Not sure if this photo already exists here, so allow me to continue ...
Connaught Road and Soldiers Marching c.1930
Caption from photo source: “這是1927年省港大罷工後派來香港的軍人，地點是干諾道西夾威利麻街, 遠處是東邊街口, 樓柱可見「香港仔街坊汽車停車 .. 」, 前往香港仔的巴士由此處開出.”
[Translation: 1927 (photo) following Hong Kong’s general strike* (showing) “English” soldiers sent here (in response). The location is on Connaught Road West at Wilmer Street. The distant street corner (background) is Eastern. Shophouse column says bus to/from Aberdeen is at this spot.**”]
(water’s edge was to the right and camera looking west.)
The discussion that follows on the source page questions the location of the vantage point, and suggests that it was more to the east close to Connaught Central and Pedder and that the photo was taken in about 1930; and also (?) near the then 皇家碼頭巴士總站 (Royal Pier and bus terminal). I think the buildings there were more western than the ones shown here.
* About the strike - https://www.wsws.org/en/articles/2009/01/lec2-j06.html
**The next shophouse in this photo is Wing Sing Lung – a shop I seem to have seen in another photo that is closer to Connaught Central.
Photo source: uwants.com – post #154 by user almok - https://www.uwants.com/viewthread.php?tid=9868533&page=11#pid140049676