, Hong Kong

Strong HKD remains a key challenge for retailers

The RMB has fallen 12% against the HKD since Aug 2013.

The strong HKD remains one of the key headwinds for retailers. Maybank Kim Eng notes that when the HKD is strong, mainland customers generally prefer to shop elsewhere. 

"The RMB has fallen 12% against the HKD since Aug 2013, while other destinations, including Japan, the UK and Europe have become relatively more attractive based on the significant depreciation of their currencies in the past two years. Our strategy team believes the strong USD/HKD trend may reverse this year if the US market cannot continue to attract capital amid Trump’s protectionist stance."

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Chabaidao shares plummet 27% in HK debut
Analysts blame competition, weak sentiment for Chabaidao's disappointing debut.
Food & Beverage
Prime office rentals in Hong Kong plunge 9.5% YoY in Q1 2024
Overall, the Asia-Pacific region's prime office rental market reported a 3.2% YoY decrease.
Commercial Office