Yu Weiwen: Hong Kong's economic growth rate hits a new high, with capital inflows confirming investors' confidence

In response to the question raised by economic reporters in the 21st century about the sustainability of Hong Kong's economic recovery in the first quarter, Yu Weiwen candidly stated that Hong Kong's GDP grew by 5.9% year-on-year in the first quarter of this year, marking the highest quarterly growth rate in nearly five years, indicating a solid internal driving force for economic recovery. He analyzed that this round of high growth is driven by three major engines: exports, consumption, and investment. The performance of exports is particularly outstanding, with about 70% of Hong Kong's exports being AI and high-end electronic products. The current strong global demand for technology products is sustainable, and this growth trend will continue to support Hong Kong's trade and related industries. Domestic market demand is also recovering, with the property market rebounding by about 10% from its lowest point. The wealth effect further activates residents' willingness to consume, and corporate investment enthusiasm is gradually increasing, leading to positive growth in overall investment data, and the continuous release of economic vitality. Yu Weiwen stated that the trend of global investors avoiding single market risks and promoting asset diversification will not reverse. Hong Kong, as the core hub for positioning in the Chinese market, has institutional, geographical, and market advantages, and will continue to attract global capital inflows in the future.