Retail sector faces challenges but stimulus measures could boost market, says Infiny Realty

The Hong Kong retail sector continued to face challenges, such as the outflow of local customers and an uncertain global economy, despite the interest rate cuts in September, according to strategic planning and consultancy service provider Infiny Realty.
The number of outbound trips made by Hong Kong residents reached 67.64 million in the first eight months of 2024, up 58.4 percent from previous year.
Also, Hongkongers are increasingly heading to Shenzhen for shopping, dining, and entertainment.
The firm remains cautiously optimistic about the retail market this year, anticipating that stimulus measures from the Chinese government will benefit certain sectors and lift the market.

(Staff reporter)