Economy
Trade jitters and bearish equities weigh heavily on Hong Kong's 2019 GDP growth forecast
The economy is poised to grind to a halt at 3% in 2019 from 4.7% in Q1.
Trade jitters and bearish equities weigh heavily on Hong Kong's 2019 GDP growth forecast
The economy is poised to grind to a halt at 3% in 2019 from 4.7% in Q1.
Hong Kong joins Australia and Canada as world's riskiest housing markets
Household debt accounts for nearly half of the SAR’s GDP.
Hong Kong is the world's third most attractive financial center as Asia outperforms weakening Europe
The SAR is set to pounce on London who’s been losing luster due to Brexit.
Accommodation and retail sectors lead Q2 charge in business receipts
They booked double-digit growth at 16.5% and 12.4% respectively.
Hong Kong dislodges New York as home to the largest ultra-rich population in the world
There are around 10,010 people in the SAR with a net worth of over $30m in 2017.
PMI hits 48.5 in August as demand dries up
Business confidence plunged to a near two-year low.
Exports recover after surging 10% to $359.1b in July
This comes from a mere 3.3% export growth in June.
Hong Kong inks 15 agreements with Shanghai to boost growth
The deals aim to spur cooperation in legal, cultural, tech, education and finance.
Inflation picks up for seventh straight month at 2.4% in July
Food prices rose at a faster pace at 4.8%.
Australia to ink free trade deal with Hong Kong
Two-way trade between the pair is around $93.44b.
Unemployment rate steady at 2.8% in May-July
This translates to around 114,700 unemployed Hong Kongers.
Beijing to launch smart cards for Mainland-based Hong Kongers in GBA push
Cardholders will enjoy same access to public services as Mainland counterparts.
California embraces Hong Kong market as trade war squeezes export options
US cherries sold in the SAR in August were around 10% cheaper than last summer.
Hong Kong's startup growth hit by weak Greater Bay Area links
Homegrown firms have trouble accessing new markets which could open the doors for talent and suppliers.
Hong Kong mid-year population up 0.8% to 7.45 million
Birth numbers (55,000) outweighed mortality rates (47,300).
Hong Kong is more liveable than Singapore
The SAR is at 35th place whilst the Lion City is at 37th.
GDP growth slows to 3.5% in Q2 as trade war eats into exports
Around $136b of total exports stand at risk.
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