HK Economy- Highlight
19 Sept 2017
Some US$210 billion a year will be needed for infrastructure development in ASEAN from 2016 to 2030. Hong Kong and its infrastructure and real estate services companies are well-positioned to participate in the ASEAN infrastructure market. This is because in view of the huge investment needs, the private sector and foreign investment are expected to play a greater role in bridging the funding gap and bringing in the expertise for building the projects.
Overall, the HKTDC Export Index dropped to 46.2 in 3Q17, marginally down from its 16-quarter high of 50.1 in 2Q17. This indicates that the confidence level of Hong Kong exporters has returned to negative territory, with exporters taking a conservative view of their short-term sales prospects.
Hong Kong has a small cosmetics and toiletries manufacturing sector, with a number of companies producing mid-priced toiletries and perfumes under their own brands. Choi Fung Hong’s cosmetic brands, such as Joseristine, for instance, are made in Hong Kong.