Hong Kong SMEs’ business confidence weakens in July
A government spokesperson warned that worsening global economic prospects and tightening monetary policies will continue to put pressure on business sentiment.
A government spokesperson warned that worsening global economic prospects and tightening monetary policies will continue to put pressure on business sentiment.
Experts says the fifth wave of Omicron outbreak is a short-term threat to the Hong Kong economy, but it will not affect the city’s financial infrastructure.
Hong Kong has the deepest renminbi liquidity pool outside the mainland of over 600 billion yuan (US$94 billion), according to the Hong Kong Monetary Authority.
Hong Kong’s GDP expanded by 4.8 percent year-on-year in the fourth quarter of 2021, representing a further recovery.
The city has long been faced with human resources’ shortages, especially in the manufacturing industry.