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Hong Kong Economy

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Hong Kong housing
Hong Kong property
Tourism
Parallel trading
Hong Kong stock exchange
Hong Kong land sale
Property investment
Travellers at Hong Kong International Airport. Photo: Jelly Tse
Hong Kong tourism

Vietnam, mainland China among top Lunar New Year destinations for Hongkongers

South Korea and Japan also popular as some residents make the most of break by taking two days of leave to enjoy nine consecutive days off.

Hong Kong economy

West Kowloon arts hub seeks US$1 billion in first bond sale to fund operations

Hong Kong economy

John Lee vows ‘systematic framework’ to align Hong Kong with nation’s blueprint

Hong Kong economy

Bookings up but bottom lines flat for Hong Kong reunion dinners

Seafood chain says bookings for reunion dinners have risen 10 per cent but overall year-on-year earnings for Lunar New Year period could ‘just about balance out’.

London Restaurant in Mong Kok says overall earnings for the Lunar New Year period might drop by about 10 per cent this year. Photo: Sam Tsang
London Restaurant in Mong Kok says overall earnings for the Lunar New Year period might drop by about 10 per cent this year. Photo: Sam Tsang
Banking & finance

Hong Kong banks’ profit growth slows amid rising bad debt, slim margins

Profit growth slows to 7.3 per cent from 8.4 per cent a year earlier as bad loans exceed two-decade average, HKMA says.

Hong Kong property

Hong Kong tycoon Joseph Lau’s kin sell Mid-Levels flat for US$12.8 million

Entity controlled by Lau’s eldest son Lau Ming-wai and former partner Yvonne Lui turns profit on deal amid firming prices in luxury segment.

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Hong Kong economy

Hong Kong braces for 11.38 million trips during Lunar New Year travel rush

Projected figure marks 16 per cent increase from last year, according to Immigration Department.

Tourists flock to the Avenue of Stars in Tsim Sha Tsui during the Christmas holidays. Photo: Jelly Tse
Tourists flock to the Avenue of Stars in Tsim Sha Tsui during the Christmas holidays. Photo: Jelly Tse
Hong Kong economy

Vendors upbeat despite rent rises as crowds flock to Lunar New Year fair

From flowers to fai chun, crowds return in force to Victoria Park on the fair’s opening day as the Year of the Horse approaches.

Hong Kong economy

Hollywood stars to headline Hong Kong’s first Comic Con

Mads Mikkelsen, Giancarlo Esposito and Christopher Lloyd lined up for Hong Kong Comic Con 2026 to be held from May 29 to 31.

Hong Kong tourism

‘Brilliant’ retail and dining revenue gives Hong Kong’s Ngong Ping 360 boost

Operator will introduce cable car night rides for the first time to headline its 20th anniversary celebrations.

Passengers enjoy a ride on the Ngong Ping 360 cable car. Photo: Elson Li
Hong Kong property

Hong Kong land fetches US$230 million as Chinese developer outbids city rivals

China Overseas Land & Investment beats eight rivals to secure a 50-year lease for a 33,712 sq ft housing plot in Ngau Tau Kok.

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The residential site on Choi Ha Road, near Amoy Gardens, is expected to yield 470 residential units. Photo: Google Maps
The residential site on Choi Ha Road, near Amoy Gardens, is expected to yield 470 residential units. Photo: Google Maps
Family offices

Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility.

Hong Kong politics

Ports row prompts Hong Kong investors to reassess stakes in Panama: John Lee

City leader also says Hong Kong government fully supports Beijing’s intention to safeguard rights of Chinese enterprises.

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Hong Kong economy

Hong Kong stepping up as global arbitration hub, deputy justice secretary says

Horace Cheung also confident of city’s investment prospects, while the Indonesian Law Policy Strategy Agency’s Andry Indrady cites Singapore’s strengths.

(From left) SCMP publisher Tammy Tam, Deputy Secretary for Justice Horace Cheung and Andry Indrady, head of the Law Policy Strategy Agency of Indonesia’s Ministry of Law at the China Conference: Southeast Asia 2026 in Jakarta. Photo: SCMP
Banking & finance

Mainland China’s investors pour into Hong Kong-listed drug stocks

An index tracking Stock Connect buying of 40 mainland drug firms gains 9 per cent in a week as China’s industry heft grows.

An employee works on a drug production line at a pharmaceutical company in Meishan, China, on January 30, 2024. Photo: NurPhoto via Getty Images
An employee works on a drug production line at a pharmaceutical company in Meishan, China, on January 30, 2024. Photo: NurPhoto via Getty Images
Hong Kong property

How Hong Kong’s headquarters economy fuels rebound in commercial property

The headquarters economy is powering office and retail recovery, with rising demand, stabilising rents and renewed investor confidence.

Hong Kong economy

Hong Kong ‘will deepen technology, industry links under nation’s blueprint’

Finance chief Paul Chan says Hong Kong must make better use of strengths as global financial hub to speed up industrial development.

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Hong Kong economy

Alo Yoga takes over waterfront store space in Hong Kong as its Asia play heats up

Company moves into 7,000 sq ft, two-storey space at K11 Musea in latest example of success of ‘experience-led’ brands.

Hoarding at K11 Musea in Tsim Sha Tsui. Alo Yoga has already launched large stores in Seoul, Singapore and Bangkok. Photo: Jelly Tse
Hoarding at K11 Musea in Tsim Sha Tsui. Alo Yoga has already launched large stores in Seoul, Singapore and Bangkok. Photo: Jelly Tse
Hong Kong economy

Hong Kong summons Panama envoy over court ruling on CK Hutchison ports concession

Commerce minister Algernon Yau says Panama ruling to strip Li Ka-shing firm’s subsidiary of canal port rights ‘undermines’ trade rules.

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Hong Kong economy

Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash

Dozens seen queuing at cryptocurrency shops at Admiralty Centre to buy bitcoin after price fell by more than half from its peak.

Hong Kong property

Kowloon East site attracts nine bids as Hong Kong housing outlook brightens

Hong Kong developers show stronger interest in land sales as home prices rebound and sentiment improves.

The residential site on Choi Ha Road, near private housing estate Amoy Gardens, is expected to yield 470 residential units. Photo: Google Maps
US-China trade war

US Treasury chief warns of China’s push for digital asset dominance

Scott Bessent tells senators the US must pass the Clarity Act to counter Hong Kong’s ‘sandbox’ and maintain global financial leadership.

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US Treasury Secretary Scott Bessent during a Senate Banking Committee hearing on Thursday. Photo: Reuters
US Treasury Secretary Scott Bessent during a Senate Banking Committee hearing on Thursday. Photo: Reuters
Hong Kong economy

Is Hong Kong barking up the wrong tree with dog-friendly restaurants?

Can pet-friendly premises really give Hong Kong’s economy a boost?

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Hong Kong property

Hong Kong property back as a top choice for foreign investors, study says

Commercial sector rebounds after missing top 10 a year ago, CBRE says, as Knight Frank research shows recovery in luxury residential deals.

IPO

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
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