Economy
Proposed tax concessions get approval
Proposed tax concessions get approval
The measure to increase the child allowance was also passed.
3 in 4 SMEs expect sales growth in 2023
Business optimism has prompted 58% of SMEs to increase their headcount.
HK deposits dip 1.6% to $15.39t in February
Renminbi deposits decreased by 2.8% to RMB813.5b.
Mortgage loans up by 29.1% to $34.2b MoM
But loans for refinancing dipped by 8.8%.
Mainland tourists could drive Hong Kong’s retail market growth up
Growth in the retail market could reach 25% or pre-pandemic levels.
What can lead Hong Kong’s economy to rebound
Economists predict economic growth of 3.5%-4.0% for Hong Kong.
Exports value drops 8.8% YoY to $286.2b in February
The weak external environment contributed to the decrease.
Amended listing rules to compel Chinese tech firms to list on HKEX: report
This amidst the global political conflict between the US and China.
Business sentiment of HK exporters improve in Q123
The Hong Kong Export Index has risen by 9.3 points to 39.0.
Hong Kong is Asia’s most expensive business travel destination
Globally, the market is 16th priciest for business concerns.
China central bank to supports HK's bid to becoming an international finance hub
The bank provided conducive factors through its policies.
How Hong Kong plans to position itself as a greener city
The government will establish a green-tech committee as part of its efforts.
Business receipts of major service industries fall double digits in Q4
The import/export trade industry recorded the largest decrease of 21.6% YoY.
Gov’t to distribute first round of $3,000 vouchers in April
The remaining $2,000 will be given in July.
Foreign currency reserves hit US$429.1b in February
It contracted from the US$436.5b record in January.
Exports value falls 36.7% YoY to $290.9b in January 2023
The slackened external environment contributed to the fall.
Digital economy “a key driver” for HK growth: FS Chan
Secretary Chan also believes digitalisation will diversify the economy
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