Hong Kong's financial, insurance, import and export trade business earnings indices all recorded double-digit increases in the first quarter

The Zhitong Finance App learned that provisional figures from the Business Revenue Index released by the Statistics Department of the Hong Kong Special Administrative Region Government today (June 10) show that compared with the first quarter of 2025 and the first quarter of 2024, the business revenue of many major service industries in terms of value increased to varying degrees. Compared with the first quarter of 2025 and the first quarter of 2024, the financial sector (excluding banking) (+32.5%), insurance (+23.1%), import and export trade (+19.4%), and banking (+19.0%) all recorded double-digit increases. Meanwhile, the real estate sector (-6.7%) and retail (-6.5%) business revenue indices recorded declines during the same period.

According to the service sector analysis, the business revenue index for the computer and information technology services sector increased by 60.2% year-on-year during the same period, while the business revenue index for the travel, conference and exhibition services sector also increased by 1.1% year-on-year.

Compared with the first quarter of 2025 and the fourth quarter of 2024, many major service industries recorded varying degrees of increase in seasonally adjusted business revenue (in terms of value). Among them, insurance (+32.5%), import and export trade (+20.3%), and banking (+19.9%) business revenue indices all recorded double-digit increases. Meanwhile, the real estate industry's business revenue index fell 5.7% during the same period.

According to the analysis of the service sector, compared with the first quarter of 2025 and the fourth quarter of 2024, the seasonally adjusted business revenue index for the computer and information technology services sector increased by 50.3%, while the seasonally adjusted business revenue index for the travel, conference and exhibition services sector also increased by 0.7%.

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A spokesman for the Hong Kong Special Administrative Region Government said that in the first quarter of 2025, the business revenue of many service industries increased compared to the same period last year. Significant increases were seen in the financial sector (excluding banking), insurance, import/export trade, and banking.

Looking ahead, economic growth should support business in the service sector. The Mainland's economy continues to grow and the HKSAR Government's various measures to enhance economic momentum should benefit the business of service industries, although some industries may be affected by continuing adverse factors brought about by uncertainty in the surrounding environment and changes in the consumption patterns of citizens and tourists in the local market.