Improved living standards have led to a rise in consumer confidence on the mainland and Hong Kong, reports the South China Morning Post, citing the Nielsen quarterly consumer confidence survey.
The Post says consumer confidence on the mainland is higher than ever, scoring 109 points, while Hong Kong scored 101. Any score above 100 is positive, notes the Post.
The survey found that most Hongkongers (72%) have saved their disposable income, although they were also willing to spend on holidays (49%), out-of-home entertainment (40%) and new clothes (34%). The survey also notes that Hongkongers' confidence in stocks and mutual funds is back to pre-recession levels.