Hong Kong’s small businesses have faced turbulence in recent years, but experts argue the city’s global financial clout isn’t going anywhere. 🌏💡 Economist Chong Tai Leung remains confident, telling reporters: 'Hong Kong’s unique position as a bridge between East and West ensures its long-term resilience.'
Small Businesses Feel the Heat
From family-run dim sum shops to boutique retailers, local businesses report declines linked to reduced tourism and cautious consumer spending. 🥟📉 A tea house owner in Central District shared: 'We’re adapting with digital payments and delivery apps, but recovery takes time.'
Why the Optimism?
Chong points to Hong Kong’s:
🇭🇰 Strategic role in connecting Asian and global markets
💵 Robust banking infrastructure and fintech growth
🌉 Status as a preferred hub for IPOs and overseas investment
While challenges persist, analysts predict the city will remain a top-three global financial center through 2030. 📈
