HONG KONG, Jan. 31 (Xinhua) -- Hong Kong's economy expanded 3.2 percent in 2023, boosted mainly by tourism and private consumption, according to advance estimates released by the Hong Kong Special Administrative Region (HKSAR) government. The recovery came after a contraction of 3.7 percent in...
HONG KONG, Feb. 28 (Xinhua) -- The Hong Kong economy will expand further this year, with growth of 2.5 to 3.5 percent in real terms for the year as a whole, Financial Secretary of China's Hong Kong Special Administrative Region (HKSAR) government Paul Chan said on Wednesday. Domestic co...
Since the outbreak of COVID‑19 pandemic, Hong Kong’s economy has fallen into a deep recession, and its GDP will record a negative growth again in 2022. Looking into 2023, risks and opportunities coexist. There are dawning signs of an end to the pandemic, and Hong Kong is resuming cus...
Hong Kong will give more handouts to consumers to support the city's recovery from a prolonged economic downturn induced by Covid-19 restrictions, Financial Secretary says.
More importantly, the Hong Kong government has missed the boat on fiscal stimulus to provide the much-needed support to the economy. Missed the Boat on Stimulus The stimulus announced so far only accounts for 0.7% of GDP, which is highly disproportionate to the current difficult time. After th...
October 24, 2023 | Microsoft Hong KongBy Cally Chan, General Manager of Microsoft Hong Kong and Macau The adoption of generative AI technology is rapidly changing the way businesses operate, and the financial sector is no exception. In Hong Kong, over 80% of Microsof...
Ruled by the British until 1997, Hong Kong retains a good deal of economic and political autonomy from Beijing. The Chinese and Western influences keep the culture and economy vibrant. At over 7.4 million people, Hong Kong is one of the largest cities in Southeast Asia. 2017's gross ...
Hong-Kong-economy are provided by Xinhua Silk Road, Xinhua Silk Road is the Belt and Road Portal of Xinhua News Agency.It’s also an authoritative website of the China’s silk road economic belt and the 21st Century Maritime Silk Road.
HONG KONG, May 3 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) government announced Tuesday that based on advance estimates, Hong Kong's economy decreased by 4 percent in real terms in the first quarter of 2022 from a year earlier. ...
October 25 2023 Hong Kong slashes property stamp tax to revive economy John Lee announces $2,556 cash handouts for new parents in bid to boost world’s lowest birth rate October 24 2023 Hong Kong developer declares end of ‘golden era’ for housing profits ...