Chen Maobo: Hong Kong's economy maintains growth momentum

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, said today that the Hong Kong economy has maintained its growth momentum. In the first quarter of this year, Hong Kong's GDP grew by 2.7% in real terms year-on-year, the fifth consecutive quarter of growth, and the seasonally adjusted quarterly growth rate also accelerated to 2.3%. Chan Maobo pointed out that the sentiment in Hong Kong's asset market has also improved. Hong Kong stocks have risen for nine consecutive trading days. The Hang Seng Index has risen by nearly 14%, and the average daily transaction value exceeds HK $128 billion. After the withdrawal of "hot tricks" in Hong Kong's property market, transactions have become more active, and property prices have also stabilized. One of the main driving forces for Hong Kong's economic growth in Quarter 1 this year came from inbound tourism. With the further increase in the number of inbound tourists, the export of services continued to record a significant During the "May Day" Golden Week holiday this year, the number of inbound tourists approached 650,000 on the first three days, an increase of 25% compared with the first three days of last year's Golden Week. External demand was better than expected, which also supported the improvement of overall goods exports in the first few months of this year. (Voice of the Greater Bay Area)