The...
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