Economy
Q2 current account surplus more than doubled to $37.8b
Q2 current account surplus more than doubled to $37.8b
This was due to a decline in the goods deficit and growth in the net inflow of primary income.
External debt hits $12.76t in Q2
However, the banking sector’s ED dipped.
Financial non-reserve assets hit $38.1b in Q2
External financial abilities and assets also stood at $42.96t.
Hong Kong amongst world's rising stars for trade potential: StanChart
The city nearly broke into the world’s top 10.
Inflation hits 3.5% in August
Food prices soared 14.2% in August.
Hong Kong still the world's third best financial centre
It has the top investment management sector worldwide.
Jobless rate unchanged at 2.9% in June-August
This translates to 120,000 unemployed individuals.
National income rises in Q2 as mainland investments flood Hong Kong
The total inflow of primary income recorded a 4.1% YoY rise to $478.2b during this period.
Hong Kong retains crown as world's freest economy for the 37th year
The city bested 116 other economies in international trade freedom and regulations.
Real estate and insurance industries saw double-digit growth in business receipts in Q2
Business receipts in nine out of 15 service industries went up in value.
Hong Kong economy may post 0% growth in 2019
However, GDP growth may recover 1.2% by 2020.
Hong Kong heads towards recession as August PMI sinks to 11-year low
Cutbacks in purchasing activity was the worst recorded since July 1998.
Hong Kong holds back capital outflows for now: Natixis
The HSI volatility index has shot up slightly above the VIX index, which reflects the global environment.
Singapore stands tall as beacon for rattled Hong Kong businesses
There is no secret of the tumultuous times in Hong Kong right now. Almost one third of the Hong Kong population has protested in the streets, fighting...
July exports shrunk 5.7% to $338.6b
Electrical machinery, apparatus and appliances, and electrical parts registered a 6.9% YoY decrease to $9.7b.
Composite interest rate down to 0.94% in July
This is due to decreases in weighted funding costs of deposits and interbank funds.
Hong Kong inflation remains unchanged at 3.3% in July
Hungry Hongkongers won’t be happy with the inflation rate of 12.8% for food prices.
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