The continued opening-up of the financial sector of the Chinese mainland, as well as likely improvements in consumption buoyed by recent stimulus measures, will be very important for winning back confidence of the broad international investment community, said David Solomon, chief executive officer of...
“These economic stimulus measures can enhance Hong Kong’s economic vitality and increase Government revenue yet will take time to implement and have an effect while the economy still faces challenges. We suggest the Government establish a public finances task force and a new taxes advisory committe...
October 13 2024 In charts: Hong Kong’s economy is struggling to recover lost ground Falling rates and Chinese stimulus offer glimmers of hope but the financial hub’s property, tourism and retail sectors are still suffering September 16 2024 ...
Hong Kong’s equity market hit a one-year high and led a surge in global stocks early Thursday, as the China-stimulus rally received further propulsion from a report Beijing was considering a $142 billion capital injection into the country’s big banks. The Hang Seng Index ...
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Hong Kong Private Sector PMI Highest in 1-1/2 Years The S&P Global Hong Kong SAR PMI rose to 52.2 in October 2024 from 50.0 in the prior month, marking the highest print since March 2023. New orders increased at the fastest pace in 1-1/2 years, attributed to stimulus policies in Ch...
HONG KONG, Oct. 2 (Xinhua) -- Shares listed in Hong Kong extended a historic rally on Wednesday with the benchmark Hang Seng Index jumping for the sixth straight day on the back of stimulus policies that boosted optimism over China's economy. ...
The economist added that the key drivers for New World’s surging shares are also owed to the stimulus measures coming out of China. The rally comes amid a broader rally in Hong Kong and Chinese equities in recent sessions following the slate of stimulus measures announced by China...
Hong Kong slipped to 6th place among major stock exchanges in the world by the dollar value of total IPO funds raised, from 3rd in 2022, according to a ranking by KPMG. Meanwhile, China's central bank held policy steady, despite some analyst...
Hong Kong tech stocks’ rally highlighted improved sentiments over the regulatory headwinds’ waning and prospect of more macroeconomic stimulus, especially those to revive the ailing property market. Earlier this month, China’s financial regulators announced end of a years-long regulatory revamp on Al...