Group 1 - The core point of the article highlights a significant decline in the completion of private residential units in Hong Kong, with November 2022 seeing only 383 units completed, a nearly 90% month-on-month drop, marking a six-month low [1] - In the first eleven months of the previous year, a total of 17,557 units were completed, representing a year-on-year decrease of 6%, which is about 84% of the annual completion forecast of 20,862 units by the Hong Kong Rating and Valuation Department [1] - The majority of the completed units in November were small units, with 381 units (99% of the total) being Class A units with a usable area of less than 431 square feet [1] Group 2 - The report indicates that only one Class B unit (with a usable area between 431 to 752 square feet) and one Class E unit (with a usable area of 1,722 square feet or more) were completed in November [1] - The Kowloon district accounted for the highest number of completed units in the first eleven months, with 8,641 units, making up nearly half of the total completion volume [1]

Core Viewpoint - The Central City residential area in Ganzhou is experiencing a decline in property interest despite its attractive location and amenities, as evidenced by a recently auctioned property that remains unsold due to various factors affecting its marketability [1][26]. Group 1: Property Details - The auctioned property has a building area of approximately 117.25 square meters, featuring 4 bedrooms, 2 living rooms, 1 kitchen, and 3 bathrooms, located on a mid-level floor of building 7, built in 2016 [3]. - The property is listed at a price of 7,249 yuan per square meter, which is 1,000 to 2,000 yuan lower than the average market price for similar second-hand homes [1]. Group 2: Community Overview - Central City is situated near the urban central park and various amenities, including the Ganzhou Museum, Ganzhou Grand Theatre, and office buildings, enhancing its appeal for residents [1][12]. - The community spans approximately 120 acres with a density ratio of 3.65 and a greenery rate of 38.93%, consisting of 8 high-rise buildings [7][9]. Group 3: Market Conditions - The average listing price for properties in Central City is currently 11,401 yuan per square meter, ranking 74th among 296 listed communities in the Zhangjiang New District [14]. - There are 169 properties for sale in the community, with only 1 transaction in the last 90 days, indicating a general lack of market activity [17]. - Recent sales data shows that properties sold in 2025 had prices ranging from 9,137 to 10,986 yuan per square meter, with a noticeable decline in prices compared to previous years [20]. Group 4: Market Challenges - The overall real estate market in Ganzhou has seen significant changes, with increasing supply leading to more options for buyers, which dilutes the competitive edge of Central City [24]. - Factors such as the average quality of the community, increasing age of the buildings, and competition from new developments contribute to the declining interest in Central City properties [24].

Core Viewpoint - The Hong Kong government is preparing to launch public consultations for the upcoming fiscal budget, focusing on expanding economic development, accelerating innovation and technology, optimizing industrial structure, and creating quality jobs to enhance high-quality growth [1] Economic Performance - Hong Kong's merchandise exports have recorded double-digit growth year-on-year, supported by improved local demand and a slight increase in private consumption [1] - The economy grew by 3.3% year-on-year in the first three quarters of this year, with the government raising its full-year growth forecast to 3.2% [1] - Service exports benefited from a robust financial market and an increase in visitor arrivals, which reached over 45 million in the first 11 months, surpassing last year's total and marking a 12% year-on-year increase [1] Future Outlook - The Financial Secretary hopes that the upcoming New Year holidays, various events, and industry promotions will attract more visitors, injecting greater momentum into Hong Kong's consumer market and overall economy [2]

Core Viewpoint - Kexin Holdings (08173) reported a significant increase in revenue for the six months ending September 30, 2025, driven by strategic diversification in the Chinese market to address challenges in the local residential property sector [1] Financial Performance - The company achieved revenue of HKD 19.036 million, representing a year-on-year increase of 160.91% [1] - The loss for the period was HKD 3.433 million, which is a 37.62% reduction compared to the previous year [1] - The loss per share was HKD 0.0159 [1] Strategic Initiatives - The revenue growth was primarily attributed to the successful execution of strategic diversification measures in the Chinese market [1]

Group 1 - The Hong Kong government is expected to announce a slight year-on-year increase in total restaurant revenue for the second quarter [1] - The overall economy of Hong Kong has grown by 3.1% year-on-year, marking the tenth consecutive quarter of positive growth [1] - Retail sales value recorded a slight year-on-year increase of 0.3% in the second quarter, with positive growth in exports, local consumption, and fixed investment [1] Group 2 - Residential property prices in Hong Kong remain stable, with rental performance being resilient and transaction volume significantly increasing, averaging about 5,600 transactions per month in the second quarter, a 37% quarter-on-quarter increase [2] - The number of negative equity cases has decreased by 7% quarter-on-quarter to over 37,000 due to the stabilization of property prices [2] - The Hong Kong government is actively promoting investment and talent attraction, which has increased overall demand for buildings [2] Group 3 - Recent major events in Hong Kong, such as football matches, have attracted nearly 100,000 spectators, contributing to a lively atmosphere and potential economic benefits for tourism, retail, and dining sectors [2] - The government aims to create more opportunities to boost consumption and enhance the experience for tourists, while also providing support for affected groups through employment assistance and retraining services [2]

Economic Growth - Hong Kong's economy showed growth momentum, with a year-on-year increase of 3.1% in Q2, marking the tenth consecutive quarter of positive growth [1][3] - The retail sales value recorded a slight year-on-year increase of 0.3% in May and June, indicating stabilization in the retail and dining sectors [1][3] Real Estate Market - Residential property prices remained stable, with rental performance being resilient; the average monthly transaction volume in Q2 increased to approximately 5,600 transactions, a quarter-on-quarter rise of about 37% [4] - The number of negative equity cases decreased by 7% to over 37,000 due to the stabilization of property prices [4] Business Environment - The Hong Kong government released a report highlighting the city's open, safe, stable, efficient, and international business environment, which received broad recognition from the business community [3] - The report serves as a reference for foreign enterprises and investors to understand Hong Kong's unique advantages amid complex geopolitical situations [3] Local Consumption and Employment - The stable residential property market and robust financial market, along with steady economic growth and real income increases for workers, are expected to support local consumption [2][4] - Continued support for affected groups, including enhanced employment assistance and retraining services, is necessary during the economic transition [2] Events and Tourism - Major events, such as the recent football matches at Kai Tak Sports Park, attracted nearly 100,000 spectators, enhancing the local atmosphere and tourism [5] - The government is actively promoting various events to attract more visitors, aiming to convert the influx of people into economic benefits [6][7] E-commerce and Local Products - The Hong Kong Trade Development Council launched the "Hong Kong Goodies Festival" on popular e-commerce platforms to promote local products, featuring 260 popular brands and over 500 items [6] - Training activities are being organized to enhance local businesses' knowledge in cross-border e-commerce operations and marketing [6]

Core Viewpoint - The Hong Kong economy shows sustained growth momentum, driven by exports, local consumption, and fixed investment, with GDP increasing by 3.1% year-on-year in Q2 2023, marking the tenth consecutive quarter of positive growth [1][2]. Economic Performance - In Q2 2023, Hong Kong's GDP grew by 3.1% year-on-year, with a 0.4% increase compared to Q1 2023 [1]. - Private consumption expenditure rose by 1.9% year-on-year, while government consumption expenditure increased by 2.5% [1]. - Fixed capital formation grew by 2.9% year-on-year, with merchandise exports up by 11.5% and imports up by 12.7% [1]. - Service output increased by 7.5% year-on-year, and service input rose by 7% [1]. Real Estate and Retail Market - The retail sales value recorded a slight year-on-year growth of 0.3% in Q2 2023, with expectations of mild growth in the restaurant sector [2]. - Residential property prices remained stable, with rental performance strong and transaction volume significantly increasing by approximately 37% quarter-on-quarter [2]. - The number of negative equity cases decreased by 7% to over 37,000 as property prices stabilized [2]. Stock Market and Investment - The total market capitalization of Hong Kong stocks reached HKD 42.7 trillion in the first half of the year, a year-on-year increase of 33% [2]. - Hong Kong led the global IPO market with 52 IPOs raising HKD 124 billion, a 590% increase year-on-year [2]. Government Initiatives and Events - The Hong Kong government is actively promoting investment and talent attraction, which has increased demand for office space [2]. - Upcoming major events, such as the National Games and the Wine and Dine Festival, are expected to boost tourism and economic activity [3]. - The government aims to leverage high-value tourism and various events to enhance local consumption and market sentiment [3].