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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Hongkong Land’s Landmark shopping centres in Central are undergoing renovation. Photo: Jonathan Wong
Hong Kong property

Schiaparelli picks Hong Kong’s Landmark for first flagship Asian store

The fashion house, which is known for its unique and surreal designs, will open its boutique in Hong Kong January.

Hong Kong politics

1.3 million vote in Hong Kong Legco poll as turnout edges up – as it happened

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Hong Kong society

K-pop girl group Twice to proceed with Hong Kong concert this weekend

Hong Kong property

Hang Seng Bank co-founder’s kin pays US$9.3 million for Hong Kong luxury flat

Magdalene Ho acquired a 1,806 sq ft, three-bedroom flat in Sun Hung Kai Properties-developed Dynasty Court in Mid-Levels this week.

Residents of the Dynasty Court enjoy sea view and proximity to Hong Kong Zoological and Botanical Gardens. Photo: Handout
Residents of the Dynasty Court enjoy sea view and proximity to Hong Kong Zoological and Botanical Gardens. Photo: Handout
Hong Kong property

HSBC to occupy over 40,000 sq ft at Hong Kong’s Capitol Centre in 2026

Current tenant Chanel’s three-year lease for the prime retail space in Causeway Bay expires on May 15 next year.

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

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Banking & finance

Hong Kong’s investment body posts US$300 million income in first year

Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.

View of Hong Kong’s Victoria Harbour. Photo: Shutterstock
View of Hong Kong’s Victoria Harbour. Photo: Shutterstock
Hong Kong property

Ex-banker sells Deep Water Bay home, then signs a lease at The Peak

Sany non-executive director Lawrence Lam signed a HK$525,000-a-month lease on The Peak, underscoring a growing appetite for top-tier rents.

Hong Kong economy

Hong Kong travel agency probed for revealing closure day before it folded

M&F Lucky Holiday, which owes 1,500 customers about HK$1.7 million for cancelled tours, could be in breach of Travel Industry Ordinance.

Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

Guangdong Tianyu Semiconductor plans to raise US$223.42 million at its Hong Kong listing. Photo: Handout
Hong Kong property

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Soft sentiment and stalled launches are expected to drag December property transactions to their lowest since August.

Fewer working days and the festive holidays are expected to contribute to a soft property market, analysts say. Photo: Sun Yeung
Fewer working days and the festive holidays are expected to contribute to a soft property market, analysts say. Photo: Sun Yeung
Hong Kong society

On This Day | Hong Kong’s Mandatory Provident Fund launches in 2000 – from the SCMP archive

On this day 25 years ago, Hong Kong implemented its Mandatory Provident Fund scheme, requiring employees and employers to make monthly contributions.

Hong Kong property

Hong Kong’s prime office market poised for better year ahead, analysts say

The supply of new grade A office space in 2026 and 2027 is likely to be less than new prime office space completed in the last two years.

Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Illustration by Henry Wong
Hong Kong property

Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

Emperor secures bank approval while Lai Sun negotiates asset sales as they work to ease debt pressures.

The Emperor Group Centre shopping centre in Wan Chai. Photo: Shutterstock Images
The Emperor Group Centre shopping centre in Wan Chai. Photo: Shutterstock Images
Bonds

Hong Kong dollar bonds to continue surge after record US$42 billion year

City’s deep, liquid market and low inflation attract issuers amid a structural shift away from the US dollar, analysts say.

Hong Kong’s Tai Po fire tragedy

Hong Kong developers, hoteliers offer free lodging to Tai Po fire victims

Regal Hotels, Sun Hung Kai Properties, Sino Group and Langham Hospitality provide free lodging, other support.

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Hong Kong economy

Hong Kong’s finance chief seeks to attract Italian company listings on HKEX

Financial Secretary Paul Chan touted bilateral trade ties and a shared passion for creativity in his speech to the Trade Development Council.

Hong Kong Financial Secretary Paul Chan, seen on Tuesday at a dinner hosted by the Hong Kong Trade Development Council, hopes to encourage Italian firms to invest in Hong Kong. Photo: Handout
Hong Kong Financial Secretary Paul Chan, seen on Tuesday at a dinner hosted by the Hong Kong Trade Development Council, hopes to encourage Italian firms to invest in Hong Kong. Photo: Handout
Hong Kong property

Hong Kong developers Sino Group, NWD delay flat sales amid Tai Po fire grief

Developers defer sales of a total of 213 units in Yau Tong and Yau Ma Tei scheduled for Friday.

Hong Kong property

‘No acne’ salon boss snaps up US$19.58 million Ho Man Tin luxury duplex

The director behind Hong Kong’s “no acne” salon has bought into the Ultima development, putting a fresh face on the city’s luxury market.

Artificial intelligence

Hong Kong’s HKChat raises AI expectations as 90,000 users join app in debut week

HKChat tops free app ranking on Apple’s Hong Kong App Store on Sunday.

Director Guo Yike of the Hong Kong Generative Artificial Intelligence Research and Development Centre shows the core functions of the HKChat app. Photo: May Tse
Hong Kong economy

Hong Kong’s beloved Ding How noodle brand to cease operations after 57 years

Hongkongers bid fond farewell to Kam Yuen Food Company’s instant noodles, a staple in cha chaan tengs across the city.

Hong Kong instant noodle brand Ding How, will cease operations next month after 57 years. Photo: Handout
Hong Kong instant noodle brand Ding How, will cease operations next month after 57 years. Photo: Handout
Banking & finance

Hong Kong retail funds hit record pace, surpass 2024 full-year total

Gross sales reach US$82.6 billion in the first three quarters as investors pile into fixed-income funds: HKIFA.

Hong Kong economy

Revolut plans set-up in Hong Kong as Paul Chan touts city’s strengths in UK

Financial secretary calls on UK enterprises and professionals to seize opportunities in Hong Kong’s burgeoning finance and I&T sectors.

Hong Kong property

‘Out of ICU’: Hong Kong’s quarterly real estate deals triple to US$4.9 billion

Hong Kong was the second-best performing commercial real estate market in Asia-Pacific after Malaysia in the three months to September: MSCI.

The third-quarter investment in Hong Kong’s commercial real estate was the highest for any quarter since 2019. Photo: May Tse
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