On February 2nd, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, announced in a blog post that tomorrow we will release the estimated economic figures for the fourth quarter and the whole year of 2024, showing that the local economy is in a stable and progressive trend. The quarterly figures reflecting recent trends have continued to improve. The number of passengers has significantly increased, and private consumption has also stabilized slightly during the quarter. In terms of the stock market, trading has remained strong since the end of September last year, with an average daily turnover of HKD 147.6 billion in January, which is about 12% higher than the average daily turnover of the whole year last year and an increase of about 4% compared to December last year. In terms of the real estate market, market data shows that trading remains roughly stable. In addition, the job market remains ideal and inflation remains moderate, allowing the Hong Kong economy to start this year with a stable momentum. However, in the face of the ongoing risks posed by the external political and economic situation, as well as the high interest rate environment, caution and caution are still necessary.
Scan code to share