Hong Kong Bankers' Association: cautiously optimistic about this year's economic outlook for Hong Kong, with stable interest rates.
The President of the Hong Kong Association of Banks, Chan Wai-yee, stated that this year the overall economic momentum in Hong Kong's market has started off well, with a vibrant atmosphere in the Hong Kong stock market, leading to improvements in many Consumer and investment sentiments.
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Hong Kong GDP Growth Accelerates to 2.4% in Q4, Slightly Beating Forecast
Hong Kong Inflation Slows to 1.4% in February
In the fourth quarter of 2024, Hong Kong's GDP increased by 2.4% year-on-year in real terms.
On March 20, 2025, the Hong Kong SAR Government Census and Statistics Department released the preliminary figures for the gross domestic product calculated on a quarterly basis for the fourth quarter of 2024 and the whole year of 2024, categorized by economic activity.
The pilot project for Hong Kong's low-altitude economy "regulatory sandbox" has officially launched to promote the development of the low-altitude economy and innovative industries.
The Hong Kong government received applications for the "regulatory sandbox" pilot projects submitted by 72 applicants. After review by the Low Altitude Economy Working Group, 38 projects became the first batch of pilot projects to be promoted. The applying Institutions include enterprises, universities, research institutions, utility companies, and government departments.