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].