Hong Kong Raises 2025 Growth Forecast to 3.2%, Eyes Future Momentum

📌Key Points

• •Hong Kong's Financial Secretary Paul Chan revised the 2025 economic growth forecast to 3.2%, up from an earlier 2-3% estimate.
• •The city aims to bolster its roles as an international financial centre, innovation hub, and trade gateway to maintain momentum.
• •Strategies include attracting more IPOs, promoting yuan internationalization, developing AI and biotech, and facilitating Chinese companies' overseas expansion.
• •Current growth is driven by resilient exports, strong investment, and recovering consumption, with the Hang Seng Index up 30% in 2024.
• •A positive economic outlook is projected for 2026, supported by anticipated growth in mainland China, Asia, and global interest rate cuts.
• •Hong Kong is leveraging national development strategies, including China's 15th five-year plan, to guide its economic direction.