|  NEWS

Business

HK banking sector outlook up from “neutral” to “improving”

According to Fitch Ratings, the outlook for Hong Kong’s banking sector has been revised from “neutral” to “improving”, reflecting banks’ stronger earnings forecasts in the second half of 2023.

Markets

Hong Kong’s unemployment rate falls to 3%

The unemployment rate in Hong Kong fell to 3% between February and April

Economy

Hong Kong GDP grows 2.7% in Q1

Chief Executive John Lee said that the Hong Kong economy grew 2.7% in Q1 to end four straight quarters of contraction.

Business

HK banking sector outlook up from “neutral” to “improving”

According to Fitch Ratings, the outlook for Hong Kong’s banking sector has been revised from “neutral” to “improving”, reflecting banks’ stronger earnings forecasts in the second half of 2023.

Markets

Hong Kong’s unemployment rate falls to 3%

The unemployment rate in Hong Kong fell to 3% between February and April

Economy

Hong Kong GDP grows 2.7% in Q1

Chief Executive John Lee said that the Hong Kong economy grew 2.7% in Q1 to end four straight quarters of contraction.

Markets

US rate hikes won't affect HK Dollar: HKMA spokesperson

According to Chinese media reports, US rate hikes won't impact Hong Kong's currency or financial stability, and the aggregate balance of the city's banking system is stable.

Politics

HK finance official to visit UK for first time in three years

One of Hong Kong's top financial officials is due to visit the UK this month, the first ministerial-level visit from an official from the city in over three years, according to the government.

Markets

More gains for Hong Kong’s residential property market

The residential property market in Hong Kong has registered gains for two straight months, driving prices to a four-month high.

Economy

Hong Kong hikes benchmark rate

The Hong Kong Monetary Authority (HKMA) increased its base rate by 25 basis points to 5.25% on Thursday after the US Federal Reserve announced a rate hike of the same margin.

Economy

HK residents to receive electronic consumption vouchers in April

The Hong Kong government is set to distribute the first lot of electronic consumption vouchers worth HK$3,000 ($382) on 16th April and the second instalment of HK$2,000 three months later.

Economy

Hong Kong’s retail sales grow for second straight month

Retail sales in Hong Kong increased in January for the second consecutive month on improved consumer sentiment.

Economy

Hong Kong under "tremendous pressure" to rein in spending as deficit soars

Hong Kong is facing pressure to curb spending as it unveils the annual budget on Wednesday after accumulating massive fiscal deficits during the pandemic.

Business

Security law clauses added to land sales in Hong Kong

National security clauses have been added to land sale and short-term rental documents by Hong Kong's Lands Department

Business

HK banking sector outlook up from “neutral” to “improving”

According to Fitch Ratings, the outlook for Hong Kong’s banking sector has been revised from “neutral” to “improving”, reflecting banks’ stronger earnings forecasts in the second half of 2023.

Markets

Hong Kong’s unemployment rate falls to 3%

The unemployment rate in Hong Kong fell to 3% between February and April

Economy

Hong Kong GDP grows 2.7% in Q1

Chief Executive John Lee said that the Hong Kong economy grew 2.7% in Q1 to end four straight quarters of contraction.

Markets

US rate hikes won't affect HK Dollar: HKMA spokesperson

According to Chinese media reports, US rate hikes won't impact Hong Kong's currency or financial stability, and the aggregate balance of the city's banking system is stable.

Politics

HK finance official to visit UK for first time in three years

One of Hong Kong's top financial officials is due to visit the UK this month, the first ministerial-level visit from an official from the city in over three years, according to the government.

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