Hong Kong's Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and China's economic outlook improves, Hong Kong's financial secretary said on ...
Hong Kong unveils budget, promising ‘abundant opportunities’ as city recovers
Hong Kong's Financial Secretary Paul Chan struck a positive tone on Wednesday as he revealed the city's budget.
Hong Kong unveils US$97bn recovery budget
Betting on a rebound - On its path to recovery, Hong Kong has made restoring its business-friendly reputation and reversing an exodus of both expatriate and local workers top priorities. In three ...
Hong Kong hands out cash, cuts duties despite larger deficit
Hong Kong is set for back-to-back deficits but will give cash handouts and ease stamp duties for first time property buyers, to support an economy buffeted by prolonged COVID-19 restrictions, the city ...
Hong Kong gives first-home buyers a leg-up with ‘adjustment’ to decade-old duty
Adjustments aimed at 'easing the burden on ordinary families of purchasing their first residential properties', Paul Chan says Measure effective immediately, will benefit 37,000 buyers and cost the ...
Hong Kong banks hit by China’s property exposure
Banks remain uncertain whether China’s policy measures could bring a meaningful recovery in property demand. (Reuters pic) HONG KONG: Hong Kong-listed banks have reported an increase in expected ...
Hong Kong residents to receive new HKD 5,000 consumption voucher
This includes supermarkets, restaurants, beauty salons, public transport, and more. It’s also accepted in online platforms that allow payment by Alipay Hong Kong, BoC Pay, Octopus, PayMe, HSBC, Tap & ...
HSBC’s Defense Is Sturdier Than Standard Chartered’s
HSBC Holdings Plc and Standard Chartered Plc both have unwanted attention from outsiders: HSBC’s biggest investor is demanding a breakup, and a potential suitor from Abu Dhabi is threatening the ...
Hong Kong Budget 2023: City expects to see HK$140 billion deficit, but ‘visible rebound’ in economy expected
The Hong Kong government expects to record a deficit of HK$140 billion in 2022-23, more than double the HK$56 billion initial estimate. The estimated fiscal deficit was revealed by Financial Secretary ...
Hong Kong flags handouts to support recovery from COVID shock
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 Paul Chan announced in the ...
Hong Kong GDP to grow 3.5%-5.5% in 2023 – financial sec
HONG KONG (Reuters) - Hong Kong's economy is expected to grow 3.5%-5.5% this year after shrinking 3.5% in 2022, as it leaves behind COVID-19 restrictions that had isolated the city from the rest of ...
Hong Kong Cuts Tax Rates for First-Time Home Buyers
Hong Kong is lowering the tax rate for first-time buyers of properties under HK$20 million ($2.5 million) in a bid to help people climb the housing ladder. Financial Secretary Paul Chan announced the ...
Hong Kong to allocate 50m HKD to speed up Web3 development
Web3, currently in its start-up period, has huge potential and Hong Kong must keep up with the times and seize this golden opportunity to spearhead innovation development, Chan said when delivering ...
BNP Paribas says it’s more positive on mainland China than on Hong Kong this year
Manishi Raychaudhuri of the French bank discusses the "two big themes" it's playing in China. Like us on Facebook to see similar stories Please give an overall site rating: ...