Hong Kong SME Business Index Declines Further in August
Zhongyuan: In August, Hong Kong's top ten districts recorded 136 transactions, a slight increase of 3% compared to the previous month. The market expects interest rate cuts to bring a turning point to the real estate market.
In August, Zhongyuan Real Estate recorded 136 transactions in the top ten districts of Hong Kong, a slight increase of 3% compared to the previous month. As for the price per square foot, 8 districts saw a decrease in price, ranging from 0.5% to 6.9%. Among them, the price per square foot in Lihongcheng decreased by 6.9% compared to the previous month.
ZAR: Inflation Paves the Way for the SARB – Commerzbank
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.