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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
Wai Lik New Energy reveals the electric minibus at the Hong Kong Science Park. Photo: Eugene Lee
Hong Kong transport

Hong Kong firm eyes untapped market with launch of tailor-made electric minibus

Of city’s more than 4,000 minibuses, only about 10 currently electric, according to industry leader.

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Hong Kong property

Hong Kong’s Tsim Sha Tsui tops Asia luxury retail rents – but loses global crown

Hong Kong economy

The Weeknd reveals dates for Hong Kong concerts at Kai Tak Stadium

Hong Kong economy

Small grocers’ neighbourhood links can help them beat price war, experts say

Latest price war erupted ahead of Mother’s Day with ParknShop, Wellcome offering 12 per cent off for shoppers who met minimum spending threshold.

A customer at ParknShop’s store in Tai Hang. Photo: Edmond So
A customer at ParknShop’s store in Tai Hang. Photo: Edmond So
Hong Kong economy

Hong Kong records 17% jump in investment led by purchases, construction

Finance chief Paul Chan says growth reflects improving property market, but concedes uneven recovery across different sectors.

Hong Kong property

Is Hong Kong’s cultural hub of West Kowloon emerging as ‘Central 2.0’?

SHKP to benefit as tenants including UBS, JPMorgan Chase and Banco Santander set to move into new office space near high-speed rail station.

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Hong Kong economy

Exclusive | 100 Hong Kong-linked ships ‘stranded in Strait of Hormuz’ amid Middle East war

Industry leader says figure suggests 2,300 seafarers trapped in strait, with sector’s biggest priority being keeping them supplied.

The Strait of Hormuz has become a cornerstone of the US-Israel war with Iran. Photo: ISNA/AFP
The Strait of Hormuz has become a cornerstone of the US-Israel war with Iran. Photo: ISNA/AFP
Hong Kong economy

Exclusive | Hong Kong Golf & Tennis Academy members reject Central takeover by Carlyle & Co

Some members of exclusive sports club object to Town Club operations transfer, complaining about unfair access and incompatible patron profiles.

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Hong Kong economy

Hongkongers pack major supermarkets amid ‘price war’ on eve of Mother’s Day

ParknShop and Wellcome offer 12 per cent off purchases, while HKTVmall tries to lure customers with up to 15 per cent off at physical stores.

Hong Kong economy

Budding Mother’s Day competition as Hong Kong florists prune prices

Crowds flock to Mong Kok market on day before Mother’s Day for colourful bouquets of carnations, roses and other fresh flowers.

Florists on Flower Market Road offer up bouquets for sale on the day before Mother’s Day. Photo: Dickson Lee
Hong Kong economy

2 bike-sharing apps vie for Hong Kong riders amid industry’s erratic development

Home-grown Locobike and mainland China’s Helloride must navigate challenging landscape where bicycle lanes and parking facilities are limited.

Locobike and Helloride bicycles parked near a cycling track in Tseung Kwan O. Photo: Elson Li
Locobike and Helloride bicycles parked near a cycling track in Tseung Kwan O. Photo: Elson Li
Banking & finance

Hong Kong secures US$3.5 billion to fund Northern Metropolis and green projects

Global investors pile into city’s latest bond sale, with orders 7.6 times oversubscribed, backing its green finance ambitions.

Hong Kong-UK spying row

Beijing hits out at UK over conviction of 2 men tied to Hong Kong trade office

Foreign ministry accuse UK of abusing the law after Bill Yuen and Peter Wai found guilty of spying on Hong Kong activists in Britain.

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Hong Kong-UK spying row

Why the UK won’t shut Hong Kong’s London trade office despite spying verdict

Analysts say British authorities will prioritise stable ties with Beijing given current geopolitical uncertainties.

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Hong Kong’s economic and trade office in London. Photo: Google Maps
Hong Kong transport

Cathay Pacific to lower fuel surcharges for passenger flights by up to 12.9%

Decrease to take effect on May 16 and comes after airline raised surcharges due to higher fuel prices as Middle East war disrupted supplies.

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For long-haul flights, the surcharge will fall from HK$1,560 to HK$1,362 per leg of the trip, Cathay Pacific says. Photo: Eugene Lee
For long-haul flights, the surcharge will fall from HK$1,560 to HK$1,362 per leg of the trip, Cathay Pacific says. Photo: Eugene Lee
Hong Kong economy

Veteran politician Jeffrey Lam to lead Hung Shui Kiu industrial park operator

Lam, an Executive Council member, will chair board of first entity established to accelerate development of Northern Metropolis megaproject.

Banking & finance

Hong Kong pushes gold futures relaunch as mainland China reserves climb

City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market.

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Hong Kong economy

Hong Kong restaurants can apply from May 18 to become dog-friendly venues

First phase of new scheme capped at 1,000 eateries, with successful applicants expected to be able to admit pets from July.

Hong Kong restaurants will be able to apply for licences from May 18 to allow dogs under a new scheme. Photo: Sam Tsang
Hong Kong restaurants will be able to apply for licences from May 18 to allow dogs under a new scheme. Photo: Sam Tsang
Hong Kong tourism

The Weeknd to return to Hong Kong after 8 years with Kai Tak show in October

Insiders say The Weeknd is slated to perform at the main stadium of Kai Tak Sports Park in October.

Hong Kong economy

Hong Kong draws over 1 million mainland ‘golden week’ visitors but spending lags

Authorities say shopping centres and catering sector reported growth, but industry leaders flag inconsistent spending.

Hong Kong economy

Hong Kong pledges deeper ties with Uzbekistan as China signs bilateral agreements

Hong Kong and Uzbekistan leaders meet to discuss enhanced cooperation with 15 China-Uzbek deals spanning energy, healthcare and infrastructure.

Chief Executive John Lee and Uzbekistan Prime Minister Abdulla Nigmatovich Aripov met to discuss bilateral trade and economic cooperation. Photo: Karma Lo
Hong Kong property

What does an improved Hong Kong property outlook mean for land sales?

Land tenders may test market discipline due to risk of intense bidding, given Hong Kong’s pronounced property upcycles, S&P says.

Hong Kong’s property market has seen a gradual recovery in recent months. Photo: Jelly Tse
Hong Kong’s property market has seen a gradual recovery in recent months. Photo: Jelly Tse
Hong Kong economy

Hong Kong to ban new EVs with only electronic door handles

Move aligns with mainland China’s decision following concerns that concealed door handles, which are usually electronic, pose safety risks.

Hong Kong economy

Hong Kong retail sales jump 12.8% in March on back of higher car sales

Retail sales reached HK$33.9 billion as buyers raced to make deals before first registration tax concessions for electric cars ended.

Hong Kong tourism

Aviation authorities report ‘less than 5%’ flight cuts despite Mideast war

Fewer than 5 per cent of Hong Kong flights for May and June have been cancelled, and about 1 per cent in July, despite global fuel crisis.

The Hong Kong Airport Authority reported fewer than 5 per cent of flights were cancelled in May and June, and about 1 per cent in July. Photo: Eugene Lee
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