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Hint of optimism as HK's Feb private sector PMI above 50
HONG KONG (China Daily/ANN): Hong Kong’s private sector showed signs of improvement in February as Covid-19 infections eased and businesses expanded in the first sign of 12-month-outlook optimism since the start of 2018, IHT Markit said on Wednesday (March 3)
Innovation, not low costs, will energise Hong Kong stock market, finance chief says in defending tax increase
Paul Chan doubles down on commitment to raising the stamp duty on stock transactions to 0.13 per cent on August 1, in spite of objections from the industry‘We are not in a race to compete on low costs, instead, we need to come up with innovative policies,’ he says
Hong Kong finance chief warns of jobless rate spike as epidemic continues
HONG KONG, Jan. 17 (Xinhua): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said here on Sunday that the jobless rate in Hong Kong will climb further as businesses and workers are still struggling amid the Covid-19 epidemic.
With businesses hammered by social-distancing measures, Hong Kong unemployment rate to rise again: government economist
HONG KONG, Jan 9 (SCMP): But while further Covid-19 relief measures can be expected in next month’s budget address, they will be of the targeted variety, says Andrew AuHopes for recovery in 2021, meanwhile, hinge on global vaccinations and the city’s ability to piggyback on mainland China growth, webinar hears
Hong Kong expected to play key financial role in Greater Bay Area
HONG KONG (Xinhua): Hong Kong has multiple advantages to push forward the development of financial services and innovation and technology in the Guangdong-Hong Kong-Macao Greater Bay Area, said Paul Chan Mo-po, the city's financial secretary, on Sunday (Dec 27).
Finance chief: Hong Kong strives to join RCEP
HONG KONG (China Daily/ANN): Hong Kong hopes to be part of the first group of economies to join the Regional Comprehensive Economic Partnership (RCEP) after the agreement takes effect, Financial Secretary Paul Chan Mo-po said in a blog post on his website Sunday (Nov 22).
Hong Kong’s economy shrinks by 3.4 per cent in third quarter as latest wave of coronavirus pandemic batters drivers of growth
HONG KONG, Oct 31 (SCMP): The financial hub has now spent five consecutive quarters locked in recession. But latest figures are an improvement on the 9 per cent contraction in previous quarter
Hong Kong’s economy shrinks by 3.4 per cent in third quarter as latest wave of coronavirus pandemic batters drivers of growth
HONG KONG, Oct 30 (SCMP): The financial hub has now spent five consecutive quarters locked in recessionBut latest figures are an improvement on the 9 per cent contraction in previous quarter
Hong Kong financial chief predicts growth in mainland China will lift local economy in third quarter; six new Covid-19 cases confirmed
HONG KONG, Oct 26 (SCMP): Returning momentum in mainland economy will have knock-on effect in financial hub, minister Paul Chan predictsBut any recovery will depend on how well Hong Kong can maintain its success in containing the pandemic, he says
Hong Kong facing 1,000 winter deaths from coronavirus, expert warns, as city expects seven new cases of Covid-19
HONG KONG, Oct 11 (SCMP): Professor Yuen Kwok-yung makes chilling prediction and says winter wave could see tens of thousands fall illUniversity of Hong Kong microbiologist calls for social-distancing measures to stay in place until next September
