香港预估GDP连升10个季度：旅客增速强劲，消费需求改善

Economic Growth - Hong Kong's GDP for the second quarter of 2025 is estimated to have grown by 3.1% year-on-year, marking the tenth consecutive quarter of positive growth [1][4] - Private consumption expenditure increased by 1.9% year-on-year in the second quarter of 2025, while total fixed capital formation rose by 2.9% [1] Economic Drivers - The economic expansion is supported by strong export performance and improved local demand, with external demand showing resilience [4] - The "export rush" effect was driven by a temporary easing of U.S. tariff measures, leading to accelerated growth in overall merchandise exports [4] - The tourism sector has seen significant growth, contributing to the expansion of service exports, alongside active financial and related business services due to a thriving local stock market [4] Investment and Business Environment - The Hong Kong government is actively supporting industries facing challenges through measures aimed at enhancing market development and digital transformation [1][4] - The government has facilitated approximately 1,300 businesses to establish or expand operations in Hong Kong from 2023 to mid-2025, expected to generate over HKD 160 billion in direct investment and create more than 19,000 jobs [10] Regional Integration - The Greater Bay Area (GBA) is highlighted as a key opportunity for Hong Kong, with the government emphasizing participation in GBA development to leverage complementary advantages with other cities [10][11] - The integration with the GBA is seen as a pathway for Hong Kong to enhance its role as a high-end consumption and service center for GBA residents [14][15] Tourism and Consumer Trends - The number of visitors to Hong Kong exceeded 13 million in the first half of the year, with a notable shift towards "deep travel" and "cultural tourism" among mainland tourists [14] - The local retail sector has shown signs of recovery, particularly in bustling commercial areas like Causeway Bay [9]