Hong Kong preview

China

Hong Kong has earned a reputation for being one of the world's greatest shopping destinations. From mega-malls to night markets, whether you are looking for brand-name luxury goods, second-hand items or the latest techie gadgets, there is something to suit every taste and budget. Hong Kong is a duty free port that does not impose a general sales tax on goods. As a result, it is perceived to be a Mecca for shoppers. However, prices of goods in Hong Kong have been steadily rising over the years due to inflationary pressures caused by rising real estate prices as well as exceptionally strong demand from mainland Chinese buyers.

Store opening hours in Hong Kong vary tremendously across the board. The majority of retail shops are generally open every day from 10am to 10pm and street markets are usually open from 10am to 6.30pm with the exception of the night markets which stay open until late. In some of the busier shopping districts like Causeway Bay, Tsim Sha Tsui and Mongkok, many stores stay open past 11pm and even until midnight. Shops in the Central district, however, tend to close their doors slightly earlier at approximately 9pm. Credit and debit card payments are widely accepted in Hong Kong's larger shopping establishments though cash is king at street markets and roadside stalls.


Pre-eminent market for luxury goods

Hong Kong historically has been one of the world’s most prominent markets for luxury goods due to the general affluence of its local population. However, in recent years the demand for much of its luxury retail has been fueled by the growing prosperity of buyers from the Chinese Mainland. These mainland buyers come to Hong Kong on frequent shopping trips during which they tend to buy big ticket, luxury items with cash. As a result, many of Hong Kong’s merchants nowadays display a definite preference for buyers from the mainland.


Tips for Shopping in the markets and malls of Hong Kong

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