Washington’s decision to impose reciprocal tariffs on Chinese goods could force Hong Kong manufacturers to cut jobs or even close down, as many businesses are set to struggle to navigate global trade frictions, analysts have warned. Experts also said the sweeping tariffs would create a vicious cycle where consumption in the US would greatly diminish…
Hong Kong is expected to play a bigger role in the internationalisation of the yuan as liquidity increases and uses for businesses and individuals broaden significantly, according to officials and market participants. The city was already the world’s biggest offshore yuan business centre, with the largest offshore liquidity pool, foreign-exchange market and over-the-counter market for…
The organiser of one of Hong Kong’s largest annual bazaars has said it expects stronger attendance numbers and a higher percentage of mainland Chinese visitors after authorities reintroduced multiple-entry visas for Shenzhen residents. The Chinese Manufacturers’ Association of Hong Kong said on Wednesday the 58th edition of the Hong Kong Brands and Products Expo would…