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Hong Kong's base rate will rise to 2.75 per cent effective immediately, according to a statement by the Hong Kong Monetary Authority (HKMA), the city's de facto central bank. That's the highest ...
“With consumer price inflation slowing, and the labor markets solid, real incomes are rising. Since May, real incomes net of [excluding] transfers, a key recession determinant, are up roughly 3% ...
Hong Kong has become a center for money laundering and sanctions evasion under the tightening ... Pedestrians cross a street in Hong Kong on June 25, 2024. ... In Other News. Entertainment.
The rate for each interest payment will be determined by the year-on-year inflation rate of Hong Kong, which according to the Hong Kong Composite Consumer Price Index, with the lower limit of 1% return. The first iBonds were listed on Hong Kong Stock Exchange to listing on 29 July 2011. The offered issue amount is HK$10,000,000,000.
The pro-democracy news outlet Stand News and its former chief editors Chung Pui-kuen and Patrick Lam become the first defendants to be convicted of sedition in Hong Kong since its handover to China in 1997, [21] which Chung sentenced to 21 months' imprisonment on 26 September.
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
For all the focus on food and gasoline prices, services inflation actually surpassed goods inflation all the way back at the end of 2022. Services inflation is now 4.5%, while the overall cost of ...
On 25 October 2022, the Hong Kong Democracy Council (HKDC) released a report titled "Business Not As Usual," which criticized executives going to the Global Financial Leaders' Investment Summit (GFLIS), stating "By attending the GFLIS, these global finance leaders are lending credibility not only to the government's whitewashing campaign, but ...