| Hong Kong Economy Archive: |
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Hong Kong Exports Rise 11.1% in July
Aug 28, 10:42 AM ET |
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| A visible trade deficit of $19.5 billion, equivalent to 6.8% of the value of imports of goods, was recorded in July 2008. |
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| In July 2008, the value of total exports of goods increased by 11.1% over a year earlier to $265.1 billion, after a year-on-year decrease of 0.6% in June 2008. Within this total, the value of re-exports increased by 12.4% to $256.4 billion in July 2008, whereas the value of domestic exports decreased by 16.3% to $8.8 billion. Concurrently, the value of imports of goods increased by 15.4% over a year earlier to $284.6 billion in July 2008, after a year-on-year increase of 1.3% in June 2008. |
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Hong Kong Composite Interest Rate Rises to 0.88%
Aug 19, 10:38 AM ET |
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| The Hong Kong Monetary Authority announced today the composite interest rate at the end of July 2008. |
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| The composite interest rate, which reflects the average cost of funds of banks, rose slightly by 3 basis points to 0.88% at the end of July 2008, from 0.85% at the end of June 2008. This followed an increase of 10 basis points in June 2008. |
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