Project delays, focus on luxury flats by city’s rail giant, which is allowed to develop land above and around stations, have caused concernUrban Renewal Authority, meanwhile, producing just 700 flats a year, while government bureaus sometimes find themselves at cross purposes
HONG KONG: Hong Kong's consumption voucher programme has sparked a major leap in the local use of electronic payment systems, the city's finance chief has said, pointing to the creation of more than 2.2 million new accounts in the past few months.
China said on Thursday that implementation of the National Security Law for Hong Kong has ensured a stable financial market and a better investment environment in the region, and businesses from all countries are welcome to operate in the special administrative region to achieve greater success.
HK business environment gets high marks from most US firms By ZHOU JIN | CHINA DAILY | Updated: 2021-05-14 07:32 Share A panoramic view of the financial area in Hong Kong. [Photo/Xinhua]
China said on Thursday that implementation of the National Security Law for Hong Kong has ensured a stable financial market and a better investment environment in the region, and businesses from all countries are welcome to operate in the special administrative region to achieve greater success.
Foreign Ministry spokeswoman Hua Chunying made the remark after a survey by the American Chamber of Commerce in Hong Kong found that 42 percent of interviewed enterprises were considering leaving or planning to leave the Hong Kong SAR.
SOURCE / ECONOMY
By Global Times Published: Apr 25, 2021 05:05 PM
Hong Kong Financial Secretary Paul Chan Mo-po Photo: Screenshot of GT interview
Hong Kong SAR’s economic growth in the first three months of 2021 is expected to “significantly improve” after slumping for the past six months, supported by improving overall environment and robust export growth of the special administrative region, Paul Chan Mo-po, financial secretary of Hong Kong SAR, said on Sunday.
According to Chan, the regional GDP growth in the first quarter will ramp up as major economies have started to rebound, and vaccinations have rolled out worldwide. In Hong Kong, exports have been gaining ground for four consecutive months, with growth rising to 37.5 percent in the first two months of this year.