Prime rate rise forecast in Hong Kong
Banks in Hong Kong are due to increase prime rates for the first time in four years following the Federal Reserve’s aggressive policy tightening stance.
Hong Kong rules out tax increases
The Hong Kong government is not planning to increase taxes despite a rise in pandemic-related public spending.
Fourfold rise for Hong Kong’s key rate
The Hong Kong central bank has increased the one-month Hong Kong Interbank Offered Rate (Hibor) to 0.88% from last month’s figure of 0.19%.
HK in 5th place of world’s most competitive economies
Hong Kong has moved up two places this year to fifth in a global ranking of the most competitive countries in the world, thanks to its improved performance during the pandemic.
Economy “recovering strongly” into Q2
The private sector in Hong Kong grew at the quickest pace in over a decade last month as the city continues its recovery from its Covid economic slump.
HK is “fertile ground” for AI and big data firms
Hong Kong is recognised as a top regional hub for tech that will continue to grow exponentially.
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