Hong Kong’s Economy Surges 3.8% in Q3, Outpacing Forecasts

Hong Kong's economy expanded at its fastest pace in nearly two years during the third quarter, growing 3.8% year-on-year. The robust performance exceeded economists' expectations, driven by strong exports and a resurgence in consumer spending. Government data released October 31 shows acceleration from the 3.1% growth recorded in Q2.

The financial sector emerged as a key growth engine, with cross-border transactions fueling momentum. Hong Kong's capital markets are witnessing renewed vigor—stock sales are projected to reach $51 billion, marking the highest level in four years. Wealth management activities also show signs of recovery, though trade tensions continue to pose headwinds.

"We expect steady growth to persist through 2025," a government spokesperson noted, highlighting the dual support from external trade and domestic demand. The upbeat assessment comes as the city consolidates its position as Asia's premier financial hub, with active participation across traditional and digital asset markets.