According to the latest data released by the Hong Kong Census and Statistics Department, Hong Kong's retail industry was under pressure in 2025, mainly due to the influx of Hong Kong residents spending money in mainland China and the diversion of customers to e-commerce. However, it gradually stabilized in the second half of the year. Entering 2026, the Lunar New Year gift-giving effect drove a strong rebound in retail data: the retail sales value in February 2026 surged by 17.51 billion t/16 million tons year-on-year, reaching the highest level since April 2023; the combined year-on-year growth for the first two months was 11.81 billion t/16 million tons. Among them, food, alcoholic beverages, and tobacco categories saw a year-on-year growth of 17.61 billion t/16 million tons, highly consistent with the core contents of New Year gift baskets, reflecting the strong momentum of gift-giving consumption in the market.