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Website title: International Edition | South China Morning Post

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Tags: local newseconomychinahong kong

Message History

Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans
Hong Kong authorities have rolled out a fresh package of measures to support small and medium-sized enterprises (SMEs) reeling from the global fuel crisis and geopolitical tensions in the Middle East, including a 21 per cent increase in available bank lending to HK$450 billion (US$78.43 billion). The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, on Wedne...

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Hong Kong surplus hits HK$11 billion as finance chief ‘monitors’ Mideast war
Hong Kong’s financial chief has revised the city’s fiscal surplus for the previous year to HK$11 billion (US$1.91 billion), nearly four times the original estimate, saying the ongoing Middle East conflict had a limited impact on the economy with gross domestic product (GDP) growth remaining strong in the first quarter. Financial Secretary Paul Chan Mo-po also dismissed concerns ...

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Hong Kong urged to shift focus from tourist numbers to increasing spending
Researchers have urged Hong Kong to shift its focus from boosting visitor numbers to increasing tourist spending, as mainland Chinese arrivals rebound but adopt more selective consumption habits. Preliminary findings from a joint study by Hong Kong Polytechnic University and consultancy Think China, released on Tuesday, show mainland visitor arrivals have recovered to about 88 p...

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Hong Kong exports surge 35.8% in March, sharpest rise in over 5 years
Hong Kong’s exports rose by nearly 36 per cent year on year in March – the sharpest rate in more than five years – backed by what authorities described as “strong global demand” for AI-related electronic products and outpacing last month’s growth despite trade disruptions. According to the Census and Statistics Department, the total value of exports of goods rose by 35.8 per cen...

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Hong Kong insurers’ health in jeopardy as medical claims could double in decade
Medical claims paid by Hong Kong insurers could double within a decade, a study has warned, raising concerns over the sector’s sustainability. The findings, released on Tuesday, showed total medical claims in the city rose by more than 60 per cent between 2019 and 2023, driven largely by a surge in inpatient bills, especially for day procedures. “If such an increase continues at...

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