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Hong Kong economyi

Breaking news and analysis on Hong Kong's economy and the companies that operate in the city, including its GDP, economic outlook, impact of the coronavirus outbreak, macroeconomic indicators, the local government finance and budget, retail sales, consumption, employment and monetary policy.

 

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The sold-out rugby tournament is perfectly placed to send the message that Hong Kong is back in action with more than 40 per cent of tickets taken by people outside the city.

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  • City leader acknowledges ‘new period of economic development’ for Hong Kong and that local businesses have been adapting to shifting demands
  • Lee says government will prepare to attract more mainland tourists during Labour Day ‘golden week’ holiday, a five-day break from May 1
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Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering, set to be the city’s largest new-share sale of the year, regulatory filings show.

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It is the 13th time since 2010 that Hong Kong International Airport has been the busiest cargo airport on the planet, having lost the number one spot in 2020 because of the Covid-19 pandemic.

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Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.

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Readers discuss suggestions that stringent checks on investors might scare them away, the need to widen pavements near beaches, and making payment on public transport more convenient for visitors.

Firms will be able to sign documents digitally and make payments for government services, among host of other features, on platform expected to launch in 2026.

Zheng Yanxiong, director of central government’s liaison office, says Article 23 law safeguarding national security will enable transition from stability to prosperity.

Readers discuss talk of moving the Sevens rugby tournament to Kai Tak Sports Park, and the suggestion that the government take a stake in Cathay Pacific.

Commissioner for Transport Angela Lee says authorities will strike a balance between the financial sustainability of trade and public’s acceptance of fare increases.

Broadcaster RTHK has highest vacancy rate at 23.8 per cent – 175 jobs – unfilled; police force tops the numbers game with 6,837 posts open, almost 18 per cent of establishment.

Financial Secretary Paul Chan touts importance of supporting data flows during two-day summit bringing together business leaders to discuss digital economy.