Hong Kong’s financial secretary said strong economic growth will continue to lift Hong Kong consumer spending. He explained that steady expansion and a vibrant financial market will help boost purchasing activity. Moreover, this momentum is expected to support businesses across the city.
Paul Chan noted that the upcoming figures for restaurant revenue should show an increase compared with last year. He also pointed out that property prices have risen recently. In addition, real estate transactions jumped significantly compared to the previous quarter, which could influence overall consumer spending in Hong Kong.
The outlook for Hong Kong consumer spending remains positive due to consistent economic performance. The economy grew by 3.1 percent in the last quarter, marking the tenth straight quarter of growth. Furthermore, retail sales rose slightly, reflecting a stable market. Chan stressed that rising incomes will further encourage household consumption.
He highlighted how tourism, retail, and catering sectors have adopted creative strategies to attract both locals and visitors. The Hong Kong Football Festival 2025 provided a major boost to spending. The event featured top football clubs such as Arsenal, Tottenham Hotspur, Liverpool FC, and AC Milan. Around 100,000 fans attended, and one game set a record for the most-attended sports event at the new Kai Tak Stadium, helping drive Hong Kong retail and dining sales.
According to Chan, such events prove that entertainment and sports can contribute significantly to Hong Kong consumer spending. Large crowds generate revenue for multiple industries while also enhancing the city’s global reputation as an event hub.
The government plans to work with industries to bring in more large-scale events. These activities will attract international visitors while offering fresh experiences to locals. As Chan noted, the combination of strong economic growth and exciting events can create a powerful push for spending.
In addition, the financial secretary stressed the need for businesses to adapt to changing market conditions. Companies that innovate and diversify their offerings will benefit most from the positive trend in Hong Kong consumer activity. Consequently, both small enterprises and major corporations have reasons to remain optimistic.
In conclusion, the strong performance of Hong Kong consumer spending reflects a solid foundation built on steady growth, rising incomes, and dynamic events. With continued cooperation between the government and private sector, the city is well-positioned for further gains in consumption.
