Bargaining in Hong Kong
Contrary to popular belief, the practice of bargaining for goods in Hong Kong is a dying art. Price differences are usually so marginal that it is hardly worthwhile trying to bargain. Shopkeepers who are not used to bargaining will probably react rather impatiently to your efforts. If you settle by cash you may get a slightly better deal than if you use a credit card – in many cases, shops will add an extra few percent to the price if you pay by credit card.
Do not waste time trying to bargain in department stores or modern shops. They frequently offer marked discounts to induce sales but are not amenable to any bargaining. Small family run stores may do so, and in markets you should certainly attempt to use your bargaining skills. Remember, though that if you buy from a market there are no guarantees and there's no possibility of exchanging goods. Even in street markets, it is highly unlikely that you'll be able to reduce the asking price by much more than about 10 to 20 percent.