trending Market Intelligence /marketintelligence/en/news-insights/trending/3CBI_vdLxqLaHKVlNVvRvA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Hong Kong leader unveils measures as city slips into technical recession in Q3

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Hong Kong leader unveils measures as city slips into technical recession in Q3

Hong Kong Chief Executive Carrie Lam said it entered a technical recession in the third quarter as Lam unveiled measures aimed at restoring business confidence in the Asian financial hub amid monthslong protests.

In an annual policy address delivered Oct. 16, Lam said the Hong Kong economy recorded its worst performance in a decade with a modest 0.5% year-over-year growth during the first half of the year.

"Violent acts in recent months have aggravated the situation, posing an unprecedented challenge to our economy. ... We consider that the Hong Kong economy has already slipped into a technical recession since the third quarter," Lam said.

In mid-August, the government cut its 2019 growth outlook to a range of 0% to 1% from an estimate of 2% to 3% in May as it grappled with citywide demonstrations in the wake of the now-withdrawn extradition bill.

To help boost the economy and calm public discontent, Lam in her speech introduced measures such as land supply expansion for housing development, a proposal to hike household allowances and improvements to public transport subsidies. The government also intends to provide tax concessions for local businesses seeking to shift from exports to domestic sales.

Lam delivered her address over a video feed after several lawmakers interrupted her attempt to make a speech in the legislature.