Hong Kong government says no plans to formally track 'retro economy'
Hong Kong's government told the legislature it does not separately track the 'retro economy's' contribution to GDP. It outlined existing support for businesses to leverage cultural heritage and intellectual property, including film-themed tours and brand-development funds, but announced no new polic
Hong Kong – The Hong Kong government has told the Legislative Council that it does not compile separate statistics on the contribution of the so-called 'retro economy' to the city's gross domestic product (GDP).
In a written reply on 7 October 2026, the government said it had not assessed the sector's past or future economic impact. The response came after lawmaker Dr Junius Chan asked whether the administration would develop policies to capitalise on a global trend in which younger consumers spend on products evoking nostalgia and emotional value, such as film cameras and spinning tops.
While noting the potential of Hong Kong's cultural heritage and collective memory, the government said it had no plans to introduce specific measures for the retro economy. Instead, it pointed to existing schemes that could be used by businesses in any sector, including the 'Build Up, Upgrade, Transform, and Expand' (BUD) fund, administered by the Trade and Industry Department. The fund supports Hong Kong non-listed companies in brand development, upgrading and market expansion.
The government also highlighted promotional work by the Hong Kong Trade Development Council, which organises over 30 local international exhibitions each year featuring brand zones, and runs promotional events overseas. On cultural intellectual property, the Cultural and Creative Industries Development Office under the Culture, Sports and Tourism Bureau has been active in leveraging Hong Kong film IP to boost tourism. Past projects include a 'Kowloon City Glow Journey' at the Kowloon Walled City Park and a 'Police Station Glow Journey' at the former Yaumatei police station, which recreated scenes from classic Hong Kong police films. Phase two of the latter project is expected to open in early 2027.
The Hong Kong Tourism Board plans to design a film-scene walking route linking the former Yaumatei police station, Temple Street and other historic sites, combined with local food and market experiences. The Board has also divided the year into three themed seasons – the 'International Art Season' (February to May), the 'Chinese Art Season' (June to September) and the 'Festival Season' (October to February) – to attract visitors and encourage longer stays.
The Leisure and Cultural Services Department's Intangible Cultural Heritage Office has worked with local fashion brands since 2024 to produce modern cheongsam and other clothing incorporating heritage elements. The office said it would continue to provide heritage information to help brands turn intangible cultural heritage into value-added creative products.
