Economy
HK economy grows 4.1% YoY in 3Q23
HK economy grows 4.1% YoY in 3Q23
Despite the increase, the government cut its 2023 economic growth forecast to 3.2%.
2023 GDP growth to be above 3%: FS Chan
Export of services will be the main growth driver for the rest of the year.
Foreign currency reserves hit US$416b in September
It increased from the US$415.7b record in September.
GDP up 4.1% in Q3: advanced estimates
Tourism and private consumption will underpin growth; exports remain weak.
Government logs $177.7b deficit in H1
The government expenditure was $355.6b from April to September.
More than 150 positions open in GBA fintech internship
Successful applicants will get a monthly subsidy of $12,000.
Business community welcomes 2023 policy address
HKTDC and HKPC have vowed to support measures laid out by the government.
Gov't unveil plans to reinforce HK's status as a financial and trade centre
Increasing trade with markets involved in the Belt & Road initiative will be a priority.
Exports value dips by 5.3% YoY to $380.3b in September
The pace of decline has picked up.
Gov’t allocates $10b for new industrialisation scheme
The fund will cover technological, creative, legal, and economic development initiatives.
HK talent engagement scheme attracts 160,000 applications
The government has outlined additional measures to continue to remain globally competitive.
Consumer prices rise 2% YoY in September
The rate of increase in September was faster than August's.
Gov’t registers 29 land transactions in Q3
The land transactions realised a total land premium of $4.8b.
Hong Kong’s full-year economic growth to be ‘weaker than expected’ – expert
The city’s GDP contracted by 1.3% QoQ in 2Q23.
Dah Sing Bank warns customers about fake ‘Dah Sing Finance’ website
Consumers are advised not to leak their personal information on the website.
ESG disclosures of Hong Kong-listed companies have matured: report
In 2022, no companies were labeled underdisclosed as opposed to 3.5% in 2021.
Gov’t allocates $100m to boost SME’s tech adoption and competitiveness
The services of SMEs will be enhanced in the next five years.
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