Core Viewpoint - The 5th Hong Kong Shopping Festival, organized by the Chinese Manufacturers' Association of Hong Kong, opened on August 1, showcasing a strong recovery in the tourism and retail sectors, with an expected increase in consumer spending and business opportunities [1] Group 1: Event Overview - The shopping festival lasts for four days and features eight themed exhibition areas with 300 booths, offering thousands of products including gourmet food, household appliances, children's products, and health supplements [1] - The event aims to encourage local consumption and attract more tourists to Hong Kong, thereby injecting vitality into the local economy [1] Group 2: Economic Impact - The Secretary for Commerce and Economic Development of the Hong Kong SAR Government reported approximately 24 million visitors to Hong Kong in the first half of the year, reflecting a 12% year-on-year growth, indicating a positive trend in the tourism industry [1] - The event is positioned as an important platform for Hong Kong and mainland enterprises to innovate consumer experiences and adapt to the changing retail landscape [1] Group 3: Exhibitor Expectations - A representative from Guangchanglong Trading Co., which has participated for four consecutive years, anticipates a 20% increase in revenue this year, expressing optimism about the event's effectiveness [1] - New features such as the "Hometown Flavor Zone" and "Lychee Garden Play Area" are introduced to promote local specialties from ten provinces in mainland China and nostalgic "Hong Kong flavor culture," enhancing brand-consumer connections [1]