August 5, 2024
1 min read

Hong Kong Extends Market Horizons

Hong Kong to Enhance Market Ties with Europe, US, Australia, and the Middle East…reports Asian Lite News

Hong Kong will continue to expand its market reach in the second half of this year to deepen ties with investors in Europe, the US, Australia, and the Middle East, Hong Kong Special Administrative Region Financial Secretary Paul Chan said on Sunday.

Hong Kong’s overall economic situation is stable, with a 3.3 per cent year-on-year growth in GDP in the second quarter, Chan noted in his blog, Xinhua news agency reported.

While changes in consumer spending patterns and a relatively strong Hong Kong dollar put some pressure on private consumption, companies can meet the challenges and seize new opportunities by creating new business models and promoting high-quality products and services, he said.

In the first half of this year, about 700,000 of the 21 million visitors to Hong Kong were MICE (Meetings, Incentives, Conferences and Exhibitions) overnight visitors, recovering to 80 per cent of the pre-pandemic level, the fastest recovery among all overnight visitors, Chan noted, adding that the group stayed in Hong Kong longer and spent 20 to 30 per cent more per capita than overall visitors.

The Hong Kong Tourism Board has secured and bid for more than 60 major international conventions and exhibitions to be held in Hong Kong from this year to 2026, expected to attract at least 220,000 participants, Chan said.

“Hong Kong has outstanding international advantages and extensive business and personal connections with different places. It has always played a unique role in international trade and economics. Hong Kong should make good use of this advantage and function, and continue to contribute to the country and achieve better development for itself,” Chan said.

ALSO READ: USD Costs More in Bangladesh

Previous Story

India Cautions Against Travel to Bangladesh Amid Violence

Next Story

Zelensky Announces Arrival of F-16s in Ukraine

Latest from -Top News

Pakistan on the Brink: War, Weakness, Woes

The reason behind growing anxiety and consternation in Islamabad is the depleting reserves of its military’s artillery and ammunition and also a ruined economy…reports Asian Lite News As the tensions between India

UNSC Convenes Over India-Pak Crisis

Pakistan is currently an elected member of the Council and will participate in the meeting….reports Asian Lite News The United Nations Security Council (UNSC) will be holding a closed-door meeting on Monday

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister
Go toTop

Don't Miss

Cathay Pacific extends Dubai-Hong Kong services

The first resumed flight was positively received by customers and

Hong Kong people lament Chinese control

The results speak for themselves. As Carmen Lau, an exiled