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Hong Kong Economy

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Tourists visit the Tsim Sha Tsui waterfront on the first day of mainland China’s “golden week” Labour Day holiday. Photo: Jelly Tse
Hong Kong tourism

‘Golden week’ begins with bang in Hong Kong, but restaurants’ gains ‘limited’

City records 13 per cent increase in mainland Chinese visitors on first day of holiday, but more prudent spending is affecting restaurants.

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Hong Kong tourism

Hong Kong’s East Dam draws thousands for ‘golden week’ as entry fee floated

Hong Kong tourism

Hongkongers flock to Shenzhen for ‘better’ Labour Day dining and attractions

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Hong Kong economy

Visitors warned over removing crabs, shells from Hong Kong’s Sharp Island

Authorities, NGO step up education efforts on island in anticipation of increased footfall over Labour Day ‘golden week’ break.

Visitors collect crabs and shells at Sharp Island in Sai Kung. Photo: Eric Jiang
Visitors collect crabs and shells at Sharp Island in Sai Kung. Photo: Eric Jiang
Hong Kong economy

Yacht tourists, hikers drive ‘golden week’ optimism for Hong Kong eateries

Industry leader says 5 per cent year-on-year increase in business expected, adding that operators have ramped up manpower to cope with influx.

Hong Kong property

Hong Kong homebuyers flock to new launches as flats sell out swiftly

All 120 units at One Victoria Cove I sold out by late afternoon, while Pavilia Farm III sold 19 of 45 units by 6.50pm.

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Hong Kong economy

Industrial costs up 50% in Hong Kong since start of Mideast war: oil executive

Wah Fu Petroleum Company executive pledges to pass on subsidy to customers, while taxi union leader praises government for quick intervention.

A taxi pulls up at an LPG filling station in Yuen Chau Tsai, Tai Po. Photo: Jelly Tse
A taxi pulls up at an LPG filling station in Yuen Chau Tsai, Tai Po. Photo: Jelly Tse
Hong Kong economy

Hong Kong tour groups to mainland China surge by up to 40% for Labour Day break

Industry leaders say slight fuel surcharge rises for flights to Asian destinations ‘not main driver’ behind Hongkongers heading to mainland.

Greater Bay Area

Guangdong to ‘actively align’ with Hong Kong’s Northern Metropolis push

Province’s 15th five-year plan also uses term ‘Guangdong-Hong Kong-Macau Greater Bay Area’ 57 times.

Hong Kong economy

Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans

Measures aim to improve access to financing, strengthen resilience, and accelerate transformation amid challenges linked to Middle East war.

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Hong Kong’s small businesses are grappling with soaring fuel prices. Photo: Sam Tsang
Hong Kong economy

Hong Kong surplus hits HK$11 billion as finance chief ‘monitors’ Mideast war

Financial Secretary Paul Chan says surplus revised to HK$11 billion, HK$8.1 billion higher than the HK$2.9 billion originally forecast in budget.

Hong Kong’s government will transfer HK$150 billion from the Exchange Fund to support the Northern Metropolis and other infrastructure initiatives. Photo: Edmond So
Hong Kong’s government will transfer HK$150 billion from the Exchange Fund to support the Northern Metropolis and other infrastructure initiatives. Photo: Edmond So
Hong Kong tourism

Hong Kong urged to shift focus from tourist numbers to increasing spending

Study shows mainland Chinese tourists returning in force, but spending habits have shifted towards value and selective purchases.

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Hong Kong economy

Hong Kong exports surge 35.8% in March, sharpest rise in over 5 years

Exports rise nearly 36 per cent year on year, driven by demand for AI electronics and outpacing February’s growth despite trade disruptions.

Hong Kong economy

Hong Kong insurers’ health at risk as medical claims could double in decade

Research finds total reimbursements reached HK$17.73 billion in 2023, up by 61 per cent from HK$10.99 billion in 2019.

The increase was mainly driven by inpatient claims, which grew by 75 per cent to more than HK$14 billion, compared with a 24 per cent growth in outpatient reimbursements. Photo: Getty Images
Hong Kong economy

Hong Kong launches consultation on Keeta’s proposal over competition concerns

Competition Commission consults on delivery platform’s commitment to curb exclusivity and support fairness in the market.

Keeta has pledged to ease exclusivity rules and allow restaurants to join multiple delivery platforms. Photo: Handout
Keeta has pledged to ease exclusivity rules and allow restaurants to join multiple delivery platforms. Photo: Handout
Hong Kong economy

Hong Kong Disneyland profit drops 36% to HK$536 million as costs rise

But managing director stresses profit still second-highest in park’s 20-year history.

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Hong Kong property

Hong Kong home prices rise to 28-month high as buyers shrug off war fears

Prices of the city’s residential property rose by 1.4 per cent, showing strong resilience despite economic turbulence caused by the Iran war.

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Hong Kong economy

Sole eatery on Hong Kong’s southernmost island may shut after 50 years in business

Owner of Ming Kee Seafood Restaurant on Po Toi Island says he is hoping someone will take over his business but customers have dwindled.

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Located on the southern tip of Po Toi, the restaurant was once popular with people sailing boats that anchored in Tai Wan bay. Photo: SCMP
Located on the southern tip of Po Toi, the restaurant was once popular with people sailing boats that anchored in Tai Wan bay. Photo: SCMP
Hong Kong economy

Cinema Day attracted 201,000 film-goers. How does it stack up against last year?

Annual event started in Hong Kong after Covid-19 pandemic to help drum up business for industry and is funded by authorities.

Hong Kong property

Frenzy for Hong Kong luxury homes seen continuing after 156% sales rise

Stock-market gains and attractive prices will continue to lure wealthy buyers including mainland Chinese investors, agents say.

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Hong Kong economy

IPO market ‘raises HK$140 billion’ as Hong Kong renews gold trading push

Financial Secretary Paul Chan says city remains top IPO hub, citing strong demand among ‘high-quality’ companies and robust market momentum.

Financial Secretary Paul Chan says Hong Kong has topped IPO rankings, highlighting a robust turnover and rising interest from global firms. Photo: Handout
Hong Kong property

Hong Kong developers clear stock amid strong demand and shrinking supply

Nearly 300 flats released as strong demand meets falling supply, with completions set to decline over the next two years.

Pavilia Farm III – Hong Kong’s residential sales hit a four-year high in 2025 with 62,832 units changing hands. Photo: Handout
Pavilia Farm III – Hong Kong’s residential sales hit a four-year high in 2025 with 62,832 units changing hands. Photo: Handout
Hong Kong economy

Exclusive | Hong Kong Aberdeen marina project attracting local and overseas interest

Experts call for better infrastructure and clearer tourism positioning as leading local yacht club and Singaporean operator say they hope for key role.

Cathay Pacific

Cathay raises HK$2 billion after tapping public bond market

Company says bond issuance is biggest of its kind by locally based, non-public sector company.

Hong Kong economy

Over 50 Central restaurants, shops join drive to boost spending, lure tourists

Merchants taking part in scheme promoting hidden delicacies and goods will offer discounts to residents and tourists.

Visitors in Central. The initiative is aimed at encouraging tourists to explore the art, historical sites, local culture and delicacies of Central and Sheung Wan. Photo: Jelly Tse
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