GMT EIGHT - Economy&politics - Hong Kong

Macau: The average rental price of commercial units dropped by 0.8% compared to the first quarter, while the average rental price of residential units slightly increased by 0.2%.

On August 15th, the Statistics and Census Service of Macao released the statistics for the second quarter of rent in Macao.

Zhongyuan: CCL increased by 1.05% on a weekly basis, expected short-term increase in Hong Kong property prices.

With the Hong Kong stock market performing well and interest rates staying low, banks are offering mortgage discounts one after another to attract customers. The market is looking forward to positive factors such as a potential interest rate cut in September, stimulating a slight increase in Hong Kong property prices in the short term. The CCL index has reached a high of 139.25 points at the beginning of the year, with a current difference of 0.62 points or 0.45%.

Hong Kong Monetary Authority: The total amount of credit card receivables in the second quarter fell by 2.5% to HK$149 billion.

On August 15, the Hong Kong Census and Statistics Department released the results of a survey on credit card loans for the second quarter of 2025. The total amount of credit card receivables fell by 2.5% to HK$149 billion at the end of June in the second quarter of 2025, compared to a 5.8% decrease in the previous quarter.

Hong Kong Census and Statistics Department: Hong Kong's GDP in the second quarter of 2025 increased by 3.1% year-on-year.

According to the revised figures released by the Hong Kong government Census and Statistics Department, the real GDP of Hong Kong for the second quarter of 2025 grew by 3.1% year-on-year (the same as the preliminary estimate), compared to a 3.0% increase in the previous quarter. After seasonal adjustment on a quarterly basis, the real GDP of Hong Kong rose by 0.4% in the second quarter (the same as the preliminary estimate), compared to a 1.8% increase in the previous quarter.

Macao Statistics and Census Service: Macao's GDP for the second quarter grew by 5.1% year-on-year.

On August 15, the Statistics and Census Service of Macau released the detailed results of the revised second quarter Gross Domestic Product.

Hong Kong Buildings Department: 6 building plans approved in June, total value of newly completed buildings approximately 11.4 billion Hong Kong dollars.

The Hong Kong Buildings Department approved a total of 6 sets of building plans in June, including 3 in Kowloon and 3 in the New Territories. These include 2 residential and commercial developments, 2 factories and industrial developments, and 2 community service developments.

CRIC: Boosted by the rise of Hong Kong index, the CRIC Greater Bay Area index in July ended its six consecutive declines with a score of 92.66 points.

Boosted by the Hong Kong stock index rising more than 1%, the Central Bay Area Index recorded a gain in July, reaching 92.66 points, ending a six consecutive decline in the index, with a slight increase of 0.05% month-on-month.

Hong Kong Treasury Bureau: Hong Kong Company Registration, Enterprise Establishment and Investment Inbound Achieve Excellent Results.

Until the end of July this year, the total number of registered local companies in Hong Kong has exceeded 1.5 million, while the number of registered non-Hong Kong companies has also exceeded 15,000, both of which are at record highs.

Hong Kong Securities and Futures Commission issues letter to licensed virtual asset trading platforms, requiring secure custody of virtual assets.

On August 15th, the Securities and Futures Commission of Hong Kong issued a circular to all licensed virtual asset trading platforms, clarifying its requirements for the secure custody of client virtual assets and urging platforms to rigorously review and strengthen their asset custody measures.

Hong Kong Tourism Board: 4.39 million visitors in July, up 12% year-on-year.

The Hong Kong Tourism Board announced that the preliminary number of visitors to Hong Kong in July this year was 4.39 million, an increase of 12% from the previous year.

Hong Kong dollar interest rates are up across the board, with one-month interest rates at 1.45095%, reaching a near three-month high.

On August 15th, the Hong Kong dollar interbank interest rates all rose, with the one-month interbank rate related to the property sector reporting 1.45095%, an increase of 40.571 basis points, the highest since May 13th.

The Hong Kong Monetary Authority and the Securities and Futures Commission issued a joint statement: Watch out for stablecoin market fluctuations, rational investment is crucial.

The Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong have called on the public to remain cautious, carefully analyze relevant information, and avoid making irrational investment decisions based solely on market speculation or price trends. The public should bear in mind to make thoughtful and informed decisions in volatile environments, as reducing risks is crucial.

Hong Kong Property: In July, the profit ratio of second-hand private homes in Hong Kong was 62%, unchanged from the previous month.

The profit rate remained flat this year, and it is believed to be related to the stabilization of Hong Kong property prices during the period.

GUM: Total assets of the Hong Kong Mandatory Provident Fund market rose by 1.3% to HK$1.45 trillion in July.

As of July 31, the total assets of the Hong Kong Mandatory Provident Fund market increased by 1.3% to HK$1.45 trillion.

Unity Hong Kong Fund: It is expected that the waiting time for public housing will continue to fluctuate in the coming seasons, but the overall trend of long-term decrease remains unchanged.

Yip Man-ki, Chief Executive of Unison Hong Kong, stated that the waiting time for public housing applications has increased in the new season. He expects the waiting time to have the opportunity to continue fluctuating in the coming seasons, but the long-term downward trend remains unchanged.

In June, the overall export volume and import volume of goods in Hong Kong increased by 10.3% and 9.2% year on year, respectively.

On August 14, the Hong Kong government's Census and Statistics Department released the trade volume and price statistics for Hong Kong's external goods trade in June.

Hong Kong Monetary Authority: Overseas assets of foreign exchange funds in July decreased to HK$353.98 billion.

In July, the overseas assets of foreign exchange funds decreased by HK$56.4 billion to HK$353.98 billion. The monetary base was HK$204.26 billion, including debt instruments, government-issued circulating paper currency and coins, bank system balances, and foreign exchange fund bills and bonds already issued.

Zhongyuan mortgage: H+1% mortgage plan is promoted by individual banks. Fluctuations in interest rates may result in interest rates exceeding the cap rate.

Zhongyuan Mortgage Wang Meifeng responded that the bank's introduction of the H+1% mortgage plan is a promotion initiated by individual banks, and it may not necessarily prompt other banks to introduce the same mortgage plan.

The Hong Kong Gold Exchange publicly shouted market on the afternoon of August 14th to resume trading.

The Hong Kong Observatory issued a red rainstorm warning at 11:10 in the morning. The Hong Kong Gold Exchange announced that the open outcry market will resume in the afternoon.

Hong Kong Monetary Authority triggers weak-side guarantee again, buying HK$3.376 billion.

The Hong Kong Monetary Authority announced that after the close of trading in New York on August 14, they injected 33.76 billion Hong Kong dollars, reducing the total balance in the banking system to 537.16 billion Hong Kong dollars on August 15.

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