Third-quarter GDP growth slows
Hong Kong’s economic growth slowed notably in the third quarter of 2008, with GDP rising 1.7% year-on-year after a 4.2% increase in the second quarter, according to the Third Quarter Economic Report 2008 released by the Hong Kong Special Administrative Region Government.

IMF supports government's efforts to safeguard financial stability
An International Monetary Fund (IMF) staff mission to Hong Kong welcomed the Hong Kong Special Administrative Region Government’s various measures to safeguard the stability of the financial system and maintained its long-standing support for the Linked Exchange-Rate System (LERS).

‘Three Links’ to enhance economic opportunities
Hong Kong should not worry about the implementation of “Three Links,” (direct postal, transportation and trade links between mainland China and Taiwan) which, in fact, would bring new momentum and opportunities to the economic development of the Mainland, Taiwan and Hong Kong, said Hong Kong Financial Secretary John C. Tsang.

Government proposes more support for smaller businesses
On November 10, the Hong Kong Special Administrative Region Government put forward two further support measures to help small and medium-sized enterprises (SMEs) amid the current financial crisis.

Government budgets US$346.15 million to support 5 R&D centers
The Hong Kong Special Administrative Region Government (HKSARG) has budgeted approximately US$346.15 million to support its five research and development (R&D) centers over their first five years, said Deputy Commissioner for Innovation and Technology Gordon Leung.

Hong Kong's wireless infrastructure continues to expand at a fast pace
With the city’s broadband wireless infrastructure developing rapidly, Hong Kong is making headway toward becoming a ubiquitous computing society, said Acting Government Chief Information Officer Stephen Mak.

Competition policy report released
The Hong Kong Competition Policy Advisory Group (COMPAG) published its 2007-08 annual report on November 17.