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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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  • Readers discuss the lack of transparency of a sales tactic favoured by developers, an opportunity for Hong Kong to strengthen its bonds with the Arab world, and encouraging young people to pursue their dreams
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Financial Secretary Paul Chan will first visit France then move on to US – his second trip there in six months – accompanied by delegates from Hong Kong, Macau and Guangdong province.

Fifteen-minute performance will take place at the Tsim Sha Tsui Promenade on Saturday, with drones forming characters from the popular manga and animation series.

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‘Hong Kong is our hometown, [and] if there are projects with reasonable returns, we will definitely invest,’ Victor Li says at CK Infrastructure’s annual general meeting on Wednesday.

Analysts point to Singapore’s tie-up with Taylor Swift as good example of aggressive tactics, with international sports competitions also top of the wish list for some.

Sheikh due to arrive no later than June to attend opening ceremony of private office but name change possible to reduce focus on his ties with ruling family, aide Eleanor Jane Mak says.

Deputy financial secretary says events expected to attract 1.7 million travellers, generate spending of HK$7.2 billion and add HK$4.3 billion to the local economy.

City leader John Lee calls for calm amid ‘divergent views’ over regulation of ride-hailing services, says transport authorities to unveil industry study in July.

Government reluctant to enter fray as vested interests want to protect financial value of taxi licences, economist says, while others argue pool of passengers big enough to keep both types of drivers earning.

Lawmaker Tik Chi-yuen tells Legco panel says city’s ‘superconnector’ and ‘super-value adder’ boasts have become ‘a vague slogan with no substance’.

Scheme will ‘put pressure’ on sector to adopt the technology improving poor safety record, secretary for development says, with 60 per cent of sites expected to join by year’s end.

The financial services secretary, Christopher Hui Ching-yu, has denied media reports that a major stock market reform that would see trading continue as normal during typhoons and torrential rains has been postponed.

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Scammers have published another fictitious article with the appearance of a South China Morning Post story in a bid to promote an online financial trading tool.

Chau Kwok-keung, chairman of the Hong Kong Taxi and Public Light Bus Association, also urges government to issue licences for premium services as soon as possible.

Government contract of BSF Hatch, which turns chicken faeces into animal feed, fertiliser and biofuel, is set to expire at the end of August, even as city faces mounting food waste problem.