Hong Kong Economic and Trade Office, USA
Hong Kong

News Release - October 2019

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.

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.

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