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Hong Kong Economy

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Hong Kong property
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A resident walks past three cryptocurrency ATMs at the Coinhero flagship store in Causeway Bay. Photo: Antony Dickson
Singapore

How some grey-market crypto ATMs in Hong Kong can turn users into fraud victims

Tucked away in laundromats and arcades, machines offer easy access to crypto, but coming regulations will protect consumers, experts say.

Hong Kong economy

Dairy Queen to return to Hong Kong with 4 stores. Is it scooping up cheap rents?

Hong Kong property

Hong Kong bars, restaurants take on more floor space, boost novelty offerings

Hong Kong economy

Hong Kong’s first high-end expo with yachts and supercars to launch in November

SCMP learns inaugural Festival of Connoisseurs to receive some of HK$100 million set aside for MICE sector under 2026-27 budget.

Visitors to the International Jewellery Show in March. Informa and the Tourism Board are teaming up to turn the Festival of Connoisseurs into a flagship event to be held annually until 2028. Photo: Sam Tsang
Visitors to the International Jewellery Show in March. Informa and the Tourism Board are teaming up to turn the Festival of Connoisseurs into a flagship event to be held annually until 2028. Photo: Sam Tsang
Hong Kong economy

Hong Kong to mark National Day with 23-minute fireworks show featuring sunflowers

HK$18 million show on October 1 will feature 31,888 pyrotechnic shells exploding over Victoria Harbour celebrating nation’s achievements.

Hong Kong economy

Rain, internet outages hit first day of Hong Kong’s robot convenience stores

But visitors praise humanoid robots at new Galbot stores in Hung Hom, Wan Chai and Kai Tak.

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Hong Kong economy

Land tender for flagship Northern Metropolis tech hub draws 6 bids

Operator Loop Hong Kong Park Company hails ‘enthusiastic response’ to tender that follows land sale for pilot project at Hung Shui Kiu.

The Hong Kong-Shenzhen Innovation and Technology Park at the Lok Ma Chau Loop. Photo: Edmond So
The Hong Kong-Shenzhen Innovation and Technology Park at the Lok Ma Chau Loop. Photo: Edmond So
Hong Kong property

Hot property: Big banks, fashion stores seek ‘cheaper’ top Hong Kong retail

HSBC to open its first flagship operation at the Capitol Centre, where market sources say the rent is much lower than its previous tenancy.

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Hong Kong economy

Hong Kong retail sales rise 4.5% in July, marking 15th straight month of growth

Retail sales value for the month reaches HK$31 billion, with momentum remaining ‘resilient’.

Hong Kong economy

Exclusive | Singapore firms keen to tap Northern Metropolis’ ‘massive potential’, envoy says

Consul general says businesses see potential in AI, biotech and other research opportunities in the 30,000-hectare development.

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Singapore Prime Minister Lawrence Wong (fourth from left, front row) visited the Hong Kong park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in March. Photo: ISD
Hong Kong science and tech

Hong Kong can play unique role in fostering robotics industry: Paul Chan

Finance chief also welcomes launch of Galbot’s humanoid robot-operated outlets in Hung Hom, Kai Tak and Wan Chai – a first for the city.

Paul Chan visits a robot-operated store set to open on Tuesday. Photo: Karma Lo
Paul Chan visits a robot-operated store set to open on Tuesday. Photo: Karma Lo
Hong Kong economy

Exclusive | Hong Kong, Singapore aren’t ‘enemies’, our competition is healthy, envoy says

Consul General Eric Teo calls for ‘win-win collaboration’ in wealth management despite competing tax packages to attract capital.

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Hong Kong property

Can Hong Kong expect to see fewer creditor-led commercial property sales?

City’s office and retail property segments have been mired in a multi-year slump that has triggered loan defaults.

Hong Kong economy

Northern Metropolis ‘large-scale land disposal’ a win-win, Paul Chan says

Finance chief says megaproject’s success depends on attracting high-value industries and firms, with market forces steered into industrial development.

Hong Kong-Shenzhen Innovation and Technology Park. Photo: Edmond So
Hong Kong economy

Visa policy brings in more foreigners on short-term jobs and HK$20,000 salaries

Latest Immigration Department data shows 31,278 working visas granted to foreigners last year under General Employment Policy.

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Hongkongers head to work in Central. Photo: Jonathan Wong
Hongkongers head to work in Central. Photo: Jonathan Wong
Hong Kong economy

Unmanned electric aircraft makes maiden flight in Hong Kong

Flight marks collaboration between mainland Chinese firm EHang, local transport operator Kwoon Chung Bus Holdings and tech hub Cyberport.

Hong Kong culture

Expanded Mid-Autumn Festival lantern show to light up city. Here’s what to see

International Lantern Spectacular, organised by Hong Kong Tourism Board, among the city’s efforts to entice locals and visitors alike.

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Hong Kong property

Hong Kong home prices slip amid worries over Beijing’s tax clampdown

Housing rally stalls in July as tax risks curb demand, analysts say, raising doubts over market’s near-term outlook.

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Corrections in the Hong Kong stock market may also affect investor sentiment, according to analysts. Photo: Karma Lo
Corrections in the Hong Kong stock market may also affect investor sentiment, according to analysts. Photo: Karma Lo
Hong Kong culture

Hong Kong arts figures, fans pay tribute to Yayoi Kusama after her death at 97

West Kowloon arts hub chief Bernard Chan and AllRightsReserved founder Lam Shu-kam among those expressing sadness at Japanese artist’s death.

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Hong Kong

Hong Kong to launch free AI courses with tech giants Google, Microsoft for SMEs

Productivity Council collaborating with tech giants to roll out free training, boosting business adoption under HK$50 million initiative.

Hong Kong society

Bruno Mars to play 4 shows in Hong Kong next May, returning after nearly a decade

Grammy-winning US pop star will perform on May 7, 8, 11 and 12 in ‘Romantic Tour’ that also includes stops in Singapore, Japan and Thailand.

Bruno Mars performs at the 68th Annual Grammy Awards in Los Angeles in February this year. Photo: Getty Images
Hong Kong economy

Hong Kong remains most international city in Asia, widening lead over Singapore

City leads in business, connectivity and talent diversity but trails rivals in technology investment, Hong Kong General Chamber of Commerce finds.

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Hong Kong has retained first place in the Asian Cities Internationality Index, widening its lead over Singapore. Photo: Dickson Lee
Hong Kong has retained first place in the Asian Cities Internationality Index, widening its lead over Singapore. Photo: Dickson Lee
Hong Kong politics

Hong Kong lawmaker urges firms to expand into emerging markets amid US visa pause

Jonathan Lamport tells SCMP the local business community is closely monitoring whether business visa processing, approvals will be affected.

Hong Kong society

‘Squeezed further’: calls for SME energy subsidies as power fuel surcharges soar

Industry leader urges relief for Hong Kong SMEs and household consumption vouchers to ease pressures and support local businesses.

Hong Kong property

As more expats flock to Hong Kong, luxury home rents poised for further upswing

The top source of foreign finance executives moving to Hong Kong is coming from Europe and the US, says relocation firm.

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Residential property advertisements at a real estate agency in Jordan. Photo: Jelly Tse
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