HSBC Cuts Rates on Fixed Mortgages in Hong Kong Amid Slumping Sales
Chen Guoji: Challenges and opportunities coexist, and government reforms seek to find new growth points for Hong Kong's economy.
When attending the Chinese General Chamber of Commerce's New Year banquet, Acting Chief Executive of Hong Kong Chen Guokai stated that Hong Kong is still facing various uncertainties, with both challenges and opportunities ahead. However, he firmly believes that opportunities outweigh challenges, and the authorities will take a more proactive approach to reform and innovation, seeking to discover new growth points for Hong Kong's economy.
Hong Kong's GDP in the fourth quarter of 2024 increased by 2.4% year-on-year.
The Hong Kong Census and Statistics Department today released the preliminary estimate of local gross domestic product for the fourth quarter and the whole year of 2024.
Meridians: Hong Kong's best lending rates may drop to levels seen before the interest rate hike cycle this year.
Cao Deming, the chief vice president of the Meridiano Mortgage Referral, predicts that the HIBOR will continue to hover between 3.5% and 4% in the first month of the first quarter.
The Hong Kong Monetary Authority: Hong Kong interest rates may remain at a relatively high level for the foreseeable future.
Under the linked exchange rate system, Hong Kong dollar interbank rates generally approach the US dollar interest rates, while shorter-term interbank rates are simultaneously influenced by local market supply and demand for Hong Kong dollar funds. Hong Kong interest rates are likely to remain at a relatively high level for the foreseeable future.
Hong Kong's Jobless Rate Remains at 3.1% in Q4