Economy
Exports down 7.4% in May
Exports to Asia as a whole went down by 4.6%, led by the 45.5% drop in the Philippines.
Hong Kong crowned as most financial literate market globally
Locals’ financial literacy improves albeit weak money behaviour.
Inflation up 1.5% in May
Price growth of pork, vegetables and private housing rentals were weaker.
Balance of payments surplus more than doubled to $25.8b in Q1
However, gross external debt rose $53.5b.
Registration for cash payout scheme commences
Those that digitally applied for the scheme before end-June will receive the cash by 8 July.
GNI contracted 7.1% to $679b in Q1
Investment income inflow and outflow both fell.
Business receipts post double-digit declines in Q1
Receipt values of tourism, convention, and exhibition services plunged 78.4% in Q1.
Hong Kong's rich brace for ‘worst-case scenario'
The wealthy are opening offshore bank accounts and eyeing overseas property.
Hong Kong's Possible Loss of Special Status Reiterates Singapore's Stability
Hong Kong has taken a series of unfavourable hits in the last year, their unfortunate magnitude clear to see for the watching eyes of the world. The...
Hong Kong is still the world's priciest market for expats
Currency movements measured against the US dollar drove up the cost of living.
PMI improves to 43.9 in May but business outlook remains bleak
Firms are still worried about the long-term effects of the pandemic.
Businesses adapt to the time of Corona
Hong Kong business leaders reveal how they are coping, and adapting, to the new environment.
Startup funding goes low key amidst COVID-19 and social unrest
The total value of startup deals hit $9.84b, a 39% YoY drop compared to last year.
Rich Chinese shun Hong Kong to seek asset safety elsewhere
Some are looking to move their offshore wealth base to Singapore and Switzerland.
SGX plunges to 17-year low as MSCI signs pact with HKEX
The move deals a blow to SGX, which considers the Hong Kong bourse one of its main rivals.
Inflation eases to 1.9% in April
This was partly attributed to a smaller climb in private house rents.
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