Hong Kong Inland Revenue Department: Reducing the tax reserve certificate interest rate to 0.7167%, effective from November 4th.
The Hong Kong Inland Revenue Department announced today that starting from November 4, 2024, the new annual rate for interest on tax reserve certificates will change from the current 0.8000% to 0.7167%, which means that under the new rate, 0.0597 yuan of interest can be earned per 100 yuan per month.
China Business Sector Edges Into Expansion in October: PMI Report
Hong Kong's third-quarter local gross domestic product is estimated to increase by 1.8% year-on-year.
The Census and Statistics Department of the Hong Kong government released the preliminary estimate of the Gross Domestic Product for the third quarter of 2024.
Hong Kong's GDP grew by 1.8% year-on-year in the third quarter, exceeding expectations.
Great Wall News October 31st｜Hong Kong's third quarter GDP annual rate initial value 1.8%, expected 3.1%, previous value 3.30%; quarterly initial value -1.1%, expected 0%, previous value 0.40%.
Stronger China Services Sector Activity Drives Up PMI -- Market Talk
Corporate loan interest rates hit a new low! In the first three quarters, the financial system in peking provided a total financing volume of nearly 950 billion yuan. In September, the average weighted interest rate for corporate loans dropped to 2.87%.
1. In the first three quarters of this year, Peking's financial institutions continued to show a growing trend in credit volume. As of the end of September, the RMB loan balance and deposit balance increased by 5.4% and 9.4% year-on-year, respectively. 2. Since the beginning of this year, the weighted average interest rate of new corporate loans issued by financial institutions in Peking has remained at a low level, with the September average interest rate for corporate loans at 2.87%, reaching a new record low in statistics.