Hong Kong economy

Hong Kong’s score of 8.58 edged out Singapore’s 8.55, according to the Fraser Institute’s latest Economic Freedom of the World report, covering 2022.

Hong Kong’s borrowing costs have spiked in the last two years as the Fed raised rates to combat inflation.

Hong Kong is slashing extra stamp duties for some homebuyers and reversing a pandemic-era increase in stock trade levies.

Hong Kong’s economy is expected to expand 3.4% this year, whereas Singapore's GDP is expected to expand 1.9% this year.

Some of the areas include Hong Kong's stock market, finance salaries and economic boost among others.

Investors in mainland China are showing unprecedented interest in Hong Kong stocks.

Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), also says that China supports the listing of more mainland assets in Hong Kong markets.

The simmering Cold War between the US and China last month finally spilled beyond trade, national security and the blame game over the coronavirus pandemic into global capital markets.

The two archrivals of Asian finance have competed so intensely for so long that it’s impossible to believe that Hong Kong’s fading autonomy and the resumption of anti-government protests isn’t filling Singapore with even a little bit of schadenfreude.

Hong Kong’s stock exchange is looking at introducing a suite of new exchange-traded products after rolling out an initiative to tighten trading spreads and enhancing liquidity in the $38 billion (S$53.64 billion) market.