Chan Urges Hong Kong Brands to Embrace Innovation to Boost Competitiveness
• Hong Kong brands should innovate to increase competitiveness and create business opportunities locally and overseas, says Financial Secretary Paul Chan • Continuous innovation and creativity are essential to drive HK's development and leading market position, attract locals and tourists • Chan cites the revamped Temple Street night market as an example of how traditional brands can innovate • HK retailers and restaurants have faced changing consumer spending habits recently • Chan says rich, distinctive holiday atmosphere helps boost local consumption and serves as a draw for tourists