Economy
Hong Kong heads towards recession as August PMI sinks to 11-year low
Cutbacks in purchasing activity was the worst recorded since July 1998.
Hong Kong holds back capital outflows for now: Natixis
The HSI volatility index has shot up slightly above the VIX index, which reflects the global environment.
Singapore stands tall as beacon for rattled Hong Kong businesses
There is no secret of the tumultuous times in Hong Kong right now. Almost one third of the Hong Kong population has protested in the streets, fighting...
July exports shrunk 5.7% to $338.6b
Electrical machinery, apparatus and appliances, and electrical parts registered a 6.9% YoY decrease to $9.7b.
Composite interest rate down to 0.94% in July
This is due to decreases in weighted funding costs of deposits and interbank funds.
Hong Kong inflation remains unchanged at 3.3% in July
Hungry Hongkongers won’t be happy with the inflation rate of 12.8% for food prices.
Economic conditions in H1 weakest in a decade: government economist
Real GDP is expected to grow by a dismal 0-1% by the end of the year.
Total export volume down 5.2% in H1
Exports fell for the fourth straight month in June.
Mid-year population up 1% to 7.52 million
The number of residents rose by 73,100.
Possibility of recession looms for Hong Kong: Finance Chief
Ongoing social unrest and the escalating trade tensions place downward pressure on economic growth.
PMI sinks to decade-low 43.8 in July
This is due to sharp declines in both business activity and new orders and fall in input stocks.
GDP growth holds firm at 0.6% in Q2
This is due to weak performance of investments and low external demand.
Hong Kong trade deficit narrows to $244.2b for H1
Total trade exports and imports decreased by 3.6% and 4.5% in H1.
Inflation hits 3.3% in June
Surging pork prices drove inflation levels up.
Firms expect business situation to worsen in Q3: survey
Retail, accommodation and food services, and real estate sectors are bracing for the worse.
Secondary listings by Mainland firms to weigh on liquidity
Large IPOs in the pipeline and reduced aggregate balance still make liquidity conditions volatile.
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