Residents and visitors in Hong Kong can enjoy discounts on dining, shopping, and attractions in August by presenting tickets for five major events, including an exhibition, as authorities seek to boost the retail and catering sectors. The Hong Kong Tourism Board announced on Monday that ticket holders for the selected events in the city would be able to enjoy 5 per cent discounts at more than 100 designated hotels and tourist attractions in August. “With a series of major sports, cultural and...
Even as local retail spending remains resilient, Hong Kong consumers are shopping more across the border in mainland China, drawn by lower prices and wider adoption of digital payments, according to data from payment giant UnionPay International. Offline UnionPay card spending in mainland China by Hong Kong residents rose nearly 30 per cent year on year in the first half of 2026, while online and digital transactions recorded even stronger growth, data released on Thursday showed. The trend...
With retail sales growth cooling in May to the slowest pace since December 2022 and persistent weakness in big-ticket items extending through last month, Beijing has stepped in to reinvigorate bricks-and-mortar operators facing intense price competition from e-commerce platforms. The Ministry of Commerce, together with eight other relevant authorities, on Thursday released guidelines to accelerate the innovative development of the retail sector. The document charts out a path for differentiated...