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Hong Kong's currency-peg defense heightened to $4.34b
Hong Kong's currency-peg defense heightened to $4.34b
HKMA sold $2.79b (US$360m) of the city’s currency.
Total exports volume up 5.4% in February
Exports to Vietnam, Taiwan and China saw double-digit increases.
Unemployment rate widens to 4.2% in Q1
Food and beverage suffered the most with an 8.6% increase in unemployment rate.
Citibank launches special personal loan
Clients can apply for loans up to $30,000.
Cathay Pacific's passenger count drops 90% in March
Revenue passenger kilometres likewise fell by 84.3%.
Citi rolls out relief measures for customers
Clients are offered a one-month maturity extension for import trade loans.
Residential volumes tread new lows
COVID-19 hits luxury transactions harder than the mass market.
Hong Kong's leaders see combined income cut of 20% on virus
A portion of the income has been donated to a charity organisation.
Hong Kong may release more financial stimulus packages in 2020
Fiscal deficit of 9.5% of GDP to be expected this year due to additional spendings.
Worsening unemployment weighs on housing prices: JLL
Potential buyers will retreat on house buying.
Office market end users hold back investments due to COVID-19 outbreak
General market declined by 4.1% whilst commercial volumes fell.
Hong Kong named 5th largest IPO market
Hong Kong IPOs remained resilient in Q1 2020.
Gross national income up 1.6% to $3.02t in 2019
Hong Kong recorded a net primary income inflow of $148.2b.
Retail sales down 44% to $22.7b in February
The sector took a blow from the COVID-19 pandemic.
Hong Kong dollar scores best month since 2003 as local rates hold up
The HKD rose over 0.5% MoM in March.
Home prices fall the most in 15 months as virus spreads
This marks the third consecutive month of decline.
Hong Kong ranks 8th amongst favoured cities for cross-border investment
Around 75% of investors have retained appetite towards real estate.
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