Hong Kong’s spending should not grow faster than its income, even though the city’s finances are improving, the financial secretary has said, added that the market expects the government to invest more to boost the economy.
But Paul Chan Mo-po on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales for December, set to be released on Tuesday, would show continued growth.
Retail sales in November 2025 was provisionally estimated at HK$33.7 billion (US$4.3 billion), representing a 6.5 per cent increase year on year.
The bourse’s benchmark Hang Seng Index closed at 27,387 last Friday, up by nearly 7 per cent for the month. January’s average daily turnover exceeded HK$272 billion, an increase of 90 per cent compared with the same period last year.
