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news Scmp World 2026-05-03

Hong Kong Forecasts Strongest Quarterly Growth in Five Years

Hong Kong's finance chief, Paul Chan Mo-po, announced that the city is on track for its strongest quarterly growth in nearly five years. This positive outlook is supported by a 17 percent increase in visitor numbers and a 5.2 percent rise in retail and catering activity. Chan highlighted that 602,000 visitors entered Hong Kong during the first two days of mainland China's Labour Day 'golden week'.


Hong Kong is set for its strongest quarterly growth in almost five years, the city’s finance chief has said, citing a 17 per cent rise in visitor numbers and a 5.2 per cent increase in retail and catering activity. Financial Secretary Paul Chan Mo-po said in his Sunday blog that 602,000 visitors entered Hong Kong in the first two days of mainland China’s Labour Day “golden week”, up 6 per cent year on year. Despite a complex and rapidly changing external environment, Chan said Hong Kong’s...

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