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Continued IPO boom underpins Hong Kong's financial strength despite global volatility
With the debut of Baidu Inc. on Tuesday, Hong Kong's fund-raising market has appeared to maintain its momentum over recent months and will likely climb to a new height this year, further proof of the strength of the financial hub despite global volatility.
Hong Kong rises to 4th place among world's financial centers
Hong Kong moved up one place to fourth in the 29th edition of Global Financial Centers Index (GFCI 29) published by the British think tank Z/Yen Group and China Development Institute in Shenzhen on Wednesday.
Hong Kong to take GBA dev. as best entry to integrate into national dev., officials
Hong Kong will take the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as the best entry point to better integrate into the national development, which will bring continuous impetus to its economy, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Carrie Lam said recently.
Hong Kong's retail sales fall 13.6 pct in January 2021
The value of total retail sales in Hong Kong in January this year, provisionally estimated at 32.6 billion HK dollars, decreased by 13.6 percent compared with the same month in 2020, the Hong Kong Special Administrative Region (HKSAR) government announced on Wednesday.
Hong Kong Tourism Board announces 146-mln-USD strategies to boost tourism
The Hong Kong Tourism Board (HKTB) will roll out short-term and medium-to-long-term strategies worth over 1.13 billion Hong Kong dollars (about 146 million U.S. dollars) to boost tourism, a senior executive said when announcing the board's business plan for year 2021/22 on Wednesday.
Hong Kong aims to launch southbound Bond Connect in 2021: finance secretary
Paul Chan, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Wednesday that Hong Kong aims to launch the southbound trading of Bond Connect this year.
Hong Kong to raise trading stamp duty
Hong Kong will raise the trading stamp duty to 0.13 percent, a senior official of the Hong Kong Special Administrative Region government said Wednesday.
Hong Kong to see budget deficit again in 2021-22 financial year
The government of China's Hong Kong Special Administrative Region (HKSAR) is expected to see a deficit of 101.6 billion Hong Kong dollars (about 13 billion U.S. dollars) for the 2021-22 financial year, the third straight year with a budget deficit.
Hong Kong suspends import of poultry products from bird flu-affected areas in S. Korea, Germany, Poland
Hong Kong's food safety authority decided on Friday to suspend the import of poultry meat and products from bird flu-affected areas in South Korea, Germany and Poland.
Mainland-made Sinovac COVID-19 vaccines arrive in Hong Kong
The first batch of mainland-manufactured COVID-19 vaccines arrived in Hong Kong on Friday afternoon, which, as the first vaccines available here, will enable the financial hub to start inoculating its residents next week.
Hong Kong's economy sees slowdown in contraction amid rising PMI
Hong Kong economy's contraction sees pacing down at the start of 2021, amid the rising of the latest benchmark index, according to London-based consulting firm IHS Markit on Wednesday.
Hong Kong's countercyclical capital buffer ratio remains at 1 pct
Chief Executive of the Hong Kong Monetary Authority Eddie Yue announced on Thursday that the countercyclical capital buffer (CCyB) ratio for Hong Kong remains unchanged at 1 percent.
Hong Kong suspends import of poultry products from bird flu-affected areas in India, France, Poland
Hong Kong's food safety authority decided on Wednesday to suspend the import of poultry meat and products from bird flu-affected areas in India, France and Poland.
HKSAR financial chief expects Hong Kong's economy to resume positive growth in 2021
Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong's economy is expected to resume positive growth in 2021, noting that the epidemic is the most critical variable in the speed and strength of economic recovery.
Hong Kong's total retail sales down 4 pct yoy in November 2020
Hong Kong's value of total retail sales in November 2020 decreased by 4 percent compared with the same month in 2019, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government announced on Monday.
China's major broadcaster launches Asia-Pacific branch in Hong Kong
The China Media Group (CMG), China's major broadcaster, launched its Asia-Pacific branch and the sub-branches of Hong Kong and Macao special administrative regions on Saturday in the two cities via "cloud links."
China's central bank to issue 10 bln yuan of bills in Hong Kong
China's central bank plans to issue 10 billion yuan (about 1.53 billion U.S. dollars) worth of bills in Hong Kong on Wednesday.
Trade council predicts Hong Kong exports up 5 pct next year
The Hong Kong Trade Development Council (HKTDC) forecast that Hong Kong's exports in 2021 will grow 5 percent year-on-year as global trade is expected to gradually recover and mainland markets will also provide a major boost.
Hong Kong, mainland studying framework of Southbound Bond Connect
The Hong Kong Monetary Authority (HKMA) is studying the framework of Southbound Bond Connect with the People's Bank of China (PBOC), an HKMA spokesperson said Wednesday.
Hong Kong holds online forum on B&R opportunities, economic recovery
The two-day Belt and Road Summit organized by the Hong Kong Special Administrative Region (HKSAR) government started Monday online, focused on Belt and Road (B&R) opportunities and the global economic recovery after the COVID-19 pandemic.
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