Survey from American Chamber of Commerce also finds 79 per cent of respondents have no intention of moving headquarters in next three years.
China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth
Local companion’ services offer access to authentic experiences but industry players warn of consequences for those working illegally.
Hong Kong should offer tax benefits to cross-border e-commerce platforms to attract such businesses and look at reviewing the civil service as ways to boost the economy, accounting firm Deloitte has suggested ahead of upcoming budget announcements.
The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
The London Metal Exchange (LME) on Monday added Hong Kong as one of its global warehouse locations to meet growing demand for the physical exchange of metals between mainland China and the rest of the world,
To promote business collaboration and bilateral cooperation between the Hong Kong Special Administrative Region (HKSAR) and Indonesia, Mr Paul Chan, Financial Secretary of the HKSAR, visited Indonesia from January 8 – 10.
City’s finance chief also met United Arab Emirates’ minister of state for foreign trade to discuss bilateral cooperation.
The International Monetary Fund lowered its forecast for Hong Kong’s economic growth this year and warned of the risks Asia’s financial capital faces as it integrates more closely with mainland China.
Asian equities mostly rose Thursday (Jan 23), cheered by another tech-fuelled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.
With harvests continuing and demand soaring ahead of Lunar New Year, the volume of cherry exports to Asia is expected to climb further before the season ends.