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Chen Maobo: In the second half of the year, he will visit Europe, America and other places to fully explore new markets

2024-08-05   

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, stated on the 4th that the overall economic situation in Hong Kong is stable and will continue to maintain growth. In the second half of the year, we will visit Europe, America, Australia, and the Middle East to consolidate our traditional market investors and funds with close ties to Hong Kong, while fully exploring potential new markets and sources of funding. On the same day, Chan Mo po posted a blog stating that among the three driving forces behind Hong Kong's economy, exports of goods continued to increase by 7.6% year-on-year in the second quarter, investment spending increased by 6%, supporting a 3.3% year-on-year growth in gross domestic product in the second quarter of this year. However, changes in the consumption patterns of tourists and citizens, as well as the strong exchange rate of the Hong Kong dollar, have brought certain pressure to private consumption. Chen Maobo stated that in the face of challenges, as long as enterprises can gather resources, innovate flexibly, and make good use of technology to bring more new breakthroughs to their business, and even create new business models, they believe they can create new opportunities. Chen Maobo said that among the 21 million visitors to Hong Kong in the first half of this year, about 700000 were overnight exhibition visitors, which has recovered to 80% of the same period before the epidemic and is the fastest recovering group among all types of overnight visitors. Their stay in Hong Kong is longer than the average, and their per capita consumption is 20% to 30% higher than the overall number of tourists. The SAR government will continue to strengthen the development of high consumption customer sources. The Hong Kong Tourism Board has facilitated and bid for over 60 large-scale international exhibition events, which will be held in Hong Kong from this year to 2026 and are expected to attract at least 220000 participants. Hong Kong has outstanding internationalization advantages and extensive business and networking relationships 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, continuously contribute to the country, and achieve better development for itself Chen Maobo said. (New Society)

Edit:Lubaikang Responsible editor:Chenze

Source:xinhuanet

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