Economy
Hong Kong rejects negative credit outlook rating
Moody's downgraded Hong Kong’s outlook rating from stable to negative.
Hong Kong rejects negative credit outlook rating
Moody's downgraded Hong Kong’s outlook rating from stable to negative.
HK, Saudi Arabia ink investment promotion pact
The pact will strengthen economic relations between the two markets.
Gov’t logs $172.9b deficit
The figure covers the first seven months of the current financial year.
Inflation up 2.7% in October
Composite CPI increased by 1.7% YoY.
Digitalisation is mandatory for competitive business
Digital transformation goes beyond technology as it encompasses cultural and operational shifts in the business landscape.
Unemployment rate rises to 2.9%
There were 115,800 unemployed people from August to October.
FS Paul Chan meets APEC finance ministers in San Francisco
Chan shared views on topics such as green and sustainable finance.
HK economy grows 4.1% YoY in 3Q23
Despite the increase, the government cut its 2023 economic growth forecast to 3.2%.
2023 GDP growth to be above 3%: FS Chan
Export of services will be the main growth driver for the rest of the year.
Foreign currency reserves hit US$416b in September
It increased from the US$415.7b record in September.
GDP up 4.1% in Q3: advanced estimates
Tourism and private consumption will underpin growth; exports remain weak.
Government logs $177.7b deficit in H1
The government expenditure was $355.6b from April to September.
More than 150 positions open in GBA fintech internship
Successful applicants will get a monthly subsidy of $12,000.
Business community welcomes 2023 policy address
HKTDC and HKPC have vowed to support measures laid out by the government.
Gov't unveil plans to reinforce HK's status as a financial and trade centre
Increasing trade with markets involved in the Belt & Road initiative will be a priority.
Exports value dips by 5.3% YoY to $380.3b in September
The pace of decline has picked up.
Gov’t allocates $10b for new industrialisation scheme
The fund will cover technological, creative, legal, and economic development initiatives.
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