Hong Kong expo vendors expect 20% sales boost

Vendors at the Hong Kong Brands and Products Expo anticipate up to a 20% sales increase from last year, thanks to larger crowds and favorable weather. The 59th edition of the event, organized by the Chinese Manufacturers’ Association of Hong Kong, opened at Victoria Park in Causeway Bay and runs for 24 days until January 5. Financial Secretary Paul Chan Mo-po was among the first visitors, browsing and purchasing various items.

The Hong Kong Brands and Products Expo, one of the city's largest annual bazaars, kicked off its 59th edition on Saturday at Victoria Park in Causeway Bay, running for 24 days until January 5. Organized by the Chinese Manufacturers’ Association of Hong Kong, the fair features more than 900 booths offering food, home appliances, beauty, and health products at significant discounts. Some exhibitors are introducing modern twists on traditional items to draw in shoppers.

Financial Secretary Paul Chan Mo-po was among the early visitors, stopping by stalls selling supplements, candles, and coffee, while tasting noodles, sea cucumber, and dim sum. Vendors are optimistic, projecting sales to rise by up to 20% compared to last year, attributed to higher attendance and good weather.

“We brought 20 per cent more stock with us this year,” said Lisa Lau, managing director of Ah Yat Abalone Princess, known for its HK$1 (13 US cents) deal on a bag of abalone products worth HK$460 for the first 20 orders. “We used to do this offer only on the first day of the fair, but we’re doing it for eight days this year in response to the organiser’s call, in the hope of helping spread some joy after what had happened in Tai Po,” she added, referring to the deadly fire that killed at least 160 people last month.

The expo highlights Hong Kong brands and aims to boost consumer spending through promotions and innovations.

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Hong Kong welcomed 10% more visitors during the Christmas period than in 2024, while residents took nearly 1.7 million outbound trips, up 22% from last year. Despite the influx of tourists, merchants warn that the absence of New Year's fireworks could deter visitors and hurt the retail sector. Consumer sentiment has been dampened by last month's deadly Tai Po fire, which killed 161 people.

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As luxury brands delay major commitments in Hong Kong, newcomers from Asia and Europe are taking advantage of cheaper rents to enter the retail sector, particularly in food and beverage. Taiwanese chain Nap Tea exemplifies this trend, drawing long lines and expanding rapidly despite high costs. Property consultancy Cushman & Wakefield reports more than 90 non-local brands opened in the first three quarters of the year.

The Hong Kong Palace Museum has announced that its current exhibition of ancient Egyptian artifacts will be its most profitable show since opening three years ago. Director Louis Ng Chi-wa revealed that 76,000 visitors attended in the first four weeks, with expectations of 700,000 over the nine-month run.

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Two Hong Kong lawmakers have called for expanding the annual Standard Chartered Hong Kong Marathon into a two-day event to attract more participants and enhance the city's mega-event economy. They also suggest routing through less urbanized areas to minimize traffic disruptions. This comes after a record turnout and oversubscription in the recent race.

The Longines Hong Kong International Horse Show 2026 kicked off on Friday at AsiaWorld-Expo in Hong Kong, marking its second year with a three-day lineup of elite show jumping and youth competitions. Leading riders highlighted the event's role in elevating local equestrian talent, while young participants like Carrie Wang delivered strong performances. The spectacle also featured lifestyle elements to engage a broad audience.

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Amid shifting dynamics in China's retail sector, several foreign and Hong Kong brands are closing physical stores on the mainland. High-profile closures include those of Lane Crawford, Ikea, Triumph, Zara Home, and Zara. German lingerie maker Triumph Group International had closed all its bricks-and-mortar stores on the mainland as of December 31.

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