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【Bay Area Morning Brief】The overall business atmosphere for CSI has improved; one-quarter of new energy vehicles in the country are produced in Guangdong.
1. Market News 1. Hong Kong Mandatory Provident Fund: 2024 net return of 8.6%. The Chairman of the Mandatory Provident Fund Authority, Liu Mai Jiaxuan, stated that in the past year, the performance of the Mandatory Provident Fund showed that its total asset net value rose to 1,300 billion yuan by the end of the year, with an average net return of 8.6% for the entire year. However, she pointed out that the overall average net return of the Mandatory Provident Fund is a generalized Statistics figure, with each plan member having their own different investment goals and choosing their own investment portfolios, resulting in varying returns. 2. Hong Kong Census and Statistics Department: Improvement in the overall business atmosphere for CSI. The Hong Kong Special Administrative Region Government Census and Statistics Department reported on the 10th that the business conditions of CSI are recorded in a monthly survey.
Standard Chartered's CSI for Hong Kong's small and medium-sized enterprises stands at 45.7, with investment from Hong Kong's small and medium-sized enterprises still cautious.
The Hong Kong Productivity Council announced the fourth quarter 'Standard Chartered Hong Kong Small and Medium Enterprise Leading Business Index', with a comprehensive business index of 45.7 in the fourth quarter, up 3.2 from the previous quarter, returning to the level of the third quarter of last year.
The Productivity Council held a government-funded technology expo to assist local CSI in digital transformation.
The Hong Kong Productivity Council announced that starting today (29th), a two-day event called 'SME Financing Group: Government Funding and Technology Expo 2024' will be held to provide information on government funding schemes, assist small and medium-sized enterprises in digital transformation, and inject new power into the continuous development of small and medium-sized enterprises. The expo consists of 5 exhibition zones, covering areas such as government funding schemes, digital transformation, e-commerce, business expansion zone, and environment, society, and corporate governance. The event also includes 10 thematic seminars where experts will share information on government funding, digital transformation, and e-commerce, allowing small and medium-sized enterprises to understand the latest market trends on the spot.
The overall business atmosphere of csi in Hong Kong has stabilized, with overall business conditions expected to improve.
A spokesperson for the Hong Kong government stated that the overall business atmosphere for small and medium-sized enterprises in September has stabilized, and the overall expectations for business conditions in the next month have also improved.
The csi business revenue current trend index has fallen to 41.3.
According to the survey results of the government statistics department, the current trend index of business income for small and medium-sized enterprises has dropped from 41.8 in July to 41.3 in August, while the business income outlook index for the next month (September) is 45.4. Industry analysis shows that the current trend index of business income for some industries covered by the statistical survey has declined in August compared to the previous month, especially in the logistics industry (from 40.3 to 35.9) and the import and export trade industry (from 45.1 to 42.3). On the other hand, the current trend index of business income for the catering industry, retail trade, and commercial services industry has increased in August compared to the previous month. Import and export trade...
The Hong Kong SME Financing Guarantee Scheme has approved loans of more than HKD 280 billion, benefiting over 0.06 million enterprises.
The Hong Kong Bureau of Commerce and Economic Development has stated that the "SME Financing Guarantee Scheme" has approved over HKD 280 billion in loans as of the end of last month, benefiting more than 0.063 million enterprises. The "Budget Proposal" also announced an extension of the application period for 80% and 90% guaranteed loans under the scheme until the end of March 2026.