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CFA Society Hong Kong 30th Anniversary

CFA Society Hong Kong (the Society) is celebrating the 30th anniversary of its founding in 1992. In celebration of its achievements, the Society rolled out a series of marketing communications programs to increase our brand awareness. The Society shares the mission of CFA Institute in raising the professional and ethical standards of financial analysts and investment practitioners through advocacy and continuing education efforts. In addition to promoting the CFA designation in Hong Kong, the Society aims to provide a forum for members, CFA Institute, other investment practitioners and regulators for networking and the exchange of industry insights and best practices. The Society is led by the Board of Directors, monitored by its Non-Executive Directors (NEDs) and advised by the Advisory Board, providing a broad range of perspectives on issues relating to the Society and protecting the interests of members. The Society is mostly run by member volunteers with the support of a team of fu

June retail sales up 5.8%

The value of total retail sales in June, provisionally estimated at $28.1 billion, rose 5.8% compared with the same month in 2020, the Census & Statistics Department announced today.   Of the total retail sales value in June, online sales accounted for 8.1%. Provisionally estimated at $2.3 billion, the value of online retail sales increased 63.8% year-on-year.   After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales for the month increased 2.8% compared with a year earlier.   The value of sales of other consumer goods, not elsewhere classified increased 16%.   This was followed by sales of jewellery, watches and clocks, and valuable gifts (+31.8% in value); wearing apparel (+18.8%); electrical goods and other consumer durable goods, not elsewhere classified (+10.6%); medicines and cosmetics (+8.9%); motor vehicles and parts (+36%); fuels (+5.1%); Chinese drugs and herbs (+10.8%); books, newspapers, stationery and gifts (+6.8%).   The value of sales of commodities in supermarkets decreased 7% for the period, followed by sales of food, alcoholic drinks and tobacco (-1.6% in value); commodities in department stores (-20.3% in value); furniture and fixtures (-3.6%); footwear, allied products and other clothing accessories (-1.8%) and optical shops (-2.7%).   The Government said that retail sales further increased in June on a year-on-year basis as consumption demand revived further alongside the stable local epidemic and improved labour market situations.   For the second quarter as a whole, retail sales volume grew by 3.6% over the preceding quarter after seasonal adjustment, but it still stayed far below the pre-recession level with incoming visitors remaining scant.   Looking ahead, the Government pointed out that the Consumption Voucher Scheme will help stimulate local consumer sentiment and provide support to the retail sector.   To create conditions for further improvement in retail business and a broader based economic recovery, it is essential for the community to keep the epidemic under control and strive towards more widespread vaccination, it added.
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