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HONG KONG, 26 FEBRUARY 2025 — The Hong Kong SAR Government (the Government) announced the Hong Kong Budget 2025-26 (the budget) today, in which a revised deficit of HK$87.2 billion will be recorded for the financial year 2024-25, which is slightly shy of double of their original forecast of HK$48 billion. Amid uncertainties in the global economic outlook, including the challenging international geopolitical landscape, the Financial Secretary (FS) adopted a “reinforced version” of the fiscal consolidation program, including containing public expenditure while minimizing the impact on public services and people’s livelihood.
BEIJING, 13 FEBRUARY 2025 — Today, EY Greater China (hereinafter referred to as EY) released the Overview of China outbound investment of 2024. According to the report, China's overall ODI grew by 10% YoY to US$162.8 billion in 2024. Non-financial ODI increased by 11% YoY. Although the total value of overseas M&A announced by Chinese enterprises decreased by 31% YoY to US$30.7 billion, both value and deal volume in countries and regions such as Africa, Japan, South Korea, the Nordics, India and Brazil rose against the trend.
