Hong Kong Economic and Trade Office, USA
Hong Kong

News Release - October 2019

Advance estimates on Gross Domestic Product for third quarter of 2019
October 31, 2019 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the advance estimates on Gross Domestic Product (GDP) for the third quarter of 2019.

Chief Justice Geoffrey Ma to retire at age 65 in January 2021
October 31, 2019 - The Chief Justice of the Court of Final Appeal, Mr Geoffrey Ma Tao‑li, will retire from office when he reaches the statutory retirement age of 65 on January 11, 2021. He has informed the Chief Executive of his intention to vacate judicial office. The requisite appointment procedures for the next Chief Justice under Articles 88 and 90 of the Basic Law should be initiated at this stage as soon as practicable in order to ensure a smooth transition.

Financial results for the six months ended September 30, 2019
October 31, 2019 - The Hong Kong Special Administrative Region Government announced today its financial results for the six months ended September 30, 2019.

Hong Kong Exchange Fund at US$542.1 billion
October 31, 2019 - The Hong Kong Monetary Authority (HKMA) announced today that the total assets of the Exchange Fund amounted to HK$4,229.0 billion (US$542.1 billion) as at September 30, 2019. This is HK$66.1 billion (US$8.4 billion) higher than that at the end of August 2019. Hong Kong dollar assets increased by HK$78.0 billion (US$10 billion) while foreign currency assets decreased by HK$11.9 billion (US$1.5 billion).

Government strives to enhance effectiveness of funding schemes for enterprises
October 31, 2019 - In response to the views reflected to the Chief Executive, Mrs Carrie Lam, by a business representative on the worsening business environment caused by the recent social unrest in Hong Kong and the difficulties they encountered when making applications for various funding schemes for enterprises at the Joint Business Community Luncheon today, a Government spokesman said that the Government is aware of the views of the trade, and will continue to consolidate relevant services proactively and simplify application procedures to ensure suitable and timely assistance is available to enterprises for coping with the current difficult situation.

Hong Kong Ranked World’s Third Easiest Place to Do Business
World Bank Releases Doing Business 2020 Report
October 24, 2019 - Hong Kong’s performance in the ease of doing business further improved this year to rank third globally among 190 economies, moving up one place from last year, according to the World Bank’s “Doing Business 2020 Report” released today. The report compares the business environment in various economies across 10 indicators.

Consumer Price Indices for September 2019
October 22, 2019 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for September 2019.

Additional measures to support enterprises and safeguard jobs
October 22, 2019 - Over the past few months, local social unrest has not only damaged Hong Kong’s image as a safe city and an international financial, commercial, trade and aviation hub, but also hit the local economy hard. Retail, catering, transport and tourism sectors have suffered a heavy blow.

Unemployment rate remains at 2.9%
October 18, 2019 - According to the latest labor force statistics (i.e. provisional figures for July - September 2019) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate stood at 2.9% in July - September 2019, same as that in June - August 2019. The underemployment rate also remained unchanged at 1.0% in the two periods.

HKSARG responds to passage of acts and resolution on Hong Kong by US House of Representatives
October 16, 2019 - The Hong Kong Special Administrative Region (HKSAR) Government today (October 16) expressed regret over the passage of the “Hong Kong Human Rights and Democracy Act” as well as another act and a resolution on Hong Kong by the House of Representatives of the United States Congress.

Financial Secretary promotes Hong Kong financial services to US banking and business sectors in New York
October 16, 2019 - Hong Kong Financial Secretary, Mr Paul Chan, arrived in New York (October 16, Eastern Standard Time) to promote Hong Kong’s financial services to banking and business sectors in the US.

Numbers of overseas and Mainland companies and start-ups in Hong Kong continue to grow
October 16, 2019 - The number of business operations in Hong Kong with parent companies overseas and in Mainland China and the number of start-ups in Hong Kong have been on the rise, according to the results of two surveys released today (October 16).

HKSARG responds to passage of acts and resolution on Hong Kong by US House of Representatives
October 16, 2019 - The Hong Kong Special Administrative Region (HKSAR) Government today (October 16) expressed regret over the passage of the “Hong Kong Human Rights and Democracy Act” as well as another act and a resolution on Hong Kong by the House of Representatives of the United States Congress.

CE sets out principles for restoring calm, boosting the economy in Policy Address
October 16, 2019 - The Chief Executive, Mrs. Carrie Lam, in the third Policy Address of her tenure, set out core principles and strategies for overcoming the social and economic challenges facing Hong Kong.

Tai Kwun - Centre for Heritage and Arts wins Award of Excellence of UNESCO Asia-Pacific Awards for Cultural Heritage Conservation
October 14, 2019 - Tai Kwun - Centre for Heritage and Arts has won the Award of Excellence of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Asia-Pacific Awards for Cultural Heritage Conservation. It is another built heritage conservation project in Hong Kong receiving this top honour, after the Blue House Cluster under the Revitalising Historic Buildings Through Partnership Scheme of the Development Bureau in 2017.

Hong Kong Jumps Ahead in Global Competitiveness
Global Competitiveness Report Released by World Economic Forum

October 9, 2019 – The World Economic Forum (WEF) has ranked Hong Kong as the third most competitive economy in the world, up four places from last year. Hong Kong’s overall score rose 0.8 points from 2018 in the WEF’s Global Competitiveness Index 2019 which ranks 141 economies.

Hong Kong’s foreign currency reserves at US$438.7 billion
October 8, 2019 -
The Hong Kong Monetary Authority (HKMA) announced today that the official foreign currency reserve assets of Hong Kong amounted to US$438.7 billion as at the end of September 2019, compared with US$432.8 billion at end-August 2019.

Provisional statistics of retail sales for August 2019
October 2, 2019 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released the latest figures on retail sales today.


2019 © | Important notices       Privacy policy      Accessibility                                                                                                                                                    Last Revision Date: November 1, 2019

 

Web For All W3C Web Accessibility initiative    
This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. Should you have any enquiries or comments on its accessibility, please contact us by phone or email.