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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen

CE-elect's office established

The Government announced today that the Office of the Chief Executive-elect has been set up to ensure a smooth transition to the new term of government following the 2022 Chief Executive Election this Sunday.   Former Director of Administration Daniel Cheng has assumed the post of Secretary-General (designate) of the office.   The office will support the Chief Executive-elect in forming a governing team and preparing for policy plans based on the Chief Executive-elect’s manifesto.   It will also collaborate with the incumbent Government for a smooth transition, including making arrangements for major events relating to the celebration of the 25th anniversary of Hong Kong’s return to the motherland, and liaise with different sectors of the community.   Housed on the 26th floor of the Immigration Tower in Wan Chai, the office will have five directorate posts and over 20 non-directorate places. It will formally operate from the day the sixth-term CE is elected and will close by June 30.   On Mr Cheng’s appointment, Secretary for the Civil Service Patrick Nip said: “Mr Cheng is a seasoned administrative officer with rich experience in public administration. I believe that he will serve with professionalism in the new capacity to ensure a smooth transition to the new term of government.”   Separately, Director-General of Trade & Industry Brian Lo will succeed Mr Cheng as Director of Administration from today.   “Mr Lo is a seasoned administrative officer with proven leadership and management skills. I have every confidence that he will serve with professionalism in his new capacity,” Mr Nip stated.
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