The Hong Kong dollar overnight interbank rate reached a new high for the year on month-end settlement day, but the one-month and three-month rates fell below 4%.
On April 30, before the month-end and the May Day holiday, the Hong Kong dollar interbank interest rate softened, with the overnight rate rising by 22 basis points to 4.5%, the highest since December 31 of last year, while other maturities softened, with both one-month and three-month rates falling below 4%.
National Bureau of Statistics: In April, the manufacturing purchasing managers' Index was 49.0%, a decrease of 1.5 percentage points from the previous month.
On April 30th, the National Bureau of Statistics released the running situation of China's Purchasing Manager Index for April 2025.
National Statistics Bureau interpretation: In April, the Manufacturing Purchasing Managers' Index saw a decline, while the Non-Manufacturing Business Activity Index continued to expand.
The National Bureau of Statistics Service Industry Survey Center and China Federation of Logistics and Purchasing released the China Purchasing Managers' Index. In this regard, Zhao Qinghe, a senior statistician from the National Bureau of Statistics Service Industry Survey Center, provided an interpretation.
Hong Kong's Goods Exports, Imports Rise in March
China to Roll Out More Stimulus, Confident in Meeting 2025 Growth Target- Official
Paul Chan Mo-po: The GDP figures for Hong Kong are expected to show steady performance in the first quarter.
Paul Chan Mo-po stated that, driven by various positive factors, the preliminary estimate of the first quarter local gross domestic product (GDP) announced this week is expected to show robust performance.
