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Hong Kong Economy

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Hong Kong housing
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An aerial view of the Hung Shui Kiu/Ha Tsuen New Development Area. Photo: Elson Li
Hong Kong economy

Northern Metropolis: Hong Kong seeks interest in land parcels for logistics hub

Land parcels are located in Hung Shui Kiu/Ha Tsuen New Development Area and are being set aside for planned modern logistics cluster.

Hong Kong economy

CK Hutchison says ‘forced termination’ of Panama ports cut 1% off throughput

Hong Kong economy

Thousands of bargain hunters descend on Hong Kong’s Food Expo despite heatwave

Hong Kong transport

MTR Corp’s profit more than doubles to HK$15.8 billion on property gains

Hong Kong rail operator will earmark ‘much of the profit’ for asset replacement and maintenance, as well as development of new projects.

Net profits for Hong Kong’s rail operator, the MTR Corporation, more than doubled to HK$15.87 billion in the first half of the year. Photo: Edmond So
Net profits for Hong Kong’s rail operator, the MTR Corporation, more than doubled to HK$15.87 billion in the first half of the year. Photo: Edmond So
Hong Kong economy

In Focus | What comes next for Hong Kong as a global financial hub?

Hong Kong needs more yuan products, commodity trading infrastructure and fintech innovation, market participants say.

Hong Kong housing

‘I had planned to stay for life’: last villagers prepare to leave Cha Kwo Ling

‘There is no need for so many mega-events in Hong Kong to create something new ... better if we could retain something unique,’ resident says.

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Hong Kong science and tech

Tech innovator uses AI to rebuild David Webb’s Hong Kong database

Keith Li says he wants to bring database into the modern era using AI ‘and shake off 27 years of tech debt’.

Keith Li (right) says he will rebuild the data left by David Webb (left), who died in January. Photo: SCMP
Keith Li (right) says he will rebuild the data left by David Webb (left), who died in January. Photo: SCMP
Hong Kong property

BTS bump? Hong Kong’s hotels set for bonanza from pop superstars’ world tour

With BTS’ juggernaut world tour set to land in Hong Kong next year, the city’s hotels are tipped to see a Seoul-style surge in bookings.

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Hong Kong economy

In Focus | Why does Hong Kong need a 5-year plan – and will it curb its free-market economy?

As Hong Kong embraces long-term planning for the first time, economists and officials debate whether strategic state guidance can coexist with its open, market-led economy.

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Hong Kong economy

New Hong Kong trade office in Malaysia a bridge to Greater Bay Area: minister

Commerce chief Algernon Yau calls launch of Economic and Trade Office in Kuala Lumpur ‘highly strategic move’.

Secretary for Commerce and Economic Development Algernon Yau at the opening ceremony for the office. Photo: Handout
Hong Kong economy

SCMP signs 3 MOUs in Malaysia to deepen Hong Kong-Asean regional cooperation

South China Morning Post among delegation signing agreements in Kuala Lumpur to unite policy research, journalism and business networks across Asia.

Secretary for Commerce and Economic Development Algernon Yau (third from right), Director of Information Services John Tse (second from right) and SCMP publisher Tammy Tam (right) join Malaysian dignitaries at the MOU signing ceremony in Kuala Lumpur. Photo: Handout
Secretary for Commerce and Economic Development Algernon Yau (third from right), Director of Information Services John Tse (second from right) and SCMP publisher Tammy Tam (right) join Malaysian dignitaries at the MOU signing ceremony in Kuala Lumpur. Photo: Handout
Hong Kong property

Hong Kong’s commercial property investment growth beats Asian peers

‘Highly active’ market in city tops Singapore and Australia, although base effect, assets in receivership contribute to increase, JLL says.

Hong Kong economy

Hong Kong, Malaysia set for ‘deeper ties in semiconductor making, other sectors’

Trade Development Council chairman Frederick Ma makes comment as he joins Hong Kong’s biggest delegation to Malaysia to date for conference.

Hong Kong transport

Uber partners with Hong Kong firm to launch its first premium service outside US

Ride-hailing giant teams up with Kwoon Chung Bus to introduce Uber Elite, with lawmakers saying move won’t impact coming regulatory push.

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Timothy Wong of Kwoon Chung Bus (left) and Estyn Chung of Uber Hong Kong announced the team-up on Monday. Photo: Sun Yeung
Hong Kong property

US$19m home sale in Hong Kong’s Stanley shows resilient demand

Deal for house in One Stanley development adds to string of high-end transactions despite softer overall activity.

A view of One Stanley on the south side of Hong Kong Island. Photo: Elson Li
A view of One Stanley on the south side of Hong Kong Island. Photo: Elson Li
Hong Kong society

72% of Hong Kong professionals regularly use AI, double global average: survey

But HKUST study also finds that junior employees harbour deeper anxiety over job security amid AI’s growing adoption.

Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

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Hong Kong economy

Mega-events drive HK$5.8 billion spending in first half of year, Paul Chan says

Finance chief says more than 1.75 million people attended over 130 events from January to June, calling Hong Kong ‘an event capital’ rich in culture, arts and sports.

Fans of Inter Milan celebrate during the Hong Kong Football Festival friendly match against Manchester City at Kai Tak Stadium on August 1. Photo: Elson Li
Fans of Inter Milan celebrate during the Hong Kong Football Festival friendly match against Manchester City at Kai Tak Stadium on August 1. Photo: Elson Li
Hong Kong economy

Hong Kong employer groups call for helper wage freeze, warn of mass sackings

‘Many employers are themselves out of work or facing pay cuts or pay freezes,’ group representative says.

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Hong Kong economy

Hong Kong commerce chief to lead joint local and mainland delegation to Malaysia

Algernon Yau says about 200 mainland enterprises have already set up offices in the city since last year to expand globally.

Hong Kong economy

Hong Kong tourism sector urges action with visitor spending 44% below 2018 level

Lawmaker Perry Yiu calls for more events and cross-border cooperation as visitor spending falls from HK$353b in 2018 to HK$197.5b last year.

Visitor spending in Hong Kong remains 44 per cent below its 2018 level, prompting calls for more events and cross-border tourism cooperation. Photo: Sun Yeung
Hong Kong science and tech

In Focus | Hong Kong aims to be a global tech hub, but can it hold on to its young talent?

An increasingly risk-averse culture and a lack of early-stage support may push young start-up founders to look overseas, critics warn.

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Illustration: Quoc Huy Truong
Illustration: Quoc Huy Truong
Hong Kong economy

CLP posts HK$5.73 billion underlying profit in first half of 2026

Chairman Michael Kadoorie says company will invest to strengthen electricity supply in Northern Metropolis megaproject.

Hong Kong economy

How a Hong Kong luxury estate saved HK$1b in renovation cost with tech solutions

Ex-CEO of AsiaWorld-Expo Allen Ha says ‘homegevity’ model of targeted, consistent repairs can spare homeowners major renovation work.

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Hong Kong economy

Hong Kong urged to be ‘super partner’ in businesses’ overseas expansion push

Chinese General Chamber of Commerce chief Jonathan Choi says city should invest and operate abroad, while urging annual review of first five-year plan.

The Chinese General Chamber of Commerce has urged Hong Kong to invest and operate overseas, not just connect businesses, as well as include an annual review of its first five-year plan to keep development on track. Photo: Jelly Tse
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