Paul Chan: Hong Kong's third-quarter economic growth year-on-year will exceed market expectations.

On November 1, Hong Kong SAR Financial Secretary Paul Chan Mo-po said in a blog post that the advance estimate of GDP for the third quarter of this year will be released next Tuesday. Preliminary indications are that, supported by faster export growth and solid domestic demand, third-quarter economic growth year on year will be higher than market expectations, with growth accelerating from the second quarter; Hong Kong will also record positive growth for a 15th consecutive quarter. For the first three quarters of this year combined, the year-on-year growth rate of real GDP is also the largest for the same period in five years. As the economy maintains good momentum, the full-year economic growth forecast is also expected to be revised upward again.