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【Bay Area Morning Brief】The overall business atmosphere for CSI has improved; one-quarter of new energy vehicles in the country are produced in Guangdong.
1. Market News 1. Hong Kong Mandatory Provident Fund: 2024 net return of 8.6%. The Chairman of the Mandatory Provident Fund Authority, Liu Mai Jiaxuan, stated that in the past year, the performance of the Mandatory Provident Fund showed that its total asset net value rose to 1,300 billion yuan by the end of the year, with an average net return of 8.6% for the entire year. However, she pointed out that the overall average net return of the Mandatory Provident Fund is a generalized Statistics figure, with each plan member having their own different investment goals and choosing their own investment portfolios, resulting in varying returns. 2. Hong Kong Census and Statistics Department: Improvement in the overall business atmosphere for CSI. The Hong Kong Special Administrative Region Government Census and Statistics Department reported on the 10th that the business conditions of CSI are recorded in a monthly survey.
Standard Chartered's csi for small and medium enterprises in Hong Kong leads the way with a score of 45.7. Investment by small and medium enterprises in Hong Kong remains cautious.
The Hong Kong Productivity Council announced the fourth quarter 'Standard Chartered Hong Kong Small and Medium-sized Enterprise Leading Business Index', the comprehensive business index for the fourth quarter was 45.7, up 3.2 from the previous quarter, returning to the level of the third quarter of last year.
Overall business sentiment in Hong Kong's small and medium-sized enterprises is stabilizing, and the overall business outlook is expected to improve.
A spokesperson for the Hong Kong government stated that the overall business atmosphere for small and medium-sized enterprises in September has stabilized, and the overall expectations for business conditions in the next month have also improved.
The Hong Kong SME Financing Guarantee Scheme has approved loans of more than HKD 280 billion, benefiting over 0.06 million enterprises.
The Hong Kong Bureau of Commerce and Economic Development has stated that the "SME Financing Guarantee Scheme" has approved over HKD 280 billion in loans as of the end of last month, benefiting more than 0.063 million enterprises. The "Budget Proposal" also announced an extension of the application period for 80% and 90% guaranteed loans under the scheme until the end of March 2026.
In July, the overall business atmosphere for Hong Kong's small and medium-sized enterprises has slightly improved, according to the morning report from the bay area.
I. Market News 1. Overall business atmosphere for Hong Kong's small and medium-sized enterprises slightly improved in July. Employment situation is relatively weak. According to the Census and Statistics Department of the Hong Kong government, the current trend index for the business revenue of small and medium-sized enterprises has risen from 41.4 in June 2024 to 41.8 in July 2024, while the business revenue outlook trend index for the next month (August 2024) is 45.4. Looking at the analysis by industry, although the current trend index for business revenue is below the dividing line of 50, some related indexes of industries covered by certain statistical surveys have risen in July 2024 compared to the previous month, especially the commercial service industry (from 44.5.
The overall business environment for small and medium-sized enterprises in Hong Kong slightly improved in July, while the overall employment situation was soft.
Hong Kong Census and Statistics Department released the results of the monthly survey of the business conditions of small and medium enterprises (SMEs) in July 2024. The current trend index of business revenue for SMEs rose from 41.4 in June 2024 to 41.8 in July 2024, while the business revenue outlook index for the next month (August 2024) was 45.4. According to industry analysis, although the current trend index of business revenue is below the dividing line of 50, some related indexes of industries covered by statistical surveys have increased in July 2024 compared to the previous month, especially commercial services (from