Asia / Hong Kong

Hong Kong

Group Research / February 01, 2020

Photo Credit - AFP

Hong Kong
 20192020f2021f2022f
GDP growth, % YoY-1.2-6.16.02.3
CPI inflation, % YoY2.90.32.02.5
 3Q214Q211Q222Q223Q22
Exchange rates, end of period7.777.787.787.797.79
Policy interest rates, end of period

Hong Kong Industry Insights

Hong Kong / Consumer
Hong Kong Retail: Structural positives not in price

Hong Kong Retail: Structural positives not in price

July 16, 2021

We believe Hong Kong could start receiving mainland tourists as early October 2021, which will bode well for its retail sector.

Read More
Hong Kong / Consumer
China/HK Auto: Moving towards sustainable mobility

China/HK Auto: Moving towards sustainable mobility

June 22, 2021

Chinese automakers are stepping up to improve their sustainable mobility initiatives and climate-related financial disclosures. Find out who is racin...

Read More
Hong Kong / Financials
Asia Insurers: Strong structural drivers ahead

Asia Insurers: Strong structural drivers ahead

June 07, 2021

We are positive on Asian insurers, in view of clear structural drivers, rapid wealth accumulation, and an underpenetrated market. Find out which name...

Read More

Hong Kong Economics Insights

Hong Kong / Interest rates,GDP
HKD Rates: HIBORs to remain anchored

HKD Rates: HIBORs to remain anchored

July 06, 2021

HIBORs are expected to remain anchored until the US rate hike kicks in 2023.

Read More
Hong Kong / GDP
Hong Kong: Upward revision of HK outlook

Hong Kong: Upward revision of HK outlook

May 04, 2021

Assuming the border can be gradually re-opened by end of 2Q / early 3Q, the GDP forecast is upward revised from 4.0% to 6.0%.

Read More
Hong Kong / GDP
Hong Kong: Cautiously optimistic outlook

Hong Kong: Cautiously optimistic outlook

February 01, 2021

The recovery of consumption and tourism sector will hinge crucially on the vaccine rollout.

Read More

Hong Kong Economics Daily

Hong Kong / Interest Rate
HKD Rates: IPOs, issuances & global recovery

HKD Rates: IPOs, issuances & global recovery

February 08, 2021

The HKD interest rates curve will likely steepen further in tandem with US (and DM curves) over the course of the year.

Read More
Hong Kong / Growth
Chart of the Week: Hong Kong’s retail sales and tourism downturn

Chart of the Week: Hong Kong’s retail sales and tourism downturn

August 19, 2019

We are concerned that weakening of retail sales momentum could eventually feed through to commercial rental and the broader economy.

Read More

Hong Kong Equities

Hong Kong / Equity Picks
Hong Kong Equity Picks

Hong Kong Equity Picks

July 05, 2021

Avoid names with risks related to inflation

Read More
Hong Kong / Equities
China/HK Market: Can companies really pass on costs?

China/HK Market: Can companies really pass on costs?

July 02, 2021

We believe China/Hong Kong firms will be able to pass on costs but not as fast as expected. This could lead to negative earnings surprise and guidanc...

Read More
Hong Kong / Equities
China/HK Market: Time to revisit new economy blue chips

China/HK Market: Time to revisit new economy blue chips

June 04, 2021

We are rotating our material sector exposure to more new economy exposure in Hong Kong. Find out why and which names made it to our top picks.

Read More

Disclaimers and Important Notices

The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

DBS Bank Ltd., 12 Marina Blvd, Marina Bay Financial Center Tower 3, Singapore 018982. Tel: 65-6878-8888. Company Registration No. 196800306E. DBS Bank Ltd., Hong Kong Branch, a company incorporated in Singapore with limited liability. 18th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong.

PT Bank DBS Indonesia, DBS Bank Tower, 33rd floor, Ciputra World 1, Jalan Prof. Dr. Satrio Kav 3-5, Jakarta, 12940, Indonesia. Tel: 62-21-2988-4000. Company Registration No. 09.03.1.64.96422

The information set out in this website ("Information") is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of or located in any locality, state, country, or other jurisdiction (including but not limited to citizens or residents of the United States of America) where such distribution, publication, availability or use would be contrary to law or regulation. This Information is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction (including but not limited to the United States of America) where such an offer or solicitation would be contrary to law or regulation. This Information is published for general circulation only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Visitors accessing this website should always seek advice from an independent financial adviser regarding the suitability of the Information referred to herein (taking into account the specific investment objectives, financial situation and/or particular needs of each person in receipt of the Information) before making any investment and/or any purchase in reliance of the Information. Please refer to the actual research publications for important disclaimers and disclosures, where applicable.