One in two CEOs expect to increase domestic investment spending

But this is still lower than the global average of 58%.

About 49% of Hong Kong CEOs expect to increase investment spending at home, indicating some optimism from business leaders, PwC revealed.

According to its Asia Pacific CEO survey, this figure is still lower than the 58% overall rate across the globe.

Hong Kong is also the seventh top economy to receive increased cross-border investment.

Meanwhile, in Asia Pacific, 37% of CEOs are very confident of revenue growth during the next 12 months, up from 28% last year, despite trade policy uncertainty and related political tensions.

In the next year, a net 50% of businesses surveyed by PwC will increase their global investments, up from 43% last year, as APEC businesses increase their foothold and influence on the global economy.

About 71% of those surveyed who are raising investment will direct those increases into APEC economies in 2018, and 63% of all APEC CEOs expect their broader global footprint to expand over the next three years.