By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Banners celebrating the 29th anniversary of Hong Kong's return to the motherland, HKSAR, China, June 29, 2026. /VCG Editor's note: Yang Hangjun is a professor and executive dean at the Graduate School of Excellence, University of International Business and Economics. The article reflects the author's views and not necessarily those of CGTN. It has been translated from Chinese and edited for brevity and clarity. July 1 marks the 29th anniversary of Hong Kong Special Administrative Region (HKSAR)'s return to the motherland and serves as an important vantage point for assessing the city's economic resilience and its role as an international financial center. At a time when global growth is slowing, geopolitical tensions are rising, and trade protectionism is resurging, international financial centes are under sustained pressure—and Hong Kong is no exception. Yet the latest data suggests a different narrative is emerging. Hong Kong's real GDP grew 5.9% year on year in the first quarter of 2026, marking its fastest quarterly expansion in nearly five years.
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