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Hong Kong Economy
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Hong Kong economy
Firm suspended from bidding for Hong Kong contracts after worker killed on site
Development Bureau places temporary ban on contractor after one worker killed and another injured by falling beam at site near mega bridge.
11 Jul 2025 - 9:44PM
Hong Kong property
Hong Kong government to offer just 1 residential plot for sale this quarter
11 Jul 2025 - 7:29PM
Hong Kong economy
Hong Kong authorities check MPF payments after Michelin-starred eatery closes
12 Jul 2025 - 1:07AM
Hong Kong Monetary Authority (HKMA)
HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg
HKMA intervenes to drive away carry traders who have sought to take advantage of the city’s rate gap with the US dollar.
11 Jul 2025 - 4:09PM
American and Hong Kong banknotes. Photo: Shutterstock Images
Start-ups
Hong Kong start-up wins EQT Impact Challenge with precision surgical system
Syngular Technology tops 200 hopefuls to secure €100,000 (US$117,000) investment in pitch competition organised in partnership with the Post.
10 Jul 2025 - 11:30PM
Hong Kong property
Commercial property crisis looms in Hong Kong amid sliding values
Capital value of commercial property set to fall by up to 10 per cent this year, with office and shop rents also slipping, JLL says.
10 Jul 2025 - 8:30AM
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Hong Kong economy
Hong Kong minister hints at scrapping of MPF tax break proposal for elderly
Working group has been reviewing proposal aimed at encouraging greater participation of elderly in workforce as part of silver economy push.
9 Jul 2025 - 8:02PM
The number of people aged 65 and above in Hong Kong is expected to increase from 1.64 million in 2023 to 2.67 million in 2043. Photo: Elson Li
Hong Kong economy
Hong Kong firms invest in AI proficiency despite training budget cuts: survey
Despite cuts, average annual staff training climbed by 4.6 per cent to more than 18 hours last year with a focus on emerging technologies.
9 Jul 2025 - 5:04PM
Hong Kong economy
Why investor confidence is key to acing Hong Kong’s Northern Metropolis ‘test’
Megaproject near border with mainland is a measure of city’s governance capability in Beijing’s eyes, analyst says.
9 Jul 2025 - 8:30AM
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Insurance
Hong Kong’s insurance market may balloon 55% as Greater Bay Area ages
Gross insurance premium in the city may jump to US$127 billion by 2032, Manulife Financial’s Asia president says.
8 Jul 2025 - 8:10PM
Hong Kong economy
Efforts needed to combat view ‘Hong Kong equals mainland China’: business leaders
Panellists at South China Morning Post’s China Conference 2025 also say city maintains lead over rival Singapore in key financial metrics.
8 Jul 2025 - 9:07PM
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(From left): Olga Wong, deputy Hong Kong editor, South China Morning Post; Benny Miao, executive vice president, Cathay United Bank; Eden Woon, president, American Chamber of Commerce in Hong Kong; and Dato’ Seri Cheah Cheng Hye, honorary chairman and non-executive director, Value Partners Group, attend the China Conference 2025. Photo: Eugene Lee
Blockchain
Eric Trump to headline Bitcoin Asia 2025 conference in Hong Kong
The August event comes as the race for crypto supremacy has intensified, with both Hong Kong and the US moving to legalise stablecoins.
8 Jul 2025 - 12:30PM
Hong Kong economy
Hong Kong’s Metropol Restaurant to close in September as HKUST buys the space
Dim sum restaurant will fold after 35 years in business, with expert saying such eateries have struggled to adapt to market changes.
8 Jul 2025 - 7:19PM
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Hong Kong economy
Does Hong Kong loan shark law proposal lack bite needed to tame debt collectors?
Lawmakers urge end to ‘vicious cycle’ where lenders dish out risky loans knowing they can use aggressive enforcement tactics.
8 Jul 2025 - 6:16PM
Hong Kong economy
Death threats and harassment: Hong Kong couple’s ordeal with loan sharks
What started as a HK$300,000 loan spiralled into a mountain of debt for a businessman and his wife, trapping them in a cycle of distress.
8 Jul 2025 - 6:22PM
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Bobby Tan borrowed HK$5.05 million from 30 different licensed moneylenders after his health supplement business ran into financial trouble. Photo: Jonathan Wong
Banking & finance
HSBC, Manulife, BOC Life expand offerings for Hong Kong retirees
Senior Hongkongers evaluating such investment products should be cautious about non-guaranteed payouts, a broker says.
8 Jul 2025 - 7:40AM
Hong Kong property
Hong Kong economy’s ‘mixed signals’ portend retail ‘turbulence’, analysts say
Shops keep closing despite retail sales growth but certain sectors show ‘leasing velocity’, while both tourist numbers and unemployment rise.
8 Jul 2025 - 7:17AM
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Hong Kong tourism
Surge in Hongkongers visiting Japan expected after manga ‘megaquake’ fears fade
Travel agency boss says interest in visiting the country has bounced back ‘in an explosive surge’.
8 Jul 2025 - 9:21AM
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Hong Kong residents like to travel to Osaka and other popular cities in Japan. Photo: Osaka Convention and Tourism Bureau/dpa
Hong Kong economy
Hong Kong festival to feature animal-shaped hot-air balloons, Cantopop concerts
AIA International Hot Air Balloon Fest event in September expected to draw 80,000, with stars Joey Yung and Leo Ku to perform, organiser says.
7 Jul 2025 - 7:22PM
Hong Kong economy
Retail rents in Hong Kong under pressure after vacancy rate hits 4½-year high
Analysts say shift in consumer patterns such as residents travelling to mainland for leisure has led many businesses to opt for short-term leases.
7 Jul 2025 - 7:53PM
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Mandatory Provident Fund (MPF)
MPF achieves third-best interim return amid Hong Kong market rally
Funds investing in Hong Kong and China stocks were the top performers with 18.5 per cent gain, independent research firm said in a report.
7 Jul 2025 - 2:50PM
IPO
FWD rises as it ends listing quest with a win in its hometown market
The Hong Kong IPO is not the end-game for the home-grown Hong Kong insurer, as its CEO Huynh eyes a new growth phase.
7 Jul 2025 - 4:42PM
FWD Group’s chairman Fred Ma (4th right), founder Richard Li (2nd left) and CEO Huynh Thanh Phong (3rd left), during the insurer’s trading debut on the Hong Kong stock exchange on July 7, 2025. Photo: Sun Yeung
Hong Kong property
Smaller fall in Hong Kong office rents unlikely to benefit distressed landlords
The narrowing decline in rents suggests the market is nearing a bottom, especially in prime locations, Cushman’s John Siu says.
7 Jul 2025 - 10:28AM
SCMP Business Awards
Nominations open for SCMP Live’s new 2025 Business Awards
Nominations open today until September 30 in seven categories.
7 Jul 2025 - 11:25AM
Hong Kong economy
Hong Kong manufacturers brace for higher costs as end of trade truce looms
Local firms say they have tried to send out as many orders as possible in recent months, and business outlook for rest of year remains uncertain.
7 Jul 2025 - 8:00AM
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