In the Media

Sitting in an office at the foot of Lung Fu Shan, the view from the window is of the lush greenery of Pok Fu Lam, with the shimmering waters of Victoria Harbour faintly visible in the distance. This is where academia and finance converge in Hong Kong, and it offers one of the best vantage points for observing the city’s economic pulse.

China’s economy is currently in a period of deep structural transformation. Despite the potential of its 1.4 billion-strong domestic market, the contraction of the wealth effect triggered by the real estate correction, together with a high household savings rate (exceeding 43% in 2024) and weak consumer confidence, is constraining the release of domestic demand.