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Hong Kong Economy

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Hong Kong housing
Hong Kong property
Tourism
Parallel trading
Hong Kong stock exchange
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Property investment
An electric aircraft pushback tractor at Haeco’s repair and maintenance facility in Tung Chung. Photo: Karma Lo
Hong Kong economy

Haeco, China Aircraft Leasing Group agree to build maintenance hub in Hong Kong

Two firms will set up aircraft engine maintenance centre, with initial focus on quick-turn services, hospital repair and engine asset management.

Hong Kong economy

Jobless rate steady at 3.7% since start of 2026 but pressure mounting

Cathay Pacific

Cathay Pacific to launch direct flights between Hong Kong and Almaty in January

Hong Kong economy

Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over takeover of canal ports

Latest claim by Li Ka-shing family-backed conglomerate and separate subsidiary action bring total demands over the takeover to more than HK$27.3 billion.

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CK Hutchison has launched arbitration against Panama, seeking more than HK$11.7 billion over the country’s takeover of the Balboa and Cristobal terminals. Photo: AP
CK Hutchison has launched arbitration against Panama, seeking more than HK$11.7 billion over the country’s takeover of the Balboa and Cristobal terminals. Photo: AP
Hong Kong transport

Mable Chan uses Qatar Airways office opening to drop Central Asia route reveal

SCMP has learned that Cathay Pacific Airways is the airline behind plans to launch direct route to Almaty, Kazakhstan.

Hong Kong economy

82% of Chinese firms eye overseas growth, with Hong Kong top service support pick

Trade Development Council survey also shows 94 per cent of respondents are eyeing countries in Belt and Road Initiative for expansion.

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Accounting and auditing

Hong Kong’s 5-year plan should have tax breaks, listing reforms: HKICPA

Accounting body also urges government to lobby mainland Chinese authorities about tax on cross-border trusts and insurance policies.

A view of the newly commissioned Fanling Bypass (Eastern Section) in the Northern Metropolis development megaproject. Photo: Eugene Lee
A view of the newly commissioned Fanling Bypass (Eastern Section) in the Northern Metropolis development megaproject. Photo: Eugene Lee
Hong Kong economy

How Hong Kong infrastructure, AI firms are tapping Malaysia’s growth prospects

Executives say they are actively pursuing business opportunities in Malaysia and that adapting to local market dynamics is key.

Hong Kong property

Is Hong Kong’s property market recovery running out of gas? UBS flags 4 risks

Amid AI’s impact, slower population growth, regional integration and newly built homes, investment bank says property prices likely to remain flat.

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Hong Kong sports

Hong Kong’s sports sector in 2024 helped generate extra HK$46b in value

Economic boost in year of city’s best Olympic showing spurs calls for targeted policies.

(From left) Hong Kong Olympians Vivian Kong, Siobhan Haughey and Cindy Cheung receive a warm welcome after the 2024 Paris Olympics. Photo: Elson Li
Hong Kong tourism

Hong Kong tourist arrivals up 3% in July as bad weather curbs mainland growth

Tourism board says international meetings, incentives, conventions and exhibitions helped drive an increase in business visitors and arrivals from some source markets.

Tourists brave the rain at the Tsim Sha Tsui waterfront. Photo: Jelly Tse
Tourists brave the rain at the Tsim Sha Tsui waterfront. Photo: Jelly Tse
Hong Kong economy

Impact of US trade policy shifts on Hong Kong ‘primarily psychological’: Paul Chan

Finance chief cites US trade and interest rate trends as risks for city’s economy for rest of 2026, but expects growth momentum to continue.

Hong Kong society

In Focus | Hong Kong’s growing wealth inequality: will it be an M- or olive-shaped society?

Experts say the double whammy of a rapidly ageing population and a widening wealth gap presents the city with its most pressing livelihood challenges.

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Hong Kong economy

Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambers

AmCham and FHKI also highlight the need to reinforce Hong Kong’s position as an international financial centre.

The Northern Metropolis aims to transform about 30,000 hectares of land along the mainland Chinese border into an engine for growth, a housing hub and a university town. Photo: Karma Lo
Hong Kong science and tech

Cyberport fills 50% of phase 5 offices with Lenovo among tenants: chairman

Simon Chan also says fintech hub is positioning itself as key driver in city’s first five-year plan by pushing AI development as pillar industry.

The fifth-phase project at Cyberport has been completed. Photo: Dickson Lee
The fifth-phase project at Cyberport has been completed. Photo: Dickson Lee
Hong Kong economy

URA posts HK$338 million operating surplus after three years of losses

Chairman Chow Chung-kong reveals at URA’s 25th anniversary banquet that body has returned to profit in the 2025-26 financial year.

Hong Kong economy

Hong Kong garners 16,000 submissions from consultation for city’s first 5-year plan

Minister Janice Tse says analysis of public submissions shows general support for more focused integration into national development.

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Hong Kong economy

Hong Kong raises growth forecast after best half-yearly showing in nearly 5 years

Hong Kong revises full-year economic growth forecast for 2026 to a range of 3.5 to 4.5 per cent.

The city’s economy expanded by 5.1 per cent in the first half, its strongest half-yearly performance in nearly five years. Photo: Edmond So
The city’s economy expanded by 5.1 per cent in the first half, its strongest half-yearly performance in nearly five years. Photo: Edmond So
Hong Kong economy

Northern Metropolis: Hong Kong seeks interest in land parcels for logistics hub

Land parcels are located in Hung Shui Kiu/Ha Tsuen New Development Area and are being set aside for planned modern logistics cluster.

Hong Kong economy

CK Hutchison says ‘forced termination’ of Panama ports cut 1% off throughput

Despite Panama exit, port business’ earnings before interest, taxes, depreciation and amortisation up 4 per cent to HK$9.03 billion in first half.

Hong Kong economy

Thousands of bargain hunters descend on Hong Kong’s Food Expo despite heatwave

As visitors snap up abalone, frozen salmon and other foods, some exhibitors forecast a 10 per cent increase in business this year.

Visitors flock to the first day of Hong Kong’s annual Food Expo. Photo: Karma Lo
Hong Kong transport

MTR Corp’s profit more than doubles to HK$15.8 billion on property gains

Hong Kong rail operator will earmark ‘much of the profit’ for asset replacement and maintenance, as well as development of new projects.

Net profits for Hong Kong’s rail operator, the MTR Corporation, more than doubled to HK$15.87 billion in the first half of the year. Photo: Edmond So
Net profits for Hong Kong’s rail operator, the MTR Corporation, more than doubled to HK$15.87 billion in the first half of the year. Photo: Edmond So
Hong Kong economy

In Focus | What comes next for Hong Kong as a global financial hub?

Hong Kong needs more yuan products, commodity trading infrastructure and fintech innovation, market participants say.

Hong Kong housing

‘I had planned to stay for life’: last villagers prepare to leave Cha Kwo Ling

‘There is no need for so many mega-events in Hong Kong to create something new ... better if we could retain something unique,’ resident says.

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Hong Kong science and tech

Tech innovator uses AI to rebuild David Webb’s Hong Kong database

Keith Li says he wants to bring database into the modern era using AI ‘and shake off 27 years of tech debt’.

Keith Li (right) says he will rebuild the data left by David Webb (left), who died in January. Photo: SCMP
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