The economy continued to grow in the first quarter with GDP rising 7.1%, despite the growing adversities in the external environment, Government Economist KC Kwok says. This marked the 18th consecutive quarter that GDP growth exceeded the average trend growth.
A Creative Hong Kong pavilion showcasing the achievements of Hong Kong's cultural and creative industries has opened at the 4th China (Shenzhen) International Cultural Industries Fair in Shenzhen.
Hong Kong is able to carry out trading activities around the clock and around the world as a partner halfway between London and New York, Secretary for Financial Services & the Treasury Prof KC Chan says.
Total card receivables dipped 6% or $4.6 billion in the year's first quarter after rising 8.8% in last year's fourth quarter due to the receding effect of salaries tax payment by credit card, the Monetary Authority says.
The Monetary Authority has granted a full banking licence to the Industrial Bank of Korea, bringing the total number of licensed banks in Hong Kong to 144.
Hong Kong constantly reviews its regulatory model to ensure it does not hamper financial innovation or stifle the development of Hong Kong's financial services industry, Secretary for Financial Services & the Treasury Professor KC Chan says.
The Securities & Futures Commission warns investors to be more vigilant as fraudsters are getting more sophisticated with scams appearing in many new guises amid increasing market volatility.
The economy continued to grow in the first quarter with GDP rising 7.1%, despite the growing adversities in the external environment, Government Economist KC Kwok says. This marked the 18th consecutive quarter that GDP growth exceeded the average trend growth.
