HK Financial Industry Business Increases 58%
Hong Kong's Census and Statistics Department announced on Tuesday that boosted
by a buoyant local stock market, second quarter business receipts for the financial
industry, grew 57.7% over the same period last year. According to provisional figures released by the Department, Hong Kong's service
industres recorded almost an across-the-board rise in business receipts. Other service industries recording notable year-on-year increases in business
receipts were banking (+24.1%), insurance (+21.3%), business services (+17.4%),
hotels (+15.4%), transport (+12.5%) and restaurants (+11.1%). The real estate
industry recorded a 5.1% fall. Comparing the second quarter with the first, most service industries also recorded
increases in business receipts. Those reporting bigger growth are the import
and export trade (+9.3%) and banking (+7.4%) industries, while the film-entertainment
industry saw a fall in business receipts (-2.9%). Aided by growth in inbound tourism, business receipts of the tourism, convention
and exhibition services sector grew 17.9%. .
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