HKD Forex News

Hong Kong Scraps Property Curbs; Lifts Tax On High Income Earners

Hong Kong Scraps Property Curbs; Lifts Tax On High Income Earners

Hong Kong Financial Secretary Paul Chan on Wednesday scrapped measures intended to cool the property market, and raised the tax on high income earners to plug the hole in the budget. In the Budget Speech, Chan estimated economic growth of 2.5- 3.5 percent in 2024 after posting an expansion of 3.2 percent in 2023.
RTTNews | 79 days ago
Hong Kong GDP Growth Improves In Q4

Hong Kong GDP Growth Improves In Q4

Hong Kong's economy expanded at a faster pace at the end of the year largely reflecting the rebound in tourism and household consumption,the advance estimates from the Census and Statistics Department showed Wednesday. Gross domestic product registered a faster growth of 4.3 percent in the fourth quarter, following an increase of 4.1 percent a quarter ago.
RTTNews | 107 days ago
Hong Kong Central Bank Hikes Key Rate

Hong Kong Central Bank Hikes Key Rate

Hong Kong's central bank raised its benchmark rate by a quarter-point on Thursday, in tandem with the decision of the US Federal Reserve. The Hong Kong Monetary Authority adjusted the Base Rate to 5.75 percent from 5.50 percent, with immediate effect.
RTTNews | 295 days ago