, Hong Kong
172 views
Photo by Nick Kwan via Pexels

Economy up 3.1% in Q1 2025

It was driven by exports and investment.

Hong Kong’s economy grew 3.1% year-on-year (YoY) in the first quarter of 2025, up from 2.5% in the previous quarter, according to Acting Government Economist Cecilia Lam.

Quarter-on-quarter, real GDP rose 1.9%, mainly due to stronger exports and a rebound in investment.

Goods exports increased 8.4% YoY, whilst services exports rose 6.6%, supported by higher visitor arrivals and cross-border financial activity.

Additionally, investment expenditure grew 2.8%, driven by machinery purchases and a surge in property transaction costs.

Join Hong Kong Business community

Private consumption fell 1.1%, reflecting shifts in spending habits. Despite this, the government has kept its full-year GDP growth forecast unchanged at 2–3%.

Lam said easing global trade tensions and steady growth in Mainland China could support further export gains. However, she warned that U.S. trade and monetary policy uncertainties may weigh on global sentiment.

Market caution was evident towards the end of March, with residential property transactions dropping 19% from the previous quarter, she noted.

On inflation, Lam forecasted that price pressures would remain moderate in the near term. The government’s inflation projections for 2025 stand at 1.5% for underlying inflation and 1.8% for headline consumer price inflation.

 

 

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

HKEX launched Order Routing Service on Integrated Fund Platform
The move addressed some long-standing operational challenges.Hong Kong Exchanges and Clearing Limited (HKEX) launched the Order Routing Service that connects fund distributors and transfer agents on its Integrated Fund Platform (IFP).The new service is based on the Fund Repository system and helps transform the fund order placement process into a seamless and integrated system.Supported by the data network from Shenzhen Stock Exchange, the service promotes better efficiency and collaboration across the fund distribution network by enhancing communications between fund distributors and agents.IFP also welcomes an initial cohort of 33 distributors, transfer agents and fund houses.
HKTDC signs first MOU with Singapore-based bank
The partnership also aims to generate job opportunities and strengthen communities across both regions.The Hong Kong Trade Development Council (HKTDC) signed a Memorandum of Understanding (MOU) with United Overseas Bank Hong Kong Branch (UOB Hong Kong) at the ASEAN Conference 2025 in Singapore, a first of such a partnership for Hong Kong.The MOU aims to strengthen regional ties and promote sustainable growth by leveraging UOB’s extensive regional network and financial expertise, alongside HKTDC’s strengths in trade promotion, to access new markets, resources and professional knowledge.The MOU also promotes local enterprise development and economic resilience by matching local value chains with foreign direct investments(FDI). 
OCBC Bank Hong Kong sets up team to support entrepreneurs
OCBC Group is aiming to disburse S$5b in loans to entrepreneurs by 2028