Changes in Hong Kong stocks | Wharf Land (01997) fell more than 4% The Hong Kong Retail Management Association expects retail sales to remain flat in the first half of this year

The Zhitong Finance App learned that Jiulongchang Real Estate (01997) fell by more than 4%. As of press release, it fell 4.28% to HK$24.16, with a turnover of HK$27.198 million.

According to the news, on January 2, the Statistics Department of the Hong Kong Special Administrative Region Government released the latest retail sales figures. The provisional estimate for total retail sales value in November 2025 was HK$33.7 billion, up 6.5% from the same month of 2024. The revised estimate for total retail sales value in October 2025 was 6.9% higher than in the same month of 2024. Chairman of the Hong Kong Retail Management Association, Tse Chiu An-yee, expects that retail sales in Hong Kong will remain flat in the first half of 2026, Hong Kong people will continue to move north, and their spending power will not change much. They hope to attract high-spending customers in the future, but it will take time to drive.

Motong Daikon said retail sales slowed slightly in November, or partly due to the fire at Wang Fu Yuen in Tai Po at the end of November affecting sentiment. The bank expects Hong Kong's retail sales record to grow from low to medium in December (meaning a slight slowdown) due to a strong rise or decline in electronic products; a slight year-on-year increase in inbound visitors in December; and the Tai Po fire continuing to affect consumer sentiment. However, retail consumption in this sector continues to be supported by wealth effects brought about by the stock market and the depreciation of the Hong Kong dollar. The bank maintained a constructive view of Jiuji, with an “gain” rating due to signs that non-essential retail has bottomed out.