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Hong Kong Economy

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Asel Suankulova is confident that there will be good demand for a Hong Kong-Kazakhstan service. Photo: Jeffie Lam
Hong Kong economy

Hong Kong leader’s visit set to unlock Kazakh flights, with incentives eyed

Hong Kong-based airline exploring launching such flights up to three times a week but details are being ironed out.

Hong Kong economy

Make use of Hong Kong’s advantages, John Lee urges Kazakhstan leaders, companies

Banking & finance

Hong Kong’s venture fund eyes bigger bankroll after double-digit return

Hong Kong economy

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact.

Paul Chan says rising fuel prices will push up inflation, but the impact on Hong Kong remains limited. Photo: Sam Tsang
Paul Chan says rising fuel prices will push up inflation, but the impact on Hong Kong remains limited. Photo: Sam Tsang
Hong Kong economy

Hong Kong’s John Lee on Central Asia mission to explore new markets, expand ties

Dozens of agreements are expected to be signed during delegation’s five-day trip to Kazakhstan and Uzbekistan.

Hong Kong society

Can Hongkong Post be saved or should it become a taxpayer-funded public service?

Observers say HK$4.6 billion rescue plan only buys time as officials must decide whether basic public services should override push for profit.

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Hong Kong economy

High rents, job fears rank among top stressors for mainland students in Hong Kong

But over 40 per cent still plan to stay in city after graduation despite financial and mental strain, poll finds.

Rent and accommodation costs topped the list of grievances among 19.2 per cent of mainland Chinese students polled. Photo: Jonathan Wong
Rent and accommodation costs topped the list of grievances among 19.2 per cent of mainland Chinese students polled. Photo: Jonathan Wong
Hong Kong economy

Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Initiative would build on AI and finance convergence while supporting yuan internationalisation, finance chief Paul Chan says.

Hong Kong economy

More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say

Tour operators are linking up with mainland Chinese who have settled in region, giving city residents new ways to explore unconventional destinations.

Hong Kong economy

Hong Kong must remove bottlenecks to grow yacht economy, industry leaders say

Call comes after Beijing eases restrictions on yachts from Hong Kong and Macau entering mainland cities in Greater Bay Area.

Yacht berths at Pak Sha Wan in Sai Kung. From next month, the Hong Kong government will allow yachts to anchor at designated waters without reserving a berth at private clubs or piers. Photo: Dickson Lee
Hong Kong economy

Beijing to release Hong Kong yacht policy with mainland port details next month

State Council revamps maritime policies, exempting Hong Kong and Macau yachts from customs guarantees and simplifying registration in Greater Bay Area.

Yachts in Po Chong Wan in Aberdeen on Hong Kong Island. Photo: Elson Li
Yachts in Po Chong Wan in Aberdeen on Hong Kong Island. Photo: Elson Li
Hong Kong transport

Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing

Industry leader Chau Kwok-keung estimates about 1,800 out of city’s 18,163 cabs will be repossessed by banks as owners fail to meet mortgage payments.

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Hong Kong economy

Hong Kong well placed to help Central Asia grow yuan trade, leading banker says

Stephen Chan says city is natural choice for Central Asian countries looking to expand renminbi usage in trade and investment.

Banking & finance

Mainland Chinese react as Hong Kong tightens access to offshore investing routes

Banks have been ordered to step up checks, part of wider efforts to strengthen oversight of cross-border capital flows.

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Hong Kong's skyline Hong Kong regulators have ordered banks to strengthen compliance checks on mainland Chinese customers. Photo: Eugene Lee
Hong Kong economy

Hong Kong exports surge 43% in April, driven by strong demand for AI electronics

Figure follows earlier five-year high of 35.8% growth in March, but government remains cautious and says Middle East war could cloud outlook.

Cargo ships docked at Kwai Chung Container Terminal. Photo: Elson Li
Cargo ships docked at Kwai Chung Container Terminal. Photo: Elson Li
Hong Kong economy

Merge Hong Kong’s 2 cross-boundary ferry piers to optimise capacity: lawmakers

Such a move could cater to rising demand from luxury yachts, they say, as ferry terminals record 6.5 per cent drop in passenger numbers in 2025.

Hong Kong economy

Hong Kong eyes Central Asian listings as HKEX CEO pitches city’s deep liquidity

Bonnie Chan says city seeks closer collaboration with region ahead of city leader’s high-level trip to Kazakhstan and Uzbekistan in early June.

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Hong Kong economy

Hong Kong to roll out 2-month LPG subsidy to ease burden on transport firms

LPG subsidy to take effect on Sunday and benefit operators of city’s 20,000 commercial transport vehicles, from taxis to school buses.

Taxis drivers will benefit from the LPG subsidy, which starts on Sunday and ends on July 30. Photo: Sam Tsang
Taxis drivers will benefit from the LPG subsidy, which starts on Sunday and ends on July 30. Photo: Sam Tsang
Hong Kong economy

Top industrialist Sunny Chai picked to head firm developing San Tin Technopole

Chai to step down as science park chairman next month before taking on role at new company steering development of innovation and technology hub.

Hong Kong economy

Lawmakers push for answers on spending for HK$9.96b project with fencing arena

Development chief Doris Ho defends massive project cost, saying government has already pushed for further money-saving measures.

Hong Kong science and tech

How Hong Kong’s first astronaut triggered a space education race

Lai Ka-ying’s selection spurs interest in aerospace and satellite-design courses at centre, as industry leaders call for blueprint.

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Astronaut Lai Ka-ying waves to onlookers earlier this week as she prepares to journey into space. Photo: Reuters
Hong Kong economy

Hong Kong firm that makes medical implants to expand into Central Asia

Koln 3D CEO Edmond Yau says company will expand research in Kazakhstan, explore Uzbekistan and consider setting up factory in the region.

(From left) HKU professor of dentistry Richard Su, associate professor of orthopaedics Christian Fang, Koln 3D CEO Edmond Yau and consultant Yip Pui-pui, showing some of the medical technology firm’s products. Photo: Jonathan Wong
(From left) HKU professor of dentistry Richard Su, associate professor of orthopaedics Christian Fang, Koln 3D CEO Edmond Yau and consultant Yip Pui-pui, showing some of the medical technology firm’s products. Photo: Jonathan Wong
Hong Kong economy

China Mobile plans fresh Central Asia link to Hong Kong submarine cable network

Telecoms giant’s announcement comes ahead of Hong Kong leader John Lee’s first official visit to Kazakhstan and Uzbekistan in early June.

Hong Kong economy

Can Hong Kong airport’s Terminal 2 take off as 11 Skies, rivals pose challenges?

Experts say mixed-use complex must go beyond relying on passenger traffic and appeal to local market by matching offerings of city-centre malls.

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Hong Kong economy

Private equity firm Templewater primed as Hong Kong deepens Central Asia ties

Chairman Cliff Zhang says company positioning itself as ‘superconnector’ to channel Middle East funds into emerging market amid volatility elsewhere.

A view of the presidential palace in Astana, Kazakhstan. Photo: Getty Images
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