Hong Kong’s retail sector—traditionally buoyed by its position as a hub for business, finance, and tourism—is facing new challenges. A strong Hong Kong dollar, rising outbound tourism, and inflation have dampened the sector’s performance. At the same time, visitors are increasingly favoring experiences over goods, while locals are spending more across the border.

The question for policymakers is clear: How can Hong Kong reimagine and revitalize its retail sector to remain competitive in a changing landscape?

Find out from AMRO’s 2025 Annual Consultation Report on Hong Kong, China.