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HKD/CNH News
Hong Kong's GDP Growth Slows to 2.7% in Q1, Revised Figures Say
GDP during the preceding quarter rose by 4.3%, while the seasonally-adjusted GDP rose by 2.3%, the report said.
Hong Kong's GDP grew 2.7% year on year in the first quarter and remained unchanged at 2.5% to 3.5% for the whole year
On May 17, the Hong Kong Government published the “Economic Report for the First Quarter of 2024” and revised GDP figures for the first quarter of 2024.
Global central bank policies are becoming fragmented, and the foreign exchange market is surging undercurrent
The policy trends of central banks around the world are divided, and foreign exchange traders have already begun to “rub their hands.”
China's Consumer Prices Rise For Third Month in April
China's consumer prices edged up for a third straight month in April, exceeding market expectations, according to data from the National Bureau of Statistics released on Saturday. The Consumer Price I
Hong Kong's Exports, Imports Rise in March
Hong Kong's exports jumped 4.7% to HK$384.5 billion in March, compared with a 0.8% decline in February, data released by the city's census and statistics department on Thursday showed.
Hong Kong Census and Statistics Department: The overall value of Hong Kong's exports and imports in March increased by 4.7% and 5.3% year-on-year respectively
Foreign merchandise trade statistics released by the Statistics Department of the Hong Kong Government on April 25 showed that in March 2024, Hong Kong's overall export and import values both recorded year-on-year increases of 4.7% and 5.3%, respectively.
Hong Kong's Jobless Rate Accelerates to 3.0% in January to March
Hong Kong's seasonally adjusted unemployment rate quickened to 3.0% in the three-month period of January to March from 2.9% in December 2023 to February 2024 period, the Census and Statistics Department reported on Thursday.
Breaking: China's GDP Expands 5.3% YoY in Q1 2024 Vs. 5.0% Expected
China’s economy expanded 5.3% over the year in the first quarter of 2024, as against a 5.2%% growth in the final quarter of 2023, the official data released by the National Bureau of Statistics (NBS) showed on Tuesday.
The Hong Kong dollar rebounded slightly in the short term and fell 10 times in a row at the end of the one-month period
On April 15, the Hong Kong dollar interest rate rebounded slightly. Among them, overnight interest rates rebounded from a one-month low to 3.89048%. The one-month interest rate linked to the house price ended a ten-day decline. Today's report is 4.28643%.
China's New RMB Loans Hit 9.5 Trillion Yuan in Q1
China issued 9.46 trillion yuan of renminbi-denominated loans in the first quarter of 2024, according to data from the People's Bank of China on Friday. In 2023, China's first-quarter new yuan loans h
China Central Bank Keeps Key Policy Rates Steady
China's central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month. The People's Bank of China kept the one-year medium-term lendi
Economy on Stable Footing, Experts Say
China's economy has started 2024 on a stable footing, indicating a sustained trajectory of robust recovery throughout the year, despite pressures and challenges both at home and abroad, officials and analysts said on Thursday.
National Bureau of Statistics: PPI fell 2.8% year on year in March, down 0.1% month on month
In March 2024, the ex-factory prices of industrial producers across the country fell 2.8% year on year and 0.1% month on month.
Chinese Retail Sector Expands for 12th Straight Month, Survey Says
China's retail sector expanded for the 12th consecutive month in April, with the Chinese Retail Performance Index at 50.4%, Xinhua News Agency reported Sunday, citing a survey by the China General Chamber of Commerce.
China Forex Reserves Edge Higher, New Tech Lending Program Announced
Country's foreign-exchange reserves edged up in March, while the People's Bank of China announced a new relending program to sponsor tech development. The country's foreign-exchange reserves rose $19
China's Service Economy Expands Further, Caixin PMI Shows
A private gauge of China's services activities edged deeper into expansionary territory for a 15th straight month in March.
China's Services Sector Extends Growth in March
China's services purchasing managers index or PMI rose to 53 in March, up 1.6 percentage points from the prior month, according to data published by China's National Bureau of Statistics on Sunday.
Hong Kong Monetary Authority: As of the end of February, the total assets of the Exchange Fund were HK$4040.9 billion, down HK$5.7 billion from the previous month
As of February 29, 2024, the total assets of the Exchange Fund were HK$4040.9 billion, a decrease of HK$5.7 billion from the end of January 2024.
Hong Kong Sees Rise in Wage, Payroll in December 2023
Hong Kong's average wage rate for all surveyed industries rose by 3.8% year on year in nominal terms in December 2023, according to figures released by the Census and Statistics Department on Tuesday.
Hong Kong's Average Wage Rises 3.8% on Year in December 2023
Hong Kong's average wage in December 2023 rose 3.8% year over year in nominal terms, according to data from the city's census and statistics department released Tuesday. Adjusted for consumer price ch