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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Property investment
The Northern Metropolis tender at Hung Shui Kiu aims to integrate housing with innovation and technology uses. Photo: Eugene Lee
Hong Kong economy

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

Despite receiving two bids for Hung Shui Kiu project, Bernadette Linn says mix of property developers and operators meets government’s aim.

Hong Kong economy

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

Hong Kong property

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

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.

Jobseekers browse through information at a youth recruitment day organised by the Labour Department on June 24. Photo: Elson Li
Jobseekers browse through information at a youth recruitment day organised by the Labour Department on June 24. Photo: Elson Li
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.

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.

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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.

Authorities have said the decision was based on recommendations from an independent commission. Photo: Jelly Tse
Authorities have said the decision was based on recommendations from an independent commission. Photo: Jelly Tse
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.

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.

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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This screen grab shows Shenzhou-21 astronaut Wu Fei performing extravehicular activities outside the Tiangong space station earlier this year. Photo: Xinhua
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.

People walk through Central district in Hong Kong. Assets and wealth under management in the city have surged to a record high. Photo: Jelly Tse
People walk through Central district in Hong Kong. Assets and wealth under management in the city have surged to a record high. Photo: Jelly Tse
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.

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.

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.

The Golden Bauhinia Square in Wan Chai is a photo hotspot for locals and visitors alike. Photo: Karma Lo
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.

A Hong Kong petrol station operated by Caltex. Thailand’s Bangchak will retain the brand after buying Chevron’s local business in a HK$2.1 billion deal as part of its regional expansion strategy. Photo: Sam Tsang
A Hong Kong petrol station operated by Caltex. Thailand’s Bangchak will retain the brand after buying Chevron’s local business in a HK$2.1 billion deal as part of its regional expansion strategy. Photo: Sam Tsang
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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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.

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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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A robot wows people at a conference hosted by the Hong Kong Generative AI Research and Development Center at the Hong Kong University of Science and Technology on June 3. Photo: Dickson Lee
A robot wows people at a conference hosted by the Hong Kong Generative AI Research and Development Center at the Hong Kong University of Science and Technology on June 3. Photo: Dickson Lee
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.

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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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.

The Greater Bay Area refers to Beijing’s initiative to turn Hong Kong, Macau and nine mainland Chinese cities into an integrated economic powerhouse. Photo: Eugene Lee
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.

Dignitaries, including city leader John Lee (front centre), gather for a group photo at the launch of the new chamber. Photo: May Tse
Dignitaries, including city leader John Lee (front centre), gather for a group photo at the launch of the new chamber. Photo: May Tse
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.

Hong Kong economy

‘Hong Kong positioned to link Asean, Greater Bay Area amid geopolitical shifts’

At SCMP’s GBA-Asean Summit, city leader stresses that the two regions have what it takes to form a ‘powerful and complementary partnership’.

Hong Kong economy

No plan to extend tighter rules to yoga and dance studios: Hong Kong official

Proposed rules would apply only to gyms and beauty parlours, which logged about 5,000 prepaid contract complaints over six years, official says.

The proposals have triggered concern in the beauty industry. Photo: Jelly Tse
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