Hong Kong Census and Statistics Department: In the first quarter, the total income of Hong Kong residents increased by 9.6% year-on-year to 831 billion Hong Kong dollars.

In the first quarter of 2024, the total income of Hong Kong local residents (referring to the total income earned by Hong Kong residents through various economic activities) calculated at the then market price increased by 9.6% to HKD 831 billion, compared to the same period last year.

Zhitong FinanceJun 17 04:43 ET

Hong Kong Exchanges and Clearing Limited has proposed five policy recommendations to promote the dual growth of liquidity and efficiency in Hong Kong's capital markets.

According to the Zhongtong Finance APP, on June 17th, Hong Kong's Financial Services and the Treasury Bureau released a research report entitled "Promoting Dual Growth of Liquidity and Efficiency: Optimizing Hong Kong's Securities Trading Mechanism and Market Operations".

Zhitong FinanceJun 17 02:00 ET

Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts

The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by

MT NewswiresJun 13 23:00 ET

Market Chatter: Philippine President Flags Inflation as 'Greatest Problem'

Philippine President Ferdinand Marcos flagged inflation as the country's "greatest problem" but noted that the government managed to curb it to a "reasonable, almost manageable level," the Philippine Information Agency reported Wednesday.

MT NewswiresJun 13 04:48 ET

Chung Yuan Mortgage: The interest rate reduction cycle in Hong Kong may start from the end of this year to the first quarter of next year.

Wang Meifeng said that the interest rate reduction cycle in Hong Kong has the opportunity to start from the end of this year to the first quarter of next year, and then the interest rate in Hong Kong may fall to 4% or below.

Zhitong FinanceJun 13 02:01 ET

Philippine Rate Cut Likely to Come After Fed, Finance Chief Says

The Philippine central bank will “most probably” lower its key interest rate after the Federal Reserve’s own policy easing, according to Finance Secretary Ralph Recto who sees more than one cut this year.

BNN BloombergJun 12 22:46 ET