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HK economy still has room for growth says Bank of East Asia

At a recent forum, Adrian David Li Man-Kiu, Co-Chief Executive of the Bank of East Asia (BEA), expressed optimism about the growth potential in Hong Kong’s key sectors. He cited consumption, retail, tourism, infrastructure projects, and talent attraction as drivers for economic boost. Despite global uncertainties, Li anticipates a positive turn with the US Federal Reserve’s expected interest rate cuts mid-year, which could benefit the financial and investment climate. He also noted China’s emerging supportive policies as a stabilising force. Ricky Choi, BEA’s Chief Economist, projects 3.5% economic growth for Hong Kong this year, with the property market likely bottoming out by the end of the first quarter, encouraged by prospective rate cuts.

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