Economy
Hong Kong's currency-peg defense heightened to $4.34b
HKMA sold $2.79b (US$360m) of the city’s currency.
Hong Kong's currency-peg defense heightened to $4.34b
HKMA sold $2.79b (US$360m) of the city’s currency.
Total exports volume up 5.4% in February
Exports to Vietnam, Taiwan and China saw double-digit increases.
Hong Kong's leaders see combined income cut of 20% on virus
A portion of the income has been donated to a charity organisation.
Hong Kong may release more financial stimulus packages in 2020
Fiscal deficit of 9.5% of GDP to be expected this year due to additional spendings.
Hong Kong named 5th largest IPO market
Hong Kong IPOs remained resilient in Q1 2020.
Gross national income up 1.6% to $3.02t in 2019
Hong Kong recorded a net primary income inflow of $148.2b.
Hong Kong dollar scores best month since 2003 as local rates hold up
The HKD rose over 0.5% MoM in March.
Government to introduce second round of financial assistance
But SMEs could suffer from the new measures to control the COVID-19 outbreak. Hong Kong's government will introduce a second round of financial...
Lack of government support could turn Hong Kong's economy for the worse
Its $19b fiscal stimulus package might be too small and regressive, according to experts.
Exports down 22.9% in January
Double-digit declines were recorded in the USA, Japan, the Mainland and Taiwan.
Hong Kong, Singapore, Osaka hailed world's costliest cities for expats
Asian cities continue to have the most expensive groceries.
Hong Kong lags Singapore as freest economy in the world
Free economies are said to enjoy incomes more than double the global average.
Nearly 3 in 5 firms fear virus crisis could spur restructuring
But for now, hiring continues for 63% of companies.
PMI sinks to lowest since 1998
GDP is expected to contract at an annual rate of nearly 5%.
Only 1 in 10 bosses bullish on global growth: survey
About 79% cited changing consumer behaviour as the top threat to their businesses’ growth.
HKMA cuts benchmark interest rate to 1.5%
It was in line with the US Fed’s cuts in response to the virus outbreak.
Hong Kong runs fiscal deficit for first time in 15 years
The government expects the deficit to widen to 4.8% of the GDP for next year.
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