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FEATURED SCMP: Luxury spending rises in Hong Kong despite Covid-19’s hit to the economy, report says – and so do hopes for travel in the next six months

Hong Kong luxury goods sales rose 114 per cent year on year to US$424 million in April, even though most people are ‘very concerned’ about the local economy Interest in local luxury brands has also risen, perhaps linked to anti-government protests and lockdown conditions in the past two years, one

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FEATURED Jing Daily: Sneak Peak: How Millionaires Define Luxury in 2021

Key Takeaways: In China, 63 percent of millionaires are optimistic about their financial future, as they expect an increase in disposable income. The Agility Research & Strategy Global Millionaire Luxury Report for 2021 found “a more complex and diverse definition of luxury among Chinese millionaires.” Almost 88 percent of Chinese

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FEATURED Luxury Daily: Global millionaires feel good about their future: report

Affluent consumers around the world are showing optimism for their economic well-being, especially in India, China and the United States. As the COVID-19 pandemic has changed priorities and expectations, luxury has become more experiential and value-driven. According to the latest report from Agility Research and Strategy, Chinese millionaires are expected to

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FEATURED Business of Business: Brands Invest Big in China’s Booming Watch Market

Mainland China is now the number one export market for Swiss watches, but some luxury watchmakers risk becoming over-reliant on it. …….. According to Agility Research and Strategy’s recent Trend Lens survey of wealthy consumers, an increasing proportion of China’s affluent identify with the notion of being a “collector” of

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