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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

Attracting businesses discussed

Financial Secretary Paul Chan today chaired the first meeting of the Advisory Committee on Attracting Strategic Enterprises where members discussed the upcoming work plan and priorities in attracting strategic enterprises.   The scope of discussions covered strategic areas, scale of enterprises, talent and other policy support as well as promotion strategies.   Members emphasised the need to leverage on the many opportunities of the Mainland, especially the market size and other advantages of the Greater Bay Area, during investment promotion.   Mr Chan said the current-term Government has a new mindset to proactively reach out and established the Office for Attracting Strategic Enterprises as well as the dedicated teams for attracting businesses and talent.   Its aim is to attract representative and high potential strategic enterprises from around the globe, thereby enhancing Hong Kong’s competitiveness and accelerating the development of industries, he added.   The finance chief said the meeting is an excellent platform for the Government to have in-depth exchanges with leaders of different sectors, and thanked the advisory committee members for contributing valuable insights and advice at today’s meeting.   “I look forward to continuing working closely with all members to ensure that our efforts on attracting strategic enterprises are focused, efficient and effective.”   As announced in the 2022 Policy Address, the Government established the advisory committee, comprising representatives from the business sector and community leaders as well as government officials, to advise the Financial Secretary on the overall strategy of attracting strategic enterprises.
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