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Hong Kong Economy

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

Hong Kong economy

Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief

Hong Kong economy

Development chief hails ‘diversified’ consortium in Northern Metropolis pilot bid

Hong Kong economy

2 wet lab buildings fully leased at Hong Kong Hetao innovation hub in first phase

About 90 firms have signed up, with mainland Chinese companies accounting for more than half of tenants, senior official says.

Hong Kong’s Hetao innovation hub has already attracted a mix of global firms and start-up companies. Photo: Karma Lo
Hong Kong’s Hetao innovation hub has already attracted a mix of global firms and start-up companies. Photo: Karma Lo
Hong Kong property

Caution on land tenders key to Hong Kong’s property recovery: analysts

As Hong Kong pushes forward Northern Metropolis project, analysts say land supply should remain ‘measured’ to support property market recovery.

Hong Kong economy

Hong Kong graduates at crossroads as AI takes over entry-level jobs, experts warn

City’s net employment outlook for third quarter plunges to minus 9 per cent, 20 percentage points lower than previous quarter, ManpowerGroup reveals.

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Hong Kong economy

Can Hong Kong’s arbitration skills help the new global space race take off?

Experts, top officials say city can turn existing strengths into commercial advantage to tap into fast-growing global space economy.

The space economy is emerging as one of the next major drivers of economic growth. Photo: Reuters
The space economy is emerging as one of the next major drivers of economic growth. Photo: Reuters
Hong Kong economy

Employee training hours in Hong Kong hit 14-year high amid AI push: survey

Average training hours per staff member reached 19.4 in 2025, with firms prioritising AI and soft skills.

Hong Kong politics

Hong Kong ministers get 1.3% pay rise after civil servants secure 2% salary bump

South China Morning Post calculates monthly salary of chief secretary for administration, city’s No 2 official, has risen to HK$422,755.

Hong Kong economy

On This Day | Hong Kong pivots to a 5-day civil service work week in 2006 – SCMP archive

On this day 20 years ago, Hong Kong reduced the working week from 5.5 days to 5 for the city’s government staff.

Pictured on May 15, 2006: Civil Service Secretary Denise Yue Chung-yee at RTHK’s phone-in programme in Broadcasting House, Kowloon Tong. Photo: SCMP
Hong Kong economy

Hong Kong’s box office takings for first half of 2026 up 25% year on year

Comedy film Night King, starring Dayo Wong and Sammi Cheng, emerges as highest-grossing movie over six-month period.

Night King, starring Sammi Cheng (left) and Dayo Wong, was the biggest local box office earner for the first half of the year. Photo: Handout
Night King, starring Sammi Cheng (left) and Dayo Wong, was the biggest local box office earner for the first half of the year. Photo: Handout
Hong Kong economy

Make Hong Kong China’s ‘space finance capital’, legal group urges Beijing

Hong Kong-based Asian Academy of International Law also urges city to enact space asset legislation.

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Banking & finance

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Net fund inflows soared nearly 200 per cent, supported by a tech-led stock rally and a 30 per cent rise in capital allocated to the mainland.

Hong Kong economy

Hong Kong retail sales grow 7.9% in May, extending winning streak to 13 months

Value of retail sales for month reaches HK$33.8 billion, helped by increase in visitor numbers.

Department stores and optical shops recorded gains of 9.2 per cent and 10.3 per cent, respectively, in May. Photo: Sam Tsang
Hong Kong property

Rare momentum: Hong Kong universities, schools boost commercial property market

Educational institutions pour more than US$1.4 billion into deals, helping steady the city’s commercial real estate sector.

The Harbourfront Landmark in Hung Hom, where Nord Anglia International School has rented 73,800 sq ft of space on the third to sixth floors. Photo: Handout
The Harbourfront Landmark in Hung Hom, where Nord Anglia International School has rented 73,800 sq ft of space on the third to sixth floors. Photo: Handout
Hong Kong economy

Mainland Chinese tourists pack landmarks as Hong Kong marks July 1 anniversary

Visitors enjoy complimentary ferry rides, free museum admissions and an array of dining and retail discounts of up to 29 per cent.

Hong Kong economy

Thailand’s Bangchak takes over Hong Kong Caltex petrol stations in HK$2.1b deal

Energy conglomerate enters Hong Kong fuel market despite fierce competition and EV shift as it aims to build a regional trading foothold.

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Hong Kong economy

‘More space, better service’: Hongkongers flock to mainland for July 1 holiday

City’s checkpoints packed with residents heading across border for quick shopping and dining getaways, drawn by wider variety and lower prices.

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People visit MixC shopping centre in Nanshan, Shenzhen. Photo: May Tse
People visit MixC shopping centre in Nanshan, Shenzhen. Photo: May Tse
Hong Kong economy

Hongkongers snap up July 1 freebies and discounts with gusto

Residents take full advantage of handover anniversary deals, forming long queues at restaurants and museums and taking free rides on trams and ferries.

Hong Kong economy

Hong Kong tech chief warns AI will unleash ‘greatest industrial revolution’

Secretary for Innovation, Technology and Industry Sun Dong says city is proactively preparing for paradigm shift with key AI initiatives.

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Hong Kong property

Hong Kong developer switches to high gear with Mercedes giveaways for homebuyers

K&K Property woos wealthy buyers with luxury car sweeteners as the city’s high-end housing market rebounds.

An exterior view of One Stanley in Southern district, Hong Kong. Photo: Elson Li
Hong Kong science and tech

Hong Kong, mainland China to start sharing data this year: tech minister Sun Dong

Minister also outlines plans to host chats between students and city’s first astronaut as early as start of new school term.

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Secretary for Innovation, Technology and Industry Sun Dong. Photo: Jonathan Wong
Secretary for Innovation, Technology and Industry Sun Dong. Photo: Jonathan Wong
Greater Bay Area

Asean hopes to tap Greater Bay Area’s tech skills with closer ties: industry chiefs

Panellists at South China Morning Post’s GBA-Asean Summit list AI and green technology as key areas for cooperation.

Hong Kong economy

New Asean Chamber of Commerce launched in Hong Kong will ‘fulfil long-felt need’

New business group launched at the South China Morning Post’s GBA-Asean Summit 2026.

Hong Kong economy

No plans on handover day? SCMP breaks down Hong Kong’s biggest July 1 deals

Businesses are offering a range of deals for dining out, shopping at the mall and even taking the tram, to mark the 29th handover anniversary.

This July 1 will mark the 29th anniversary of the city’s return to Chinese sovereignty. Photo: Jelly Tse
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