Hong Kong’s retail sector recorded growth for a 15th consecutive month in July, with the government reporting a 4.5 per cent increase year on year, although the pace of expansion slowed amid adverse weather and continued outbound travel by residents. Retail sales value for the month reached HK$31 billion (US$4 billion), while sales in the…
Hong Kong has raised its full-year economic growth forecast for 2026 to a range of 3.5 to 4.5 per cent after expansion of 4.3 per cent in the second quarter, supported by buoyant external trade and resilient domestic demand. Releasing its half-yearly economic report on Friday, the government revised its 2026 growth forecast from the…
Hong Kong’s tourism industry has called for more experiential events and closer cross-border cooperation to draw visitors, after tourist spending fell to HK$197.5 billion last year, 44 per cent below its 2018 level. Lawmaker Perry Yiu Pak-leung, chairman of China Travel Service (Hong Kong) Limited, said on Friday that the fall reflected changing travel patterns,…
Hong Kong’s economy expanded by 4.3 per cent year on year in the second quarter of 2026, with the government expecting “solid growth” to continue for the remainder of the year. A government spokesman attributed the robust momentum to buoyant external trade and resilient domestic demand. “Looking ahead, the Hong Kong economy should continue to…
Hong Kong’s retail sales rose 5.5 per cent year on year in January, with authorities crediting inbound tourism for supporting the sector. Provisional figures released by the Census and Statistics Department on Wednesday showed sales reached HK$37.3 billion (US$4.77 billion) in January, marking the ninth straight month of growth since May 2025, after 14 consecutive…
Hongkongers made more than 1.4 million outbound trips over the Lunar New Year holiday, increasing by 20 per cent compared with 2019, while the number of arrivals over the same period remained lower than pre-pandemic levels. Immigration Department data released on Friday showed that from Lunar New Year’s Eve to the third day of the…
Accelerating innovation and creating more jobs will be key facets of the next annual budget, Hong Kong’s finance chief has vowed, while noting positive investor sentiment after several entities recently bought and leased commercial properties in the city. Financial Secretary Paul Chan Mo-po also said in his weekly blog post on Sunday that public consultation…