〈The Standard, June 28, 2025〉China's central bank said on Friday that it would adjust the pace and intensity of policy implementation in response to domestic and global economic and financial conditions.
The world's No.2 economy has faced pressure this year due to US President Donald Trump's imposition of tariffs on Chinese products and persistent deflationary pressure at home.
"The external environment has grown increasingly complex and challenging, with weakening momentum in global economic growth, rising trade barriers, and diverging economic performance among major economies," the People's Bank of China (PBOC) said in a summary of its quarterly monetary policy committee meeting.
〈Hong Kong Business, June 27, 2025〉The Housing Authority has drawn ballots to determine the priority ranking of applications under the White Form Secondary Market Scheme (WSM) 2024.
Of the applications received, over 80% came from young applicants applying to the newly implemented WSM Youth Scheme.
Approval letters will be issued to successful applicants in the third or fourth quarter of this year. Applicants can use the certificate to purchase a flat within the one-year validity period.
In January, the Subsidised Housing Committee said the number of places on offer will be increased by 1,500 to 6,000. All of the additional places will be allocated to applicants aged below 40.
〈Asian Post, June 26, 2025〉Hong Kong’s economy is still projected to grow by 2.5% in 2025 with resilient external trade but sluggish private consumption, said Hang Seng Bank Economic Research on Thursday.
Hong Kong's GDP increased 3.1% year on year (YoY) in Q1.
Despite reciprocal tariffs imposed by the US in April, total exports still rose 15% year-on-year (YoY), thanks to the strong growth from mainland China and Southeast Asian countries.
The external environment remains challenging as tariffs slowed down the exports to the US. Increasing reluctance of foreign countries in absorbing additional supply from Hong Kong also made export growth uncertain.
〈Hong Kong Business, June 25, 2025〉Consumer prices rose 1.9% year-on-year in May, slightly below the 2% increase recorded in April, according to the Census & Statistics Department.
After excluding the impact of the Government’s one-off relief measures, the underlying inflation rate stood at 1%, also easing from the previous month.
The data showed that prices increased across several categories, including electricity, gas and water; housing; transport; miscellaneous services; meals out and takeaway food; miscellaneous goods; and alcoholic drinks and tobacco.
〈RTHK News, June 24, 2025〉Hong Kong home prices stayed flat in May following a rebound in April, leading analysts to believe the city's property prices are likely to stay stable following a recent decline in interest rates.
Data released by the Rating and Valuation Department on Thursday showed that the home price index stood at 286.9 in May, up by 0.04 percent from a month earlier but almost 6.2 percent lower from a year ago.
The index had risen by 0.35 percent on a monthly basis in April.
Prices for small, medium and large-sized units all edged higher in May.
