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Hong Kong Economy

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Hong Kong housing
Hong Kong property
Tourism
Parallel trading
Hong Kong stock exchange
Hong Kong land sale
Property investment
Cats owners and their pets at a press conference held by the Hong Kong Cat Expo 2026 in Wan Chai on Monday. Photo: May Tse
Hong Kong economy

Hongkongers spend record HK$2,000 per month on cats as ‘silver’ pet market grows

Hong Kong Cat Expo organiser says growing proportion of ageing felines will drive future market growth as owners seek better care for pets.

Hong Kong transport

Hong Kong ramps up autonomous vehicle tests as Baidu expands trials in city

Banking & finance

Will Hong Kong’s board-lot reform bump HSBC’s share turnover?

Hong Kong property

Hong Kong developers ready new home sales amid muted price increases

SHKP released the price list for 120 units at its Garden Regency project in Kam Tin North in the New Territories on Tuesday.

The launches come amid an anticipated cooling in home prices in the city, following a 7.4 per cent increase so far this year. Photo: Sam Tsang
The launches come amid an anticipated cooling in home prices in the city, following a 7.4 per cent increase so far this year. Photo: Sam Tsang
Hong Kong economy

Why some Hongkongers take a 6-hour train ride for a Zhangjiajie holiday

‘The seats are more spacious and it’s easier to walk about. It’s also easier to grab a bite and use the toilets,’ one traveller says.

Hong Kong economy

Fifa World Cup: Hong Kong pubs, restaurants enjoy net gains from big matches

Lan Kwai Fong Group chairman Allan Zeman says business ‘up 60 to 70 per cent’ in nightlife district and set to get ‘crazier’ for the final.

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Hong Kong economy

Gulf capital flowing into Asia as trade with Hong Kong rises 35%: Paul Chan

Finance chief says bilateral trade surged in first five months of 2026 following deepening of ties in recent years.

Financial Secretary Paul Chan (centre) attends the opening ceremony of LEAP East 2026 in Wan Chai. Photo: Sam Tsang
Financial Secretary Paul Chan (centre) attends the opening ceremony of LEAP East 2026 in Wan Chai. Photo: Sam Tsang
Hong Kong economy

Hong Kong’s 3-year deal to host LEAP East ‘affirms’ global I&T role

Partnership shows industry’s confidence in Hong Kong and further proves its role as ‘superconnector’, Tourism Board chairman Peter Lam says.

Hong Kong housing

New Pak Shek Kok railway station fast-tracked ‘to support I&T development’

Government seeks to build station as soon as possible to support tech hub, think tank says, but district councillors call for financial transparency.

Hong Kong property

Hong Kong keeps tight grip on housing land supply despite property rebound

Government will tender just one plot in Kowloon this quarter, as officials point to future supply from railway, redevelopment and Northern Metropolis projects.

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Development Secretary Bernadette Linn Hon-ho meets the media on the land sale programme for July to September 2026 at Central Government Offices in Tamar. Photo: SCMP/May Tse
Hong Kong economy

Hong Kong proposes job-related injury compensation for gig delivery workers

Proposals will only cover those in food and goods delivery services, as these two sectors employ most gig workers, bureau says.

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A food delivery rider in Causeway Bay. Photo: Karma Lo
A food delivery rider in Causeway Bay. Photo: Karma Lo
Hong Kong economy

Why did only 2 city firms put up their hands for Northern Metropolis project?

New land disposal model pairing developers and industrial operators demands longer paybacks, with implications for smaller firms, experts say.

Hong Kong property

Hong Kong’s 5-star resilience: city’s luxury hotels pull ahead of competition

Robust demand spurs investment activities in the luxury-hotel segment, and transactions have seen strong growth across the Asia-Pacific region since 2017.

Hong Kong transport

Pak Shek Kok station on East Rail line scheduled to open as early as 2033

Development Bureau says MTR Corp will be allowed to build private flats at new station, as opposed to previous plan for at least some public housing.

An aerial view of Pak Shek Kok. Photo: Elson Li
Hong Kong economy

Saudi Arabian tech giant eyes Hong Kong as Asia gateway and smart city partner

Elm, backed by Saudi Arabia’s sovereign Public Investment Fund, expresses strong ‘appetite’ for engaging with Northern Metropolis project.

Majid Saad Al-Arifi, executive vice-president of marketing at Elm, at LEAP East 2026. Photo: Jonathan Wong
Majid Saad Al-Arifi, executive vice-president of marketing at Elm, at LEAP East 2026. Photo: Jonathan Wong
Gold in Hong Kong

China gold ETFs see record US$2.91 billion outflow in June as risk appetite returns

Global gold market trading volumes averaged a record US$488 billion per day during the first half of the year.

Hong Kong tourism

Tourist arrivals in Hong Kong jump by 13% to 26.7 million in first half of year

Increase shows success of strategy based on mega-events, tourism minister says, while transport chief also points to more destinations served by airport.

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Hong Kong science and tech

Hong Kong’s Paul Chan to make second trip to Saudi Arabia to build Mideast ties

Finance chief announces plan to visit kingdom as Hong Kong becomes first city to host LEAP tech conference outside Saudi Arabia.

Financial Secretary Paul Chan (centre) attends the opening ceremony of LEAP East. Photo: Handout
Financial Secretary Paul Chan (centre) attends the opening ceremony of LEAP East. Photo: Handout
Hong Kong economy

Hong Kong should build AI plan around ‘competitive’ strengths, experts say

Panel speakers at China Conference say city’s AI blueprint should not be too broad and harness urban development, healthcare and finance capabilities.

Banking & finance

Beyond a bridge: Hong Kong digs in to shore up fragile ‘moat’, anchor growth

Officials deploy multipronged strategy – from tax incentives to new gold clearing system – to recalibrate city’s global standing amid shifting capital flows, regulatory changes.

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Consumer protection in Hong Kong

Customers seeking refunds during cooling-off period will need to pay admin fee

Under proposed changes, customers should shoulder a percentage of the total sum when they apply to cancel a contract, government says.

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The government’s proposals include a statutory seven-day cooling-off period and a 14-day refund window for fitness and beauty contracts. Photo: Jelly Tse
Hong Kong economy

Hong Kong’s war-risk pool testament to collaboration, insurance leader says

Five local insurers built marine war-risk pool to address uncertainties over unstable conditions in the Middle East.

Selina Lau, chief executive of the Hong Kong Federation of Insurers, says the industry is helping to secure the city’s future. Photo: Jonathan Wong
Selina Lau, chief executive of the Hong Kong Federation of Insurers, says the industry is helping to secure the city’s future. Photo: Jonathan Wong
Hong Kong economy

AI ‘central plank’ in Hong Kong’s economic development, John Lee says

City leader says first five-year blueprint and coming policy address will drive AI-led growth.

Hong Kong economy

SCMP’s China Conference to debut in Astana this September

Esteemed China Conference series in Kazakh capital will highlight opportunities in fast-growing Central Asia.

Hong Kong economy

Cantopop star Sammi Cheng’s Kai Tak Stadium concerts postponed over stage glitch

Appreciation shows to be held in place of concerts, with ticket holders given option to seek refund or keep passes for rescheduled event.

Sammi Cheng at the 41st Hong Kong Film Awards. Photo: Dickson Lee
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