Economy
Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
Customs ratifies reciprocal trade facilitation for 13 markets
The government signed mutual recognition arrangement documents.
Gov’t deficit rises to $275.75b
In August, the deficit was at $183b.
Exports value drop 10.4% YoY to $374.77b in October
The deterioration of the external economic environment contributed to the fall.
Global financial leaders looking to hire more HK talent: Chan
The financial leaders' summit boosted the market's financial status.
Consumer prices up 1.8% in October but ‘smaller’ compared to September: C&SD
The increase in September 2022 was at 4.4%.
Joblessness drops to 3.8% between August and October
The total number of unemployed people stands at 147,400.
Industrial assets boost deals growth in Hong Kong: Colliers
There were 25 major deals with transaction volumes soared by 93%.
HK, Peru to kick start free trade pact negotiations on January 2023
The first round of talks will cover subjects such as trade in goods.
More Chinese, HK next gens set up ventures outside of family businesses
PwC said 20% of Hong Kong NextGens have their own businesses.
Volume of total exports down 15.3% YoY in September
Imports of goods also went down by 14% over September last year.
Hong Kong ponders lifting of more COVID restrictions
The government wants to further open up Hong Kong.
SME business optimism improves in October
But, next month’s expectations are more cautious.
Trade department increases business fund schemes
This covers the Bud Fund and EMF.
Hong Kong’s economic growth hinges on travel recovery
Advanced GDP estimates showed a drop of 4.5%.
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