Hong Kong Economic Outlook Improves as Chan Sees Second-Half Strength

Hong Kong Financial Secretary Paul Chan Mo-po said he remains cautiously optimistic about the city’s performance during the second half of the year, citing resilient exports, improving consumer activity and a stable asset market.

The Hong Kong economic outlook has strengthened despite ongoing geopolitical uncertainty and concerns surrounding global growth.

Chan said second-quarter exports have remained solid, while retail and catering sectors continue to recover.

He added that the impact of Middle East tensions on oil prices has been relatively limited for Hong Kong compared with other economies, helping to support business confidence and consumer spending.

The government also expects major events and tourism-related activities to continue boosting domestic demand.

Chan noted that the property market is steadily improving and that authorities retain flexibility to release additional land supply if market conditions require it.

The Hong Kong economic outlook is further supported by expectations that the government’s operating account will return to surplus this financial year, although capital spending associated with the Northern Metropolis development will keep the capital account in deficit.