A survey shows that the current market index of Hong Kong's business in the first quarter of this year has deteriorated, and the largest decline in cities in the Guangdong -Hong Kong -Macao Greater Bay Area.
Comprehensive Sing Tao Daily and Radio Hong Kong reported that the above survey was jointly conducted by Standard Chartered Bank and the Hong Kong Trade Development Agency, with 1,000 interviewed companies.
Standard Chartered Bank on Wednesday (April 17), the Standard Chartered Greater Bay Area Business Establishment Index, shows that in the first quarter, the "current status index" increased by 2.9 points to 54.3 points in the first quarter, which was 11 to 11.A new high since this quarter; the "expected index" has remained at 54 points, and the quarterly declines by 0.1 points, reflecting the current business environment of the Greater Bay Area cities is improving.
But the survey shows that due to factors such as stock market fluctuations, compared with other cities in the Greater Bay Area, the current status and expectations of Hong Kong's business activities and expectations are the weakest.From 43.3 points, it is the worst performance in 11 cities in the Greater Bay Area, and it is also the only city that is less than 50 in the index.
Fan Wan'er, researcher at the Trade and Development Bureau, said that factors such as stock market fluctuations are the reason why Hong Kong performed unsatisfactory in the above index.Under the Lianhui system, the Hong Kong dollar has strengthened with the strength of the US dollar. Foreign exchange differences accelerate the outflow of consumption power in Hong Kong, which affects the business business of Hong Kong's local market and is not conducive to Hong Kong export trade.
Fan Wan'er believes that these are just cyclical factor. When the United States cuts interest rates as expected, it will clearly support Hong Kong exports and internal consumption.
Liu Jianheng, a senior economist in Standard Chartered Greater China, said that he noticed that the de -inventory pressure of the company was decreasing, and some companies even began to supplement inventory.However, geopolitics still causes trouble to the business environment, and enterprises remain cautious.
