Chen Maobo: Hong Kong economy continues to improve; GDP has maintained continuous growth for three consecutive years.

According to the Zhongtong Finance APP, on November 16th, Hong Kong Financial Secretary Paul Chan Mo-po mentioned in an article that the Hong Kong economy has been steadily improving this year, with the local GDP recording year-on-year growth for 11 consecutive quarters. The real growth rate of Hong Kong's GDP in the third quarter of this year has expanded to 3.8%, the best performance in over a year and a half, with exports, consumption, and investment all showing continuous good performance. With interest rates trending downwards and the easing of tensions in the China-US trade relationship, the Hong Kong government is cautiously optimistic about the economic performance in the fourth quarter of this year. Consequently, they have revised their forecast for the full-year economic growth rate in 2025 to 3.2%, higher than the original prediction range of 2% to 3%. This will mark the third consecutive year of GDP growth momentum following the pandemic.