“The external environment for Hong Kong is absolutely fantastic at the moment. Hong Kong has a strong China, Hong Kong has a strong US, and the financial environment of low US interest rates and a weak dollar also helps Hong Kong.

“ If you were to ask anyone in Hong Kong to take the external environment they would most like to see they currently have it.

“Of course, given the strength of the Pearl River Delta there is a strong foundation in Hong Kong – and having visited frequently in recent months there has been a significant change in sentiment since last summer. Confidence has really picked up.”  New UK budget meets expectations