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Hong Kong Economy

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A man walks past a money exchange shop in Central, Hong Kong. Photo: Felix Wong
Hong Kong economy

Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Initiative builds on AI and finance convergence while supporting yuan internationalisation, finance chief Paul Chan says.

Hong Kong economy

More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say

Hong Kong economy

Hong Kong must remove bottlenecks to grow yacht economy, industry leaders say

Hong Kong economy

Beijing to release Hong Kong yacht policy with mainland port details next month

State Council revamps maritime policies, exempting Hong Kong and Macau yachts from customs guarantees and simplifying registration in Greater Bay Area.

Yachts in Po Chong Wan in Aberdeen on Hong Kong Island. Photo: Elson Li
Yachts in Po Chong Wan in Aberdeen on Hong Kong Island. Photo: Elson Li
Hong Kong transport

Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing

Industry leader Chau Kwok-keung estimates about 1,800 out of city’s 18,163 cabs will be repossessed by banks as owners fail to meet mortgage payments.

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Hong Kong economy

Hong Kong well placed to help Central Asia grow yuan trade, leading banker says

Stephen Chan says city is natural choice for Central Asian countries looking to expand renminbi usage in trade and investment.

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Banking & finance

Mainland Chinese react as Hong Kong tightens access to offshore investing routes

Banks have been ordered to step up checks, part of wider efforts to strengthen oversight of cross-border capital flows.

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Hong Kong's skyline Hong Kong regulators have ordered banks to strengthen compliance checks on mainland Chinese customers. Photo: Eugene Lee
Hong Kong's skyline Hong Kong regulators have ordered banks to strengthen compliance checks on mainland Chinese customers. Photo: Eugene Lee
Hong Kong economy

Hong Kong exports surge 43% in April, driven by strong demand for AI electronics

Figure follows earlier five-year high of 35.8% growth in March, but government remains cautious and says Middle East war could cloud outlook.

Hong Kong economy

Merge Hong Kong’s 2 cross-boundary ferry piers to optimise capacity: lawmakers

Such a move could cater to rising demand from luxury yachts, they say, as ferry terminals record 6.5 per cent drop in passenger numbers in 2025.

Hong Kong economy

Hong Kong eyes Central Asian listings as HKEX CEO pitches city’s deep liquidity

Bonnie Chan says city seeks closer collaboration with region ahead of city leader’s high-level trip to Kazakhstan and Uzbekistan in early June.

Astana, Kazakhstan. A high-level delegation led by Chief Executive John Lee will head to Kazakhstan and Uzbekistan in early June. Photo: Reuters
Hong Kong economy

Hong Kong to roll out 2-month LPG subsidy to ease burden on transport firms

LPG subsidy to take effect on Sunday and benefit operators of city’s 20,000 commercial transport vehicles, from taxis to school buses.

Taxis drivers will benefit from the LPG subsidy, which starts on Sunday and ends on July 30. Photo: Sam Tsang
Taxis drivers will benefit from the LPG subsidy, which starts on Sunday and ends on July 30. Photo: Sam Tsang
Hong Kong economy

Top industrialist Sunny Chai picked to head firm developing San Tin Technopole

Chai to step down as science park chairman next month before taking on role at new company steering development of innovation and technology hub.

Hong Kong economy

Lawmakers push for answers on spending for HK$9.96b project with fencing arena

Development chief Doris Ho defends massive project cost, saying government has already pushed for further money-saving measures.

Hong Kong science and tech

How Hong Kong’s first astronaut triggered a space education race

Lai Ka-ying’s selection spurs interest in aerospace and satellite-design courses at centre, as industry leaders call for blueprint.

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Astronaut Lai Ka-ying waves to onlookers earlier this week as she prepares to journey into space. Photo: Reuters
Hong Kong economy

Hong Kong firm that makes medical implants to expand into Central Asia

Koln 3D CEO Edmond Yau says company will expand research in Kazakhstan, explore Uzbekistan and consider setting up factory in the region.

(From left) HKU professor of dentistry Richard Su, associate professor of orthopaedics Christian Fang, Koln 3D CEO Edmond Yau and consultant Yip Pui-pui, showing some of the medical technology firm’s products. Photo: Jonathan Wong
(From left) HKU professor of dentistry Richard Su, associate professor of orthopaedics Christian Fang, Koln 3D CEO Edmond Yau and consultant Yip Pui-pui, showing some of the medical technology firm’s products. Photo: Jonathan Wong
Hong Kong economy

China Mobile plans fresh Central Asia link to Hong Kong submarine cable network

Telecoms giant’s announcement comes ahead of Hong Kong leader John Lee’s first official visit to Kazakhstan and Uzbekistan in early June.

Hong Kong economy

Can Hong Kong airport’s Terminal 2 take off as 11 Skies, rivals pose challenges?

Experts say mixed-use complex must go beyond relying on passenger traffic and appeal to local market by matching offerings of city-centre malls.

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Hong Kong economy

Private equity firm Templewater primed as Hong Kong deepens Central Asia ties

Chairman Cliff Zhang says company positioning itself as ‘superconnector’ to channel Middle East funds into emerging market amid volatility elsewhere.

A view of the presidential palace in Astana, Kazakhstan. Photo: Getty Images
A view of the presidential palace in Astana, Kazakhstan. Photo: Getty Images
Hong Kong society

Hong Kong’s first astronaut has done city proud but now what else is needed?

Steps needed to turn short-term excitement surrounding Lai’s Shenzhou-23 mission into long-term talent pipeline, academic says.

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Hong Kong economy

Game over? Shake-up proposed for Hong Kong internet cafes offering overnight stays

Authorities looking at two pathways to bring internet cafes under regulatory oversight, as some call for rethink to capitalise on esports boom.

Hong Kong transport

Exclusive | Hong Kong airport set for volume shift after flights rejigged amid fuel crisis

Some airlines say they will operate all scheduled flights beyond June after initial consolidation efforts to offset higher jet fuel prices.

According to data from analytics company Cirium, the aviation industry managed disruptions through capacity changes made months in advance rather than opting for last-minute cancellations. Photo: Elson Li
Hong Kong economy

Hong Kong’s Paul Chan urges closer Europe ties, dialogue to work out differences

Finance chief says opportunities exist to tap city’s capital markets, while acknowledging concerns over trade imbalances.

Finance chief Paul Chan (right) holds talks with the European Commission’s Alexandra Jour-Schroeder (second left) in Brussels. Photo: Handout
Finance chief Paul Chan (right) holds talks with the European Commission’s Alexandra Jour-Schroeder (second left) in Brussels. Photo: Handout
Hong Kong transport

What to eat and buy at Hong Kong airport’s revamped Terminal 2

Passengers and visitors will find 25 shopping and dining options, including McDonald’s, Nap Tea and Imperial Patisserie.

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Hong Kong property

Hong Kong to see more mainland Chinese brands enter retail market, analysts say

In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland brands, according to JLL.

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Hong Kong

Is Hong Kong following Beijing’s lead and ousting Western tech?

A task force is implementing domestic technology in the mainland Chinese public sector, while Hong Kong has no official related policy.

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A Microsoft logo is seen in Los Angeles, California. Photo: Reuters
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