China Daily Hong Kong | Article – HSBC VisionGo

The shopping festival serves as a touchstone of consumer preference and product quality for Hong Kong merchants
Management  ·    ·  0 mins read

China Daily Hong Kong:

The shopping festival serves as a touchstone of consumer preference and product quality for Hong Kong merchants


The shopping festival serves as a touchstone of consumer preference and product quality for Hong Kong merchants, said Mark Lee, research director at Asia Pacific Institute for Strategy. “By comparing their own products and services with the brands featured in the festival, they can identify their shortfalls and adapt accordingly to consumers’ palates,” he said.

Lee also said that mainland consumers today are discerning. “To make their commodities popular with mainland consumers, Hong Kong merchants have to improve their products and refine their services, to stand out.” As such, the festival expands its vision, market, and stage, he said.

He said that Hong Kong’s economy is safe and sound, thanks to the relief measures offered by the government to retailers, and the stimulus package to consumers. “Our purchasing power remains strong as we’re close to full employment, and residents with deep pockets are legion. What we’re lacking is an avenue to flex our buying power,” Lee said.

Source: https://www.chinadailyhk.com/article/236621

Mark Lee
Mark Lee
ASIA PACIFIC INSTITUTE FOR STRATEGY LIMITED
ASIA PACIFIC INSTITUTE FOR STRATEGY LIMITED