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人财物流“三旺”,香港逆风向前|湾区观察
CATLCATL(HK:03750) Di Yi Cai Jing·2025-05-28 07:56

Group 1: Economic Resilience of Hong Kong - Hong Kong's comprehensive competitiveness is rising against the backdrop of global economic challenges, showcasing its unique dual role as a "free port" and "super connector" [1] - Despite the trade war initiated by the US, Hong Kong's import and export performance remains robust, with April exports valued at HKD 434.5 billion, a year-on-year increase of 14.7%, and imports at HKD 450.5 billion, up 15.8% [2] - In the first four months of the year, overall export value increased by 11.9% and import value by 11.4%, with a trade deficit of HKD 96.9 billion, representing 5.7% of import value [2] Group 2: Trade Partnerships and Market Dynamics - Hong Kong's exports to ASEAN countries have surpassed those to the US, with the latter's share in Hong Kong's total exports decreasing from 8.6% in 2018 to an estimated 6.5% in 2024 [3] - The Hong Kong government has maintained a zero-tariff policy on all imports, including those from the US, to uphold its "free port" image and mitigate the negative impacts of the trade war [3] - Hong Kong has signed nine free trade agreements with 21 economies and 24 investment agreements with 33 economies, enhancing its global trade network [3] Group 3: Capital Market Developments - The recent IPO of Ningde Times in Hong Kong marked the largest IPO globally this year and the largest in four years for the city, reflecting investor confidence [5][6] - The total amount raised from new stock offerings in Hong Kong has exceeded HKD 76 billion this year, a more than sevenfold increase compared to the same period last year [6] - The Hong Kong Stock Exchange has seen a resurgence in its capital market value, supported by the listing of major mainland companies [7] Group 4: Talent Attraction and Educational Initiatives - Hong Kong universities are increasing their non-local student admission quotas from 20% to 40% starting from the 2024/2025 academic year, in response to rising application numbers [9] - The Hong Kong government is actively promoting the "Study in Hong Kong" initiative to attract international students, particularly in light of recent US immigration policies [10] - The total number of visitors to Hong Kong is projected to reach approximately 298 million in 2024, a 41% increase from 2023, indicating a recovery in tourism [11]