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Economic Growth in Quarter 2 of 2017 in Hong Kong

Written by: Editor

Economic-Growth-in-Quarter-2-of-2017-in-Hong-Kong.jpgHong Kong recorded a 3.8% growth during the second quarter of 2017, making it necessary for specialists to revise their predictions for the GDP growth forecast this year. This recorded growth is compared to the same period in 2016. The increase is due to investments in Hong Kong, in part, and to exports. Company formation in Hong Kong is an easy process and investors are likely to have an increased investment sentiment, due to this positive evolution.

A better than expected growth

 
The GDP forecast for Hong Kong in 2017 remains strong as the city recorded a better than predicted economic boost: 3.8% in the second quarter of the year, compared to the same period in 2016. This economic growth is a sustained one, having been preceded by a similar growth, of 4.3% in the previous quarter of 2017.
 
A significant factor in the full percentage growth (from 3% to 4%) was the evolution of the total goods exported from Hong Kong. The export business grew by 5.6% in the second quarter of 2017, on a year-on-year basis.  Experts believe that should no significant external events take place, the economy of the city will continue to grow at this favorable pace.
 
Foreign investors who, in light of the positive economic trend, are interested in company formation in Hong Kong, can request specialized incorporation assistance from one of our experts.
 
 

The evolution of the Hong Kong property market

 
The property market was another area that remained on a positive trend. The prices for residential property rose by 5% from March to June. One of the top investors in real estate in Hong Kong are those from Mainland China. If you are a Chinese investor who wants to know more about the prices and conditions for land and real estate investment in Hong Kong, you can talk to one of our company formation agents in Hong Kong.
 
Experts have also highlighted a slight reason to remain alert: the evolutions of the external environment, namely the U.S. monetary policy and policy differences between large bank groups and the Brexit. 
 
Contact us for more information about investments or about opening a Hong Kong company.
 

 

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