Hong Kong Stocks Drift Higher on US Rate Outlook; Chinese Banks Hit Record Peaks
Hong Kong's Jobless Rate Unchanged at 3% in May-July Period
At the end of July, the composite interest rate of the Hong Kong Monetary Authority was 2.58%, a decrease of 4 basis points compared to the previous month.
On August 19th, the Hong Kong Monetary Authority announced the composite interest rate as of the end of July 2024.
Hong Kong's Unemployment Rate Hits 3% in Three Months Ended July
The seasonally adjusted unemployment rate in Hong Kong from May to July 2024 was 3.0%.
According to the latest labor force statistics released by the Hong Kong government's Census and Statistics Department on August 16, the seasonally adjusted unemployment rate in Hong Kong from May to July 2024 was 3.0%, the same as the figure from April to June 2024.
By the end of June, international assets accounted for 83.4% of the total assets of the banking system according to Macau Monetary Authority.
By the end of June 2024, the total international assets of banks in Macau increased by 3.4% per quarter to 2036.1 billion Macau patacas.