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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Hong Kong, December 28 (Xinhua) — Hong Kong Special Administrative Region (HKSAR) Finance Director Chen Maobo published a blog post on December 28, stating that Hong Kong's economy will grow by 3.2 percent by the end of 2025, slightly higher than the forecast at the beginning of the year, maintaining growth momentum for the third consecutive year.
Chen Maobo stated that in 2025, Hong Kong's asset market performance improved further, with continued capital inflows, an increase in the number of tourists visiting the SAR, steady growth in overall exports and fixed asset investment, and a stabilization of consumption. Overall, exports and investment are performing well and are the main drivers of economic growth, while rising stock and real estate prices have also reinforced positive market expectations.
According to him, local equities performed exceptionally well in the asset market, growing for the second consecutive year. In the first 11 months of this year, average daily turnover of Hong Kong equities approached HK$260 billion. The Hong Kong Special Administrative Region (HKSAR) ranked first globally in terms of funds raised through initial public offerings (IPOs), exceeding HK$270 billion as of mid-December. Four of these companies were among the top 10 IPO fundraisers this year. During the same period, follow-on financings of already listed companies exceeded HK$510 billion. In the asset and wealth management sector, net inflows into Hong Kong-registered funds authorized by the Securities and Futures Commission exceeded US$41 billion in the first nine months of 2025, more than 1.5 times higher than the entire previous year.
Chen Maobo said the residential property market in the SAR remains active, with the volume of sales and purchases in the first 11 months of this year approaching 57,000 units, an increase of approximately 16 percent year-on-year and the second consecutive year of growth. Property prices rose by approximately 3 percent, and rents rose by approximately 4 percent. Overall, the market maintains positive expectations regarding the residential market outlook. Sentiment in the office market has also improved: transaction volume in the first 10 months increased by 74 percent year-on-year, and the vacancy rate in Class A office buildings decreased slightly.
According to him, overall exports from Hong Kong showed strong performance in the first three quarters of this year, with fixed asset investment up 2.5 percent year-on-year, and private consumption benefiting from the asset market recovery and improving overall market conditions, rising 0.9 percent in the first three quarters of this year, reversing the decline seen in the same period last year.
Chen Maobo noted that Hong Kong's economy is likely to maintain its favorable momentum next year. 2026 marks the first year of China's 15th Five-Year Plan. The Hong Kong Special Administrative Region will more actively and proactively align its actions and initiatives with the country's development strategy, with finance, innovation and technology, and trade serving as the three key drivers of its development.
Chen Maobo added that in the new year, Hong Kong will comprehensively enhance its functions and potential as an international financial center, accelerate the construction and expansion of an international science and technology innovation hub, and improve its functions as an international trade center. By becoming more closely integrated into the country's overall development paradigm and serving its interests, Hong Kong itself will inevitably achieve greater development, create more high-quality jobs, and ensure that the fruits of economic growth and diversified development benefit its residents. -0-
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