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Hong Kong Economy

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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
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?

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Hong Kong economy

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

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
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 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.

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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
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.

Henry Poon of On Kee Dry Seafood says abalone for HK$1 will be offered as part of a game to attract customers. Karma Lo
Henry Poon of On Kee Dry Seafood says abalone for HK$1 will be offered as part of a game to attract customers. Karma Lo
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.

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.

A Cathay Pacific plane takes off from Hong Kong International Airport in May this year. Photo: Elson Li
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
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.

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.

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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.

The Hong Kong Cat Expo 2026 was held from July 31 to Aug 2 in Wan Chai. Photo: Karma Lo
The Hong Kong Cat Expo 2026 was held from July 31 to Aug 2 in Wan Chai. Photo: Karma Lo
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.

Hong Kong economy

Mainland transit gives Hongkongers option for Europe trips amid Middle East war

Industry leaders expect more Hongkongers to choose Europe via mainland transit, but warn cheaper fares may be offset by higher fuel charges.

Hong Kong economy

Kowloon Walled City action film sequel’s gritty, nostalgic set draws residents

Production for sequel to 2024 blockbuster coincides with Hong Kong authorities’ recent bid to convert film sets and props into tourist attractions.

The film set for Twilight of the Warriors: The Final Chapter has been constructed in a previously empty factory space at Yuen Long Innopark. Photo: Sun Yeung
Hong Kong economy

Exclusive | Rosewood Hotel Group to press on with clubhouse takeover as opposition escalates

A group of HKGTA patrons has written to the Legco Secretariat to oppose change of Town Club operator after filing complaints with authorities.

The HKGTA Town Club in Central is a private club that offers exclusive amenities and dining. Photo: Handout
The HKGTA Town Club in Central is a private club that offers exclusive amenities and dining. Photo: Handout
Hong Kong economy

CUHK earmarks Pak Shek Kok site for new medical building and 10th college

CUHK president Dennis Lo says new site gives room to expand while warning that high housing costs remain a drag on city’s research sector.

Hong Kong economy

Hong Kong to raise annual GDP forecast after robust growth in first half of 2026

Experts predict gross domestic product for the whole year could easily hit 4 per cent.

Hong Kong economy

Patrolling robot damaged after falling down staircase at Hong Kong airport

Hong Kong authorities investigating after accident during trial run on Saturday.

The robot lies at the bottom of the staircase with its arms shattered into pieces. Photo: Handout
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