Hong Kong Retail Sector Faces Pressures: Lawmakers Call for Lower Rents

Introduction

The retail sector in Hong Kong has been experiencing notable difficulties, as identified by a recent survey from the New People’s Party.

Survey Findings

• Areas near the Shenzhen border have been impacted the most.
• There is a direct correlation between **mainland spending** and local **store closures**.

Lawmakers' Proposal

In response to the concerning **survey results**, lawmakers are calling on the government to implement **rent reductions** for local retailers.

Conclusion

This initiative aims to provide immediate relief for struggling retailers and enhance the overall shopping environment, which is crucial for the local economy.