Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of reexports, is about four times GDP.
Hong Kong plans to lower taxes and further cut levies on property transactions, as part of efforts to get economic activity humming again amid an increasingly fraught trade environment.
HONG KONG -- Hong Kong's economy is expected to grow 2 to 3 percent in 2025, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government said on Wednesday.
HONG KONG, Feb 25 (Reuters) - Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal deficit likely to have widened to double the ...
Policymakers in Hong Kong are nearing a crossroads, with dwindling avenues for generating revenue and an economy that’s expected to remain under pressure this year. While officials may be wary ...
Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles.
Pak Tin Estate in Beacon Hill, Kowloon. Rents in Hong Kong rose to a five-and-a-half-year high in February. Photo: Eugene Lee ...