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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

Financial advisers board named

The Government today announced the appointments to the Financial Services Development Council's board of directors.   The appointments are for two years from January 17.   The Chief Executive reappointed incumbent chairman Laurence Li and 12 incumbent members, and appointed three new members to the board.   Secretary for Financial Services & the Treasury Christopher Hui said under the chairman's leadership, the council has made great achievements in conducting research, promoting market development and nurturing talent for the betterment of Hong Kong's financial services industry.   Mr Hui said the reappointed members and new appointees are all seasoned practitioners with expertise in the financial services industry, adding that he was confident the board would continue to direct the council in accomplishing its work objectives.   He also thanked outgoing members Mark Dickens and Joe Ngai for their contributions over the past years.   Click here for the board of directors list.
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