Advertising spending in Hong Kong reached a record HKD36.03 billion (USD4.64b) last year, driven by the continued growth of marketing campaigns in the banking, cosmetics and pharmaceutical industries.

Market-monitoring firm admanGo said that was a 16 percent increase from HKD30.98b in 2010 and 38 percent higher than the HKD26.1b the market posted in 2009.

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