On the 3rd, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, posted on his blog that the government is about to announce the total restaurant revenue for the second quarter, which is expected to have a slight year-on-year increase. According to statistics from the SAR government, Hong Kong's exports, local consumption, and fixed investment achieved positive growth in the second quarter, with the overall economy growing by 3.1% year-on-year, marking the tenth consecutive quarter of positive growth. The retail sales value recorded a slight year-on-year growth again in May and June, with a slight increase of 0.3% in the second quarter. Chen Maobo stated that the SAR government released the "Hong Kong Business Environment Report" on July 30th, which systematically introduces the latest developments and advantages of Hong Kong to various sectors of society and domestic and foreign investors through a series of facts and data, comprehensively demonstrating Hong Kong's open, safe, stable, efficient, and international business environment. After the report was released, it gained widespread recognition and support from people from all walks of life. This is particularly significant in the current complex geopolitical situation, as it can serve as a reference for foreign enterprises and investment institutions to have a more objective and comprehensive understanding of Hong Kong, and to gain a deeper insight into the unique advantages of Hong Kong's connectivity and internationalization from various perspectives. Chen Maobo pointed out that residential property prices in Hong Kong continue to remain stable, rental performance is strong, and transaction volume has significantly become more active. The average monthly transaction number in the second quarter increased to about 5600, a quarterly increase of about 37%. In response to the stabilization of property prices, the number of negative asset cases in the previous quarter fell by 7% quarterly to over 37000. The special administrative region government has vigorously attracted investment and talent, increasing the demand for overall buildings. The residential property market is stabilizing, the financial market is thriving, coupled with the steady improvement of the economy and the substantial increase in income of migrant workers, which will provide support for local consumption. At the same time, it is also necessary to continue providing support to affected groups, including strengthening employment support and retraining services. Chen Maobo stated that recent major events in Hong Kong have further added to the lively atmosphere of society. Two highly anticipated football events at Kai Tak Sports Park attracted nearly 100000 fans. One of the matches also set a new record for the number of spectators entering the Kai Tak Main Stadium to watch the game. The tourism, retail, and catering industries in Hong Kong are actively seeking change and innovation, and the SAR government, public institutions, and business sector are also actively cooperating to transform the flow advantages brought by events and activities into economic benefits. Chen Maobo said that the SAR government will continue to work together with the industry and citizens to create more opportunities and moments to boost consumption in Hong Kong. He hopes to leave beautiful memories for tourists, bring more business opportunities for enterprises, and provide citizens with more exciting and diverse events and consumption choices through more novel and enjoyable experiences. (New Society)