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Retail Management Association: The basic market factors remain unchanged, and the market has not yet shown signs of improvement.
Annie Lo, Executive Director of the Retail Management Association, pointed out that the main reason for the narrowed decline in retail data in Hong Kong in September is the low base effect. She mentioned that the current market conditions have not changed fundamentally, with general weakening in consumer spending among citizens, coupled with strong performance of the Hong Kong dollar and the influx of mainland Chinese visitors, the market remains weak without any signs of improvement. 70% of the association's members expect business performance to continue to decline in October. Annie Lo stated that among these members, non-essential items are experiencing a larger decline, while 30% expect business to remain stable or improve, primarily relying on promotional activities and new product launches. Members are still pessimistic about the performance in November and December. She pointed out that half of the members anticipate a decline in business in November, during the Christmas holiday in December.
Tourism Board: The number of visitors to Hong Kong in September increased by about 10% year-on-year, with a nearly 40% year-on-year increase in the first three quarters accumulated.
According to the Tourism Board, the number of visitors to Hong Kong in September is close to 3.1 million, an increase of about 10% year-on-year, with approximately half of them being overnight visitors. In the first three quarters of this year, the number of visitors to Hong Kong has increased by nearly 40% year-on-year, with mainland and non-mainland visitors to Hong Kong seeing respective increases of 35% and 59% year-on-year.
Best Mart 360 (02360.HK) established the Governance Committee.
On October 29, Best Mart 360 (02360.HK) announced that the company is committed to following good corporate governance principles to maintain a high level of corporate governance, establish good corporate governance practices to enhance accountability and transparency of operations, and periodically strengthen internal monitoring systems to meet the expectations of its shareholders. In this regard, the board of directors has announced that the governance committee has been established, effective from September 20, 2024. The current members of the governance committee are Gao Wei, Cai Suyu, and Lu Rong. Gao Wei has been appointed as the chairman of the governance committee. The terms of reference of the governance committee will be published on the Hong Kong Stock Exchange and the company's website.
HKSAR Interdepartmental Working Group: Over 0.22 million mainland visitors visited Hong Kong on the first day of the National Day Golden Week, setting a new single-day record for overall visitor volume to Hong Kong.
The cross-departmental working group led by the Chief Secretary for Administration announced the festive arrangements. On the first day of the Mainland National Day Golden Week this year (October 1st), the number of Mainland visitors to Hong Kong reached 0.2216 million, setting a new high for Mainland inbound visitors in a single day since the outbreak. This also refreshed the single-day record of overall visitor arrivals in Hong Kong. In addition, according to the latest data from travel agents to the Travel Industry Council, there were 219 Mainland inbound tour groups on the first day of the Mainland National Day Golden Week, and it is expected that there will be 280 Mainland inbound tour groups arriving in Hong Kong on October 2nd, with approximately 80% being overnight itineraries. The Travel Industry Council will continue to increase manpower to inspect locations with more inbound tour group activities, including major entry points,
BEST MART 360: INTERIM REPORT 2024
BEST MART 360 To Go Ex-Dividend On September 13th, 2024 With 0.11 HKD Dividend Per Share
August 28th (Beijing Time) - $BEST MART 360(02360.HK)$ is trading ex-dividend on September 13th, 2024.Shareholders of record on September 16th, 2024 will receive 0.11 HKD dividend per share on
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