HK has made progress in tourism and attracting foreign investment, financial chief says

Financial Secretary Paul Chan stated today (Jan. 4) that Hong Kong has made significant progress in investment, tourism, and attracting foreign investment, urging citizens and businesses to maintain strong confidence in the city's future development.

Chan pointed out that the economic growth in the first three quarters of last year showed steady progress, although the extent and speed were below expectations. He noted that property prices have stabilized, and the stock market rose by 18% over the year. There has been progress in attracting investment, tourism, and foreign investment.

Chan previously mentioned that the Hong Kong government has achieved positive results in attracting foreign investment, having attracted over 100 key enterprises to settle in Hong Kong in the past two years. These companies are expected to invest between HK$40 billion and 50 billion in the coming years, creating approximately 17,000 jobs.

In terms of tourism, Chan also stated that the central government has introduced several measures, such as the multiple entry IVS for residents of Shenzhen and holders of residence permits traveling to Hong Kong, which has injected new vitality into the tourism, dining, and retail sectors. Last year, the number of mainland tourists visiting Hong Kong exceeded 28 million, a year-on-year increase of over 30%.

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