Hong Kong October Retail sales up 6.9%, Showcasing Strong Economic Support According to the census and statistics department of Hong Kong, the total value of retail sales in October has gone up 6.9% with a provisional estimation of $35.2 billion. This estimate was 5.3% higher year-on-year after factoring out the effect of the price changes…
Hong Kong Economy Records 3.8% Growth in the Third Quarter Hong Kong economy data for the third quarter has shown an optimistic rise, with latest figures of 3.8% growth pointing to an improvement across major sectors. The region continues to adjust to global shifts while maintaining strong resilience. Growth Trends in the Third Quarter Official…
Hong Kong Leads Asia-Pacific in Global Financial Rankings, Third Globally Hong Kong has secured its position as the third-ranked global financial centre, according to the latest Global Financial Centres Index (GFCI 38). The city continues to lead the Asia-Pacific region, thanks to its robust financial infrastructure and strategic advantages. Significance of the GFCI 38…
Government Launches New Support Plan to Help SMEs Stay Strong and Grow In the 2025 Policy Address, the Hong Kong Government announced a new support plan to help Small and Medium Enterprises (SMEs) and encourage economic growth and diversification. These measures aim to help small businesses handle current challenges and build for the future. Financial…
Hong Kong’s Economy Grows 3.1% in Q2 2025 Hong Kong’s economy has expanded by 3.1% year-on-year in the second quarter of 2025, surpassing the 3% growth recorded in the first quarter. This marks the tenth consecutive quarter of economic growth, according to the Census and Statistics Department’s advance estimates. Economic Performance by Sector The growth…
Hong Kong Combines Innovation & Technology Funding Programs Hong Kong’s Innovation and Technology Commission (ITC) has decided to bring together several funding programmes under the Innovation and Technology Fund (ITF) from August 1 2025. This will make it easier for businesses to get support and grow with innovation and industrial ideas. Which Programmes Are…
Foreign Direct Investment Rises Significantly to $160 Billion Hong Kong has seen a significant increase in foreign direct investment in recent years, with over 1,300 overseas and Mainland companies establishing or expanding operations in the city between January 2023 and mid-2025. This has contributed approximately $160 billion to the local economy and generated over 19,000…
Industrialisation Scheme Improved to Speed Up Smart Manufacturing Funding The Innovation & Technology Commission has introduced updated procedures for the New Industrialisation Funding Scheme (NIFS), designed to reduce approval timelines. Applicants requesting no more than $2.8 million will benefit from the new fast-track system. Supporting Smart Manufacturing The overhaul aims to support companies adopting smart production…
Hong Kong Competitiveness Leaps Into Top Three Amid Efficiency Gains Hong Kong competitiveness has surged, with the city now ranking third in the latest international index. This leap marks a return to the top three since 2019. Hong Kong’s score rose by 7.7 points to 99.2 out of 100 in the last year, also making…
Hong Kong Among the First to Target Full ISSB Adoption for IFRS Sustainability Hong Kong has targeted full adoption of the ISSB Standards. This IFRS sustainability commitment has been highlighted by the city as proof of its dedication to providing transparent sustainability information within capital markets. Through its jurisdictional profile, the IFRS Foundation recognises Hong Kong’s public…