Hong Kong Financial Secretary Paul Chan Mo-po: Predicts that the economic growth momentum in the second quarter is expected to continue.

The Financial Secretary of Hong Kong, Paul Chan Mo-po, stated in his blog that the Hong Kong economy continues to undergo transformation and upgrade, with sustained economic growth and improved labor productivity. The overall competitiveness and attractiveness of Hong Kong are continuously strengthening. He announced that the economic growth forecast for the second quarter will be released next week, driven by export activities, overall investment, and private consumption. The upward trend is expected to continue, with growth for ten consecutive quarters, and private consumption, which had declined for four quarters, is expected to rebound in the second quarter. With the economy maintaining momentum and continued inflow of funds, a positive stock market and stabilization in the property market, along with the government's strong promotion of major events and high value-added tourism, private institutions are actively responding, providing support for private consumption and market sentiment. Recent events such as the "Hong Kong Football Carnival" at Kai Tak Sports Park and the "Hong Kong Animation & Game Festival" at conventions have attracted a large number of fans from both domestic and international markets, driving sales of related products and creating business opportunities. Retail sales in May recorded year-on-year growth for the first time in 14 months, indicating initial signs of stabilization in the consumer market, with cautious optimism for the June figures.