Economy of Hong Kong - Wikipedia
The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. [15] [16] Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, [17] and is pegged to the US dollar.
Moderate Growth with Fresh Drivers – 2025 Hong Kong Economic …
Jan 8, 2025 · Driven by strong commodity trade, Hong Kong’s economy continued the recovery momentum in 2024, with an expected annual growth rate of 2.5%. Looking into 2025, opportunities and challenges coexist. The global political and economic landscape is undergoing new changes, and factors such as weakened external demand bring uncertainties to Hong Kong’s economy. However, lower interest rates and ...
Economic and Trade Information: Hong Kong | HKTDC Research
Jan 2, 2025 · Hong Kong is one of the most services-oriented economies in the world, with services sectors accounting for 93.4% of the GDP in 2022. According to World Trade Organization (WTO), Hong Kong is the world's 10th largest exporter of …
China Says Economy Grew 5% Last Year, Driven by Exports
2 days ago · The government has pressured universities, banks and other institutions in mainland China and Hong Kong to make sure that their economists do not question the accuracy of government statistics.
Hong Kong Economic Policy Green Paper 2025 Policy …
Jan 9, 2025 · HKU Business School today unveiled the “Hong Kong Economic Policy Green Paper 2025” (“Green Paper”). This comprehensive document delves into various facets of Hong Kong's economic domain, from fiscal deficits, stock market dynamics, the MPF system, housing concerns, to the exploration of novel pathways for fostering a vibrant startup ecosystem. Moreover, the Green Paper also
Is the Hong Kong economy really in demise? - ThinkChina
Mar 18, 2024 · The rapid growth of the mainland's economy over the past 30 years has been the biggest driving force for Hong Kong's financial and economic development. With China's push for the Belt and Road Initiative and its integration with the global economy, the RMB internationalisation will be enhanced. It will be of enormous benefit to the Hong Kong ...
China's crackdown is damaging Hong Kong's economy
Mar 20, 2024 · China's crackdown and trade wars have tarnished Hong Kong's status as a financial gateway, prompting an exodus of investors and challenging the city's autonomy.
Hong Kong vs. Mainland China: What's the Difference? - Investopedia
Dec 2, 2024 · Hong Kong's market economy is characterized by low tax rates, free trade, and limited government interference. The mainland Chinese stock markets are more conservative and restrictive than...
In charts: Hong Kong’s economy is struggling to recover lost …
Oct 13, 2024 · Hong Kong’s economy is still struggling to regain momentum, according to a Financial Times analysis of the latest data, with any benefits from lower US interest rates and a Chinese stimulus...
Key economic indicators of Hong Kong - statistics & facts
Hong Kong is an important global financial center and hub for trade with mainland China. The economy is dominated by the service sector, which contributed nearly 94 percent to the GDP in 2022.