Service Industries See Significant Growth in Business Receipts for Q2 2026, Led by Insurance and Technology.

Quarterly business receipts indices for service industries for second quarter of 2026

Business receipts in value terms of almost all major service industries showed increases of varying magnitudes in the second quarter of 2026 when compared with the second quarter of 2025, according to the provisional figures of business receipts indices released today (September 10) by the Census and Statistics Department (C&SD).

Comparing the second quarter of 2026 with the second quarter of 2025, double-digit increases were recorded in business receipts indices of the insurance (+60.7%), import/export trade (+37.7%), financing (except banking) (+29.1%), banking (+26.2%), transportation (+16.5%) and wholesale (+15.4%) industries. On the other hand, the warehousing and storage industry recorded a decrease of 4.1% in business receipts index during the same period.

Analysed by service domain, business receipts index of the computer and information technology services domain increased by 91.8% year-on-year during the same period, while that of the tourism, convention and exhibition services domain also increased by 3.9% year-on-year.

On a seasonally adjusted quarter-to-quarter comparison, business receipts in value terms of around half of the major service industries recorded increases of varying magnitudes in the second quarter of 2026 when compared with the first quarter of 2026. In particular, double-digit increases were recorded in business receipts indices of the financing (except banking) (+12.2%) and transportation (+10.7%) industries. On the other hand, business receipts index of the courier industry decreased by 7.8% during the same period.

Analysed by service domain, comparing the second quarter of 2026 with the first quarter of 2026 on a seasonally adjusted basis, business receipts index of the computer and information technology services domain increased by 7.5%, whereas that of the tourism, convention and exhibition services domain decreased by 6.5%.

Commentary

A Government spokesman said that business receipts of almost all service industries increased in the second quarter of 2026 over a year earlier. In particular, the insurance, import/export trade, financing (except banking), banking and wholesale industries continued to see double-digit growth in their business receipts, and that for the transportation industry also saw visible acceleration in growth. Meanwhile, business performance of the computer and information technology services domain remained robust with receipts continuing to grow, strongly underpinned by the global tech upcycle.

Looking ahead, businesses of service industries in general should see further growth amid the continued economic expansion. Nonetheless, external uncertainties and headwinds remain. The Government will continue to closely monitor the potential impacts of external developments on the services industries.

Further information

Table 1 presents the business receipts indices and their corresponding year-on-year rates of change in respect of selected service industries and service domains for the recent five quarters, while Table 2 shows the corresponding quarter-to-quarter rates of change in the business receipts indices for the recent five quarters based on the seasonally adjusted series.

The revised figures of business receipts indices for the second quarter of 2026 will be released at the website of the C&SD (www.censtatd.gov.hk/en/web_table.html?id=660-69001) on October 20, 2026.

Data for compiling the business receipts indices are mainly based on the Quarterly Survey of Service Industries conducted by the C&SD, supplemented by relevant data provided by the Hong Kong Monetary Authority and the Hong Kong Tourism Board.

A service domain differs from a service industry in that it comprises those economic activities which straddle different industries but are somehow related to a common theme. It may include all activities carried out by all companies in a service industry that is closely related to the domain. For a service industry that is less closely related, however, only a portion of the companies in the industry or even only part of the economic activities of the companies is related to the domain. Taking the tourism, convention and exhibition services domain as an example, it includes all services of convention and exhibition organisers, short-term accommodation services and services of travel agents, and some of the services (only those involving visitors as customers) of restaurants, retailers and transport operators.

The classification of service industries follows the Hong Kong Standard Industrial Classification Version 2.0, which is used in various economic surveys for classifying economic units into relevant industry classes.

More detailed statistics are given in the report "Quarterly Business Receipts Indices for Service Industries, Second Quarter 2026". Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080006&scode=520).

For enquiries about the business receipts indices, please contact the Business Services Statistics Section of the C&SD (Tel: 3903 7274 or e-mail: business-receipts@censtatd.gov.hk).

Source: AI-found images

CE meets Secretary of CPC Shenzhen Municipal Committee

The Chief Executive, Mr John Lee, met with the Secretary of the CPC Shenzhen Municipal Committee, Mr Jin Lei, at Government House today (September 10) to exchange views on deepening co-operation between Hong Kong and Shenzhen. They also witnessed the signing of a Memorandum of Understanding and a number ofagreements between the two places. Also attending the meeting were the Chief Secretary for Administration, Mr Chan Kwok-ki; the Deputy Financial Secretary, Mr Michael Wong; the Secretary for Financial Services and the Treasury, Mr Christopher Hui; the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Secretary for Constitutional and Mainland Affairs, Miss Janice Tse Siu-wa; the Acting Secretary for Security, Mr Michael Cheuk; and the Director of the Chief Executive's Office, Ms Carol Yip.

Mr Lee welcomed Mr Jin and his delegation to Hong Kong. He said that Hong Kong and Shenzhen have long maintained close ties in areas such as economic and trade and people-to-people exchanges. Under the Hong Kong/Shenzhen co-operation mechanism, the two places have established various task forces to continuously enhance collaboration in different key areas. The Memorandum of Understanding and agreements signed today cover a number of areas, including finance, innovation and technology (I&T) and support services for enterprises going global, further advancing broader, deeper and higher-level co-operation between Hong Kong and Shenzhen. The two places will continue to work together to inject stronger impetus into the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

Mr Lee said that, under the "one country, two systems" principle, Hong Kong enjoys the unique advantage of connecting the Mainland and the world. Hong Kong will continue to leverage its strengths as an international financial centre and its roles as a "super connector" and a "super value-adder". Through the Task Force on Supporting Mainland Enterprises in Going Global, Hong Kong will continue to serve Mainland enterprises, including those in Shenzhen, in expanding into international markets. China is the host of the Asia-Pacific Economic Cooperation (APEC) in 2026, and the 33rd APEC Economic Leaders' Meeting will be held in Shenzhen. The Hong Kong Special Administrative Region (HKSAR) Government will spare no effort in ensuring the success of the APEC Finance Ministers' Meeting to be held in Hong Kong, further deepen international exchanges and co-operation, and better integrate into and serve the overall national development.

Mr Lee said that Hong Kong's First Five-Year Plan, to be announced soon, will set out a blueprint for Hong Kong's future development and enable the city to seize the enormous opportunities brought by the National 15th Five-Year Plan. Hong Kong is pressing ahead at full speed with the development of the Northern Metropolis. According to the Global Innovation Index 2026, the Shenzhen-Hong Kong-Guangzhou innovation cluster again ranked first globally, fully demonstrating the strong capabilities and broad prospects of Hong Kong and Shenzhen in I&T development. The HKSAR Government will continue to promote the collaborative development of the "one zone, two parks" concept of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, and jointly contribute to the country's development into a nation that is strong in science and technology. At the same time, the HKSAR Government is making every effort to prepare for the smooth commissioning of the Huanggang Port. More than 100 system tests and drills of varying scales have been conducted and port operation arrangements are being continuously optimised, with the aim of further enhancing cross-boundary clearance efficiency and the service capacity of the port, to promote more efficient synergy between Hong Kong and Shenzhen.

CE meets Secretary of CPC Shenzhen Municipal Committee Source: HKSAR Government Press Releases