Core Viewpoint - The business revenue index for major service industries in Hong Kong showed varying degrees of year-on-year increases in the third quarter of 2025, indicating overall growth in the service sector [1] Group 1: Business Revenue Index Changes - The business revenue index for the insurance industry increased by 40.7% year-on-year [1] - The financial industry (excluding banks) saw a year-on-year increase of 31.4% in its business revenue index [1] - The import-export trade industry experienced a 24.5% year-on-year rise in its business revenue index [1] - The banking sector's business revenue index rose by 12.9% year-on-year [1] - Conversely, the transportation industry reported a year-on-year decline of 5.8% in its business revenue index [1] Group 2: Sector-Specific Analysis - The computer and information technology services sector's business revenue index surged by 99.1% year-on-year and increased by 20.0% quarter-on-quarter [1] - The tourism, conference, and exhibition services sector experienced a year-on-year increase of 4.6% and a quarter-on-quarter rise of 6.8% in its business revenue index [1] Group 3: Future Outlook - The overall service industry is expected to continue expanding due to moderate global economic growth and easing US-China trade tensions, which will support trade-related sectors [1] - Improvements in local consumer sentiment, a steady increase in visitor arrivals, active financial market activities, and government initiatives to diversify the economy are anticipated to benefit various service industries [1] - However, external uncertainties will need to be closely monitored for their impact on specific industries [1]

Core Insights - The business revenue index for various major service industries in Hong Kong showed significant increases in Q3 2025 compared to Q3 2024, particularly in the insurance sector (+40.7%), financial services (excluding banks) (+31.4%), import-export trade (+24.5%), and banking (+12.9%) [1][2] - The computer and information technology services sector experienced a remarkable increase of 99.1% year-on-year, while the tourism, conference, and exhibition services sector saw a 4.6% increase [1] - In Q3 2025 compared to Q2 2025, the business revenue index for several major service industries also recorded increases, with the insurance sector showing a 23.9% rise [1] Industry Analysis - The business revenue index for the computer and information technology services sector increased by 20.0% when comparing Q3 2025 to Q2 2025, while the tourism, conference, and exhibition services sector saw a 6.8% increase [1] - The transportation industry, however, experienced a decline in its business revenue index, dropping by 5.8% year-on-year [1] - The outlook for Hong Kong's overall service industry remains positive, with expectations of continued expansion supported by moderate global economic growth and easing US-China trade tensions [2]

Core Insights - The Hong Kong government reported significant revenue growth across various sectors for 2024, with the financial industry (excluding banks) leading the way [1] Financial Industry (Excluding Banks) - Total revenue for the financial industry reached HKD 732.9 billion in 2024, a 4.8% increase from 2023 [1] - Average revenue per company rose by 1.4% to HKD 73.1 million [1] - Operating expenses and employee compensation increased by 7.5% to HKD 357.3 billion [1] - Total surplus (revenue minus operating expenses and compensation) grew by 2.4% to HKD 375.6 billion, accounting for 51.3% of total revenue [1] - Value added by the industry (excluding investment and holding companies) increased by 13.3% to HKD 122.8 billion [1] - Approximately 10,000 companies operated in this sector, employing around 96,400 people, with an average of 9.6 employees per company [1] Insurance Industry - Total revenue for the insurance industry reached HKD 728.6 billion in 2024, a 7.4% increase from 2023 [2] - Average revenue per company increased by 11.3% to HKD 269.1 million [2] - Operating expenses and employee compensation rose by 12.9% to HKD 73.6 billion [2] - Approximately 2,700 companies operated in this sector, employing around 83,000 people, with an average of 30.6 employees per company [2] Banking Industry - Total revenue for the banking industry reached HKD 611.7 billion in 2024, a 5.1% increase from 2023 [2] - Average revenue per company increased by 8.7% to HKD 3 billion [2] - Operating expenses and employee compensation rose by 6.6% to HKD 271.5 billion [2] - Approximately 203 companies operated in this sector, employing around 98,500 people, with an average of 485 employees per company [2] Information and Communications Industry - Total revenue for the information and communications industry reached HKD 259.1 billion in 2024, a 2.8% increase from 2023 [3] - Average revenue per company slightly increased by 0.7% to HKD 22.5 million [3] - Operating expenses and employee compensation rose by 3.5% to HKD 179.7 billion [3] - Total surplus decreased by 3.7% to HKD 58.8 billion, accounting for 22.7% of total revenue [3] - Value added by the industry increased by 1.8% to HKD 104 billion [3] - Approximately 11,500 companies operated in this sector, employing around 102,000 people, with an average of 8.9 employees per company [3] Professional, Scientific, and Technical Activities Industry - Total revenue for this industry reached HKD 163.5 billion in 2024, a 2.1% increase from 2023 [4] - Average revenue per company slightly increased by 0.8% to HKD 5.8 million [4] - Operating expenses and employee compensation rose by 3.0% to HKD 133.7 billion [4] - Total surplus decreased by 1.3% to HKD 28.4 billion, accounting for 17.4% of total revenue [4] - Value added by the industry decreased by 1.9% to HKD 87.9 billion [4] - Approximately 28,400 companies operated in this sector, employing around 153,600 people, with an average of 5.4 employees per company [4] Administrative and Support Services Industry - Total revenue for this industry reached HKD 136.9 billion in 2024, a 13.9% increase from 2023 [5] - Average revenue per company increased by 12.5% to HKD 11.9 million [5] - Operating expenses and employee compensation rose by 13.3% to HKD 123.7 billion [5] - Total surplus increased by 20.4% to HKD 12.2 billion, accounting for 8.9% of total revenue [5] - Value added by the industry increased by 6.9% to HKD 64.5 billion [5] - Approximately 11,500 companies operated in this sector, employing around 236,200 people, with an average of 20.5 employees per company [5]

Core Insights - The business revenue index for various major service industries in Hong Kong showed significant increases in Q1 2025 compared to Q1 2024, particularly in the financial sector (excluding banks) (+32.5%), insurance (+23.1%), import-export trade (+19.4%), and banking (+19.0%) [1][3] - Conversely, the real estate (-6.7%) and retail (-6.5%) sectors experienced declines in their business revenue indices during the same period [1] - The computer and information technology services sector saw a remarkable increase of 60.2% year-on-year, while the tourism, conference, and exhibition services sector had a modest increase of 1.1% [1] Service Sector Analysis - Comparing Q1 2025 to Q4 2024, the business revenue index for the insurance sector rose by 32.5%, import-export trade by 20.3%, and banking by 19.9%, all showing double-digit growth [1] - The real estate sector's business revenue index decreased by 5.7% in the same comparison [1] - The computer and information technology services sector experienced a 50.3% increase, while the tourism, conference, and exhibition services sector saw a slight increase of 0.7% [2] Future Outlook - The spokesperson for the Hong Kong government indicated that the growth in the economy is expected to support the business of service industries, with ongoing growth in the mainland economy and various measures by the Hong Kong government to enhance economic momentum [3] - However, some industries may face challenges due to uncertainties in the external environment and changes in consumer behavior among residents and travelers in the local market [3]