香港本地居民总收入第三季同比增1.5%，商界对经济有信心

Economic Overview - Hong Kong's total income for local residents increased by 1.5% year-on-year in Q3 2025, reaching HKD 908.2 billion [1] - The estimated GDP for Q3 2025 is HKD 853.7 billion, with a year-on-year growth of 4.8% [1] - The total income exceeds GDP by HKD 54.5 billion, accounting for 6.38% of the GDP for the quarter, primarily due to net investment income inflow [1] Trade and Export - For the first ten months of 2025, Hong Kong's overall export and import volumes increased by 11.6% and 11.3% year-on-year, respectively [1] - Both export and import prices rose by 2.0% year-on-year, indicating a positive trend in trade [1] Labor Market - The unemployment rate decreased by approximately 5,200 individuals from September to November 2025, while the number of underemployed remained stable [4] - Improved consumer confidence is expected to support the labor market, although some sectors may still face challenges [4] Key Industries - The four traditional major industries (financial services, tourism, trade and logistics, professional services) account for 58.2% of GDP and 42.3% of total employment [5] - Business confidence is rising, with about 48% of surveyed companies expressing a positive outlook for the next 12 months, a significant increase from the previous year [5] - Approximately 38.7% of businesses plan to increase investments in the Greater Bay Area over the next year [5] Infrastructure and Connectivity - Hong Kong is enhancing its international aviation hub development, with a focus on expanding the aviation network and optimizing multi-modal transport connections within the Greater Bay Area [8][10] - The "Yue Che Nan Xia" initiative is set to facilitate cross-border vehicle entry into Hong Kong, enhancing transportation convenience [11][13] Social Welfare and Healthcare - The Hong Kong government is launching a trial medical subsidy program for elderly residents in Guangdong, effective December 22, 2025, to improve healthcare access [14] - The program allows eligible seniors to apply for subsidies for out-of-pocket medical expenses within the Greater Bay Area [14] Future Outlook - The economic recovery in Hong Kong is expected to continue, driven by improved consumer confidence and ongoing government investments in social welfare and infrastructure [15][16] - The integration with the Greater Bay Area is seen as a key opportunity for sustainable growth and market expansion [16]