HONG KONG SAR - Media OutReach Newswire - 5 December 2024 - Hong Kong’s economic outlook and business confidence are set to further improve in 2025, C...
Mr Robert Lui, Divisional Councillor of CPA Australia 2024 in Greater China; Ms Karina Wong Divisional Deputy President of CPA Australia 2024 in Greater China; Mr Cliff Ip, Divisional President of CPA Australia 2024 in Greater China; Mr Cyrus Cheung, Divisional Deputy President of CPA Australia 2024 in Greater China
Mr. Cliff Ip, CPA Australia 2024 Divisional President of Greater China, said, “The survey findings reflect that Hong Kong’s economy and business confidence are expected to steadily improve in the coming year. Recent stimulus measures unveiled by the central government and the Hong Kong government have contributed to this improved sentiment. The start of the rate-cutting cycle has also boosted business confidence.
The improving economic sentiment is flowing through to revenue projections and business expansion plans in 2025. 51 per cent of respondents predict their company’s revenue will grow next year, with an increase in revenue of between 5 to 20 per cent being the most popular prediction. Ip stated, “The more positive business environment is being reflected in an expected shift in corporate strategy away from defensive strategies such as cost management and improving business efficiency towards more expansionary strategies such as market expansion and innovation.”
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