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Hong Kong Economy

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

Hong Kong economy

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

Hong Kong property

Hong Kong’s commercial property investment growth beats Asian peers

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.

TDC’s Frederick Ma and Sophia Chong pose for a photo as the “Think Business, Think Hong Kong” flagship campaign gets under way in Kuala Lumpur, Malaysia. Photo: Vivian Au
TDC’s Frederick Ma and Sophia Chong pose for a photo as the “Think Business, Think Hong Kong” flagship campaign gets under way in Kuala Lumpur, Malaysia. Photo: Vivian Au
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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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.

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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.

About 72.7 per cent of respondents said they used AI tools at work on a daily or weekly basis, compared with a global average of 31 per cent cited in a 2025 KPMG study. Photo: Sam Tsang
About 72.7 per cent of respondents said they used AI tools at work on a daily or weekly basis, compared with a global average of 31 per cent cited in a 2025 KPMG study. Photo: Sam Tsang
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.

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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Domestic helpers in Tsuen Wan. Photo: Jonathan Wong
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 commerce chief Algernon Yau will lead a delegation of mainland Chinese and local firms to Malaysia. Photo: May Tse
Hong Kong commerce chief Algernon Yau will lead a delegation of mainland Chinese and local firms to Malaysia. Photo: May Tse
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.

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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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.

CLP, which supplies electricity to customers in the New Territories, Kowloon and Lantau Island, says its average net tariff in August was 4 per cent higher than in January. Photo: Elson Li
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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Residence Bel-Air. Photo: Handout
Residence Bel-Air. Photo: Handout
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.

Hong Kong economy

Food Expo vendors hoping for tasty profits with items such as caviar sake gelato

Abalone for HK$1, handcrafted caviar mooncakes and discounted coffee and milk tea packs among products at next week’s Food Expo.

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Hong Kong economy

Hong Kong ship crews stranded in Strait of Hormuz ‘safe and offered counselling’

Industry representative says the stranded crew face little immediate safety risk, though months at sea have affected them mentally and physically.

As of July, about 6,000 seafarers were stranded in the Strait of Hormuz. Photo: Reuters
As of July, about 6,000 seafarers were stranded in the Strait of Hormuz. Photo: Reuters
Hong Kong economy

Peter Lee’s family office signs Kazakhstan deal on green energy projects

Agreement covers sustainable aviation fuel, smart energy and storage projects, with Kazakh authorities to help identify sites, partners and regulatory approvals.

Hong Kong economy

Cathay Pacific posts 71% profit rise to HK$6.24 billion in first half of year

Numbers driven by stronger demand, but Hong Kong flag carrier warns of headwinds caused by escalating Middle East conflict.

Hong Kong economy

Up to 80 Hong Kong-linked ships stuck around Strait of Hormuz, trade group says

Hong Kong Shipowners Association urges industry members to be careful, citing ‘very low’ predictability of United States and Iran.

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Onlookers wade in the Strait of Hormuz as ships wait to leave. Photo: ISNA via AP
Hong Kong economy

Hong Kong retail sales rise 4.6% in June as growth streak extends to 14 months

Continued economic expansion, rising incomes and a steady increase in inbound visitors are expected to provide support to the sector.

People shop at a sportswear store. Hong Kong’s economy grew by 5.1 per cent in the first half of the year. Photo: Elson Li
People shop at a sportswear store. Hong Kong’s economy grew by 5.1 per cent in the first half of the year. Photo: Elson Li
Hong Kong economy

Hong Kong, CSRC deepen financial ties ahead of first yuan bond futures launch

Chief Executive John Lee meets China Securities Regulatory Commission chairman Wu Qing to exchange views on deepening mutual access between markets.

Hong Kong economy

Spend HK$10,000 a month on your pets? Why not, say cat lovers at Hong Kong expo

From premium cat food to AI meow translators, final day of annual expo draws thousands with purr-chasing power.

Hong Kong economy

Rains fail to deter Chiikawa fans and big spenders after roundabout cancellation

Chiikawa Artiverse, organised by local design studio, AllRightsReserved, is in its second year and will run until September 6.

Visitors take pictures of themselves seated on the stationary merry-go-round in Tsim Sha Tsui. Photo: Edmond So
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