Economy improving but recovery uneven: FS
Financial Secretary Paul Chan on Sunday said while the macro-economy and investment sentiment have improved in recent months, not all industries in Hong Kong are recovering at the same pace.  Writing on his weekly blog, Chan noted that local stocks traded near nine-month highs earlier this month and home prices rebounded in March after a 10-month fall, but he acknowledged that retailers and restaurant operators still face challenges. "Indeed, the recovery is still uneven among different industries. The retail and catering sectors are still adapting to the challenges brought by changes in the consumption patterns of residents and tourists," he wrote. "In response to market changes, we take the initiative and strive to create more favourable market conditions and atmospheres. We work with the business community to create new opportunities of growth for Hong Kong." Chan added that the government will announce shortly mega events planned for the second half of the year. He vowed to create tourism experiences with unique characteristics of the SAR to boost consumption.