Economy
HKMA surpasses Singapore on highest forex reserves, ranks 7th globally
Hong Kong Monetary Authority reported HK$3.13t forex reserves in Q2 2023.
Gov't ties up with 20 enterprises to boost HK’s I&T ecosystem
The partnership will create about 10,000 jobs in the coming years.
HK lures 30 strategic enterprises to create 10,000 jobs: finance secretary
These companies will create 10,000 jobs in the market.
5 key strategies exporters plan to adopt to strengthen their resilience
Business sentiment amongst exports softened in 3Q23 due to weak global demand.
Exports value dips by 3.7% YoY to $358.3b in August
The pace of decline, however, has moderated.
Hong Kong economy to recover this year despite external headwinds – experts
The city’s economy expanded 1.5% YoY in 2Q23.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets.
Inflation up 1.8% YoY in August; Price hike seen in multiple categories
Without the effects of one-off relief measures, the inflation rate was lower.
6 steps to HK’s resurgence
PwC said the city still faces strong headwinds including slower-than-expected recovery of the Chinese Mainland economy.
Empathy is key to restore trust from Hong Kong’s diverse consumer base
Ipsos leader Javier Calvar said companies are becoming too greedy amidst inflationary pressures.
Hong Kong drops to No.2 spot in global economic freedom ranking
Improvement in its size of government boosted Singapore in the rankings.
Unemployment rate sits at 2.8%
There were 112,100 unemployed people from June to August.
Foreign currency reserves hit US$418.4b in August
It fell from the US$421.6b record in July.
Government opens professional services funding for non-profit organisations
This enables NPO projects aimed at fostering collaboration between Hong Kong's professional services sector and external counterparts.
Government opens professional services funding for non-profit organisations
This enables NPO projects aimed at fostering collaboration between Hong Kong's professional services sector and external counterparts.
About four out of 10 Hong Kongers say fraudulent messages are more common than ever
More than half of the millennial population experienced online threats in the past year.
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