Hong Kong's economy shrank for the fourth straight quarter, contracting an annual 4.2%, advance government data showed on Wednesday, worse than economists' estimates as weakening global demand and ...
Hong Kong’s economy shrinks for 4th quarter, but recovery seen in 2023
Hong Kong's economy shrank for the fourth straight quarter, contracting an annual 4.2%, advance government data showed on Wednesday, worse than economists' estimates as weakening global demand and higher interest rates hit exports and spending.
Hong Kong’s Economy Shrank at Slower Pace in Fourth Quarter
Hong Kong’s economy contracted at a slower pace in the fourth quarter of 2022, partly owing to stronger growth in government consumption expenditure.
Hong Kong’s Economy Contracts in 2022 on Covid, Slowing Demand
Hong Kong’s economy contracted last year for the third time since 2019 as slowing global demand, rising interest rates and a prolonged exit from isolating Covid curbs weighed heavily on the financial hub.
Mortgage loans in Hong Kong drops by nearly 10% in December
Loans stood at HK$25.6b during the month, the Monetary Authority reported. Residential mortgage loans approved in December declined by 9.4% in December to HK$25.6b, the Hong Kong Monetary Authority ...
Hong Kong economy shrinks worse-than-expected 3.5 per cent in 2022 on weak external demand, advance figures show
Domestic demand slackened, dragged initially by Hong Kong’s fifth wave of Covid-19 cases and subsequently by tightened financial conditions, the spokesman said. “Looking ahead, the Hong Kong economy ...
Hong Kong’s Q4 GDP down 4.2% y/y, 4th quarter of contraction
Hong Kong's economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by ...
Hong Kong Based Brokerage Grandbay Capital Expects IPO Market To Pick Up In 2023
Grandbay Capital expect investors to have more IPO options to choose from this year, after a lean 2022. CENTRAL, HONG KONG, January 29, 2023 /einpresswire.com / -- Director of Institutional ...
China EV Makers Jump in Hong Kong, Extending Wall Street Rally
Shares of Chinese electric car makers jumped in Hong Kong on Wednesday, extending soaring overnight gains on Wall Street, driven in part by expectations of recovering sales in the world’s largest automobile market.
Hong Kong bans CBD, forcing businesses to shut or revamp
Hong Kong has banned CBD as a “dangerous drug” and imposed harsh penalties for its possession, forcing fledging businesses to shut down or revamp.
Higher Open Called For Hong Kong Shares
The Hong Kong stock market has moved lower in consecutive trading days, tumbling more than 840 points or 4 percent along the way. The ...
Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin
Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already ...
Hang Lung Properties says Hong Kong property recovery will not be ‘V-shaped’
Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.
Hong Kong Housing Slump Pushes Negative Equity to 18-Year High
The number of people in Hong Kong whose homes are worth less than their mortgages surged to an 18-year high as the financial hub struggles with the worst housing slump in more than a decade.