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Global slowdown, geopolitics biggest concerns for Hong Kong firms in year ahead

Hong Kong General Chamber of Commerce survey finds two in three firms expect their turnover to remain unchanged or to decline in 2024.

Hong kongDoris fungPatrick yeung wai timGreater bay areaFinancial secretary paul chan mo poHong kong general chamber of commerceConomist doris fungPatrick yeung wai timBrain drain

Companies in Hong Kong wrestling with 20 per cent turnover rate, struggling to recruit mid-level staff, leading business group says

CEO of Hong Kong General Chamber of Commerce warns increasing salaries not cure-all for talent shortage, could result in non-profits losing out to commercial entities.

Hong kong economyOng kong workers and labour rightsHong kong general chamber of commerceLabour force

Major Hong Kong business group predicts 2023 turnaround, GDP to grow 3 8 per cent after border reopening with mainland China

But warns combination of inflationary headwinds and ‘brain drain’ could dampen city’s much-needed recovery.

Hong kong reopensBorder reopeningCovid 19Hong kong economyHong kong general chamber of commerce

Leading Hong Kong business chamber calls proposed 7 2 per cent pay rise for civil servants out of touch with reality

Hong Kong General Chamber of Commerce says pay trend survey does not reflect current economic climate, warns of possible ripple effect on private-sector salaries.

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Hong Kong should reopen to foreign countries first, chief of leading business chamber in city urges government

Betty Yuen, new chairwoman of Hong Kong General Chamber of Commerce, warns of damage to financial opportunities in city, says clear road map on travel resumption needed.

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