The price-to-earnings ratios among Hong Kong stocks stand at around 10.8 times, compared with 25 times on the S&P 500 and 35 times on Nasdaq.

Analysts urge operators to think outside the box to lure diners in a market that some say is at its most cutthroat in decades.

Offshore issuance of renminbi debt — known as “dim sum” bonds because most are issued in Hong Kong, where the Cantonese cuisine is popular — has hit Rmb475bn ($66.3bn) so far in 2025, on track to ...