|  NEWS

Economy

Hong Kong in 5th place in world’s most competitive economies

Hong Kong rose two positions to fifth in an annual global ranking of the world's most competitive economies, boosted by improved economic performance, which contributed to its rise in the standings.

Markets

HKMA holds key rate steady at 5.75%

The Hong Kong Monetary Authority (HKMA) kept its base rate the same via the overnight discount window at 5.75% on Thursday, following a move by the Federal Reserve to keep rates unchanged.

Markets

Hong Kong banks urged to upskill workers on AI

The central bank of Hong Kong has said artificial intelligence (AI) will redefine financial services in the city, and urges commercial banks to ready themselves for the impending AI revolution.

Economy

Hong Kong in 5th place in world’s most competitive economies

Hong Kong rose two positions to fifth in an annual global ranking of the world's most competitive economies, boosted by improved economic performance, which contributed to its rise in the standings.

Markets

HKMA holds key rate steady at 5.75%

The Hong Kong Monetary Authority (HKMA) kept its base rate the same via the overnight discount window at 5.75% on Thursday, following a move by the Federal Reserve to keep rates unchanged.

Markets

Hong Kong banks urged to upskill workers on AI

The central bank of Hong Kong has said artificial intelligence (AI) will redefine financial services in the city, and urges commercial banks to ready themselves for the impending AI revolution.

Economy

Hong Kong GDP up 2.7% in Q1

Hong Kong’s economy grew 2.7% in Q1 compared to the year before, according to the government on Friday, with tourism and key business and entertainment events set to boost growth for the remainder of the year.

Markets

House prices rise in Hong Kong in March

Last month private home prices in Hong Kong ended a 10-month decline, rising 1.1% from February, following the city's decision to lift restrictions aimed at bolstering the struggling property market.

Markets

Hong Kong's APEC Forum focuses on global supply chain

The APEC China Business Council Hong Kong Forum kicked off on Monday focusing on discussions about stabilising and optimising global industrial and supply chains, as well as advancing sustainable development.

Economy

Hong Kong forecasts 30% spike in tourism over 'golden week'

The tourism sector in Hong Kong is upbeat over their business prospects during the Labour Day' golden week' holiday in China.

Markets

Hong Kong govt. to unveil more steps to boost stock market

Hong Kong's Chief Executive John Lee has announced authorities are contemplating further steps to boost the securities market within the Asian financial hub.

Markets

Hong Kong's new home sales hit 11-year top

New home deals reached an 11-year high last month, indicating a potential revival for the property market following the removal of government cooling measures.

Economy

HKMA leaves key rate unchanged at 5.75%

On Thursday, the Hong Kong Monetary Authority (HKMA) opted to maintain its overnight discount window base rate at 5.75%, aligning with the decision of the US Federal Reserve to keep interest rates steady.

Markets

Alibaba to invest HK$5bn in Hong Kong's entertainment sector

Chinese multinational tech titan, Alibaba has committed to investing HK$5 billion in Hong Kong's entertainment industry to support its promotion to a global audience.

Economy

Hong Kong GDP up 2.7% in Q1

Hong Kong’s economy grew 2.7% in Q1 compared to the year before, according to the government on Friday, with tourism and key business and entertainment events set to boost growth for the remainder of the year.

Markets

House prices rise in Hong Kong in March

Last month private home prices in Hong Kong ended a 10-month decline, rising 1.1% from February, following the city's decision to lift restrictions aimed at bolstering the struggling property market.

Markets

Hong Kong's APEC Forum focuses on global supply chain

The APEC China Business Council Hong Kong Forum kicked off on Monday focusing on discussions about stabilising and optimising global industrial and supply chains, as well as advancing sustainable development.

Economy

Hong Kong forecasts 30% spike in tourism over 'golden week'

The tourism sector in Hong Kong is upbeat over their business prospects during the Labour Day' golden week' holiday in China.

Markets

Hong Kong govt. to unveil more steps to boost stock market

Hong Kong's Chief Executive John Lee has announced authorities are contemplating further steps to boost the securities market within the Asian financial hub.

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