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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Kwai Chung Container Terminal. The US is Hong Kong’s fourth largest export market. Photo: Elson Li
Hong Kong economy

Impact of US trade policy shifts on Hong Kong ‘primarily psychological’: Paul Chan

Finance chief cites US trade and interest rate trends as risks for city’s economy for rest of 2026, but expects growth momentum to continue.

Hong Kong society

In Focus | Hong Kong’s growing wealth inequality: will it be an M- or olive-shaped society?

Hong Kong economy

Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambers

Hong Kong science and tech

Cyberport fills 50% of phase 5 offices with Lenovo among tenants: chairman

Simon Chan also says fintech hub is positioning itself as key driver in city’s first five-year plan by pushing AI development as pillar industry.

The fifth-phase project at Cyberport has been completed. Photo: Dickson Lee
The fifth-phase project at Cyberport has been completed. Photo: Dickson Lee
Hong Kong economy

URA posts HK$338 million operating surplus after three years of losses

Chairman Chow Chung-kong reveals at URA’s 25th anniversary banquet that body has returned to profit in the 2025-26 financial year.

Hong Kong economy

Hong Kong garners 16,000 submissions from consultation for city’s first 5-year plan

Minister Janice Tse says analysis of public submissions shows general support for more focused integration into national development.

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Hong Kong economy

Hong Kong raises growth forecast after best half-yearly showing in nearly 5 years

Hong Kong revises full-year economic growth forecast for 2026 to a range of 3.5 to 4.5 per cent.

The city’s economy expanded by 5.1 per cent in the first half, its strongest half-yearly performance in nearly five years. Photo: Edmond So
The city’s economy expanded by 5.1 per cent in the first half, its strongest half-yearly performance in nearly five years. Photo: Edmond So
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

Despite Panama exit, port business’ earnings before interest, taxes, depreciation and amortisation up 4 per cent to HK$9.03 billion in first half.

Hong Kong economy

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

As visitors snap up abalone, frozen salmon and other foods, some exhibitors forecast a 10 per cent increase in business this year.

Visitors flock to the first day of Hong Kong’s annual Food Expo. Photo: Karma Lo
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
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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South Korean boy band BTS performs during the final of the 2026 World Cup in the United States. Photo: AFP
South Korean boy band BTS performs during the final of the 2026 World Cup in the United States. Photo: AFP
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’.

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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
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