Weekly

The International Monetary Fund (IMF) predicted earlier that there would be zero economic growth in the Asian region this year. Observing the economic and trade activities in various regions, due to the longer-than-expected closure of several regions,

Asian economic forecasts will be lowered in the future.  According to the organization's observation, China performed better than other regions in the entire Asian region. The main reason is that its deadline was earliest, even though the economic performance in the first quarter was similar to the IMF's expectation.

However, economic activity has shown signs of bottoming out since the second quarter and is expected to have a better pace of recovery than other regions.  The organization said that the import and export of goods and people have been reduced under the epidemic situation, and countries should strengthen cooperation in the future.

We also hope that the improvement of international trade relations will help the global recovery.  Finally, it points out that Hong Kong's position as a golden ball financial center is very important not only to China but also to other parts of the world.

It is hoped that Hong Kong will maintain its status as an international financial center.  U.S. stocks hit a new high as soon as possible, pushing Hong Kong stocks up 280 points to 25,057 points yesterday, a three-month high and recovering 25,000 points.

It rose for 7 consecutive trading days.  A shares also reported a victory, with the Shanghai and Shenzhen indexes rising three times and four times respectively.  Although the stock market is booming, large listed companies are also languishing. Cathay Pacific, which is losing billions of dollars a month, has turned to the government for recapitalization.

The Hong Kong government will spend 273 yuan through the Land Fund to assist shareholders in the implementation of the share supply plan.  The group said that capital restructuring was the only way to save the group, and unless it was supported by the government, it would have to close down.

U.S. stocks developed individually and technology stocks continued to improve, driving the Nasdaq index to break the top again, breaking the 10,000 mark for the first time.  Dow Jones index and S&P 500 index fell.  In addition, investors are concerned about the Federal Reserve's interest rate meeting.

The market is not expected to adjust interest rates, but is concerned about the administration's view on the current economic situation.  Gold prices also continued to climb and returned to 1700 levels as the US dollar weakened, closing at 1714 with a peak of 1721.

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