Chen Maobo： On the first four days of the Golden Week, 877,000 mainland tourists visited Hong Kong, and the local retail industry gradually stabilized.

Source: Zhitong Finance Network

This year, the National Day and Mid-Autumn Festival in the Mainland enjoyed a long holiday of eight days in a row. The Financial Secretary of Hong Kong, Chen Maobo, said in his blog that in the first four days of the Golden Week, the number of mainland visitors to Hong Kong reached 877,000, up by more than 7% compared with last year, and there were about 126,000 overseas visitors, up by more than 30% year-on-year.

Chen Maobo mentioned that the provisional total retail sales in August announced last week reached HK$ 30.3 billion, the biggest increase in 20 months, and the local retail business is gradually stabilizing. 80% of the interviewed industries also expect that the business volume will increase during the Golden Week in November this year, and some even expect a double-digit increase.

Looking forward to the rest of this year, Chen Maobo said that different events will continue to bring support to the market, and the government will continue to strengthen the carpooling and collaboration between different events with the industry to maximize the economic benefits of events.

He also predicted that the signing ceremony of a new batch of key enterprises will be held this week, welcoming more than a dozen key enterprises to settle in Hong Kong or expand their business, including three top ten pharmaceutical companies in the world, and for the first time, including cultural and creative enterprises that combine creative science and technology, to implement a development direction proposed in this year’s budget. With the participation of this batch of enterprises, the total number of key enterprises that have been promoted to settle down through the introduction office will exceed 100.