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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Hong Kong stock exchange
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Bouquets on display at the Flower Market in Mong Kok. Photo: Dickson Lee
Hong Kong economy

Flower sales in Hong Kong bloom as Valentine’s Day shoppers splash out on gifts

Some vendors at Mong Kok Flower Market say sales up 20 per cent as shoppers pack area.

Hong Kong tourism

Savvy Hongkongers book 9-day Lunar New Year break for festive trips across Asia

Hong Kong economy

Hong Kong’s West Kowloon arts hub secures HK$3 billion, 10-year loan facility

Hong Kong property

Prince Jewellery director sells upscale Hong Kong flat, upgrades to duplex

Tang Yick-ki swaps his 1,019 sq ft flat in The Cullinan for a 1,593 sq ft duplex in The Waterfront.

The Cullinan in West Kowloon pictured in March 2015. Photo: SCMP
The Cullinan in West Kowloon pictured in March 2015. Photo: SCMP
Hong Kong economy

Hong Kong diners bid farewell to 80-year-old Honolulu Coffee Shop in Wan Chai

Dozens pack cha chaan teng known for its egg tarts and milk tea ahead of March 1 closure.

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Hong Kong tourism

How Hongkongers are using a longer Lunar New Year break for travel

South Korea and Japan also popular as some residents make the most of break by taking two days of leave to enjoy nine consecutive days off.

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Hong Kong economy

West Kowloon arts hub seeks US$1 billion in first bond sale to fund operations

Loss-making authority edges closer to bond offering to help sustain operations amid continuing deficits.

The authority that manages Hong Kong’s West Kowloon arts hub is preparing to offer bonds for the first time. Photo: Sam Tsang
The authority that manages Hong Kong’s West Kowloon arts hub is preparing to offer bonds for the first time. Photo: Sam Tsang
Hong Kong economy

John Lee vows ‘systematic framework’ to align Hong Kong with nation’s blueprint

In a social media post, chief executive says all officials must have ‘reform mindset’ to ensure Hong Kong’s five-year plan proceeds towards its goals.

Hong Kong economy

Bookings up but bottom lines flat for Hong Kong reunion dinners

Seafood chain says bookings for reunion dinners have risen 10 per cent but overall year-on-year earnings for Lunar New Year period could ‘just about balance out’.

Banking & finance

Hong Kong banks’ profit growth slows amid rising bad debt, slim margins

Profit growth slows to 7.3 per cent from 8.4 per cent a year earlier as bad loans exceed two-decade average, HKMA says.

The headquarters of Standard Chartered Bank and HSBC are seen in Central on March 23, 2025. Photo: Eugene Lee
Hong Kong property

Hong Kong tycoon Joseph Lau’s kin sell Mid-Levels flat for US$12.8 million

Entity controlled by Lau’s eldest son Lau Ming-wai and former partner Yvonne Lui turns profit on deal amid firming prices in luxury segment.

The seller of the flat in The Albany in Mid-Levels made a 66 per cent gain on the property. Photo: Google
The seller of the flat in The Albany in Mid-Levels made a 66 per cent gain on the property. Photo: Google
Hong Kong economy

Hong Kong braces for 11.38 million trips during Lunar New Year travel rush

Projected figure marks 16 per cent increase from last year, according to Immigration Department.

Hong Kong economy

Vendors upbeat despite rent rises as crowds flock to Lunar New Year fair

From flowers to fai chun, crowds return in force to Victoria Park on the fair’s opening day as the Year of the Horse approaches.

Hong Kong economy

Hollywood stars to headline Hong Kong’s first Comic Con

Mads Mikkelsen, Giancarlo Esposito and Christopher Lloyd lined up for Hong Kong Comic Con 2026 to be held from May 29 to 31.

Cosplayers at the Tokyo Comic Con 2025, which was held in December. Photo: EPA
Hong Kong tourism

‘Brilliant’ retail and dining revenue gives Hong Kong’s Ngong Ping 360 boost

Operator will introduce cable car night rides for the first time to headline its 20th anniversary celebrations.

Passengers enjoy a ride on the Ngong Ping 360 cable car. Photo: Elson Li
Passengers enjoy a ride on the Ngong Ping 360 cable car. Photo: Elson Li
Hong Kong property

Hong Kong land fetches US$230 million as Chinese developer outbids city rivals

China Overseas Land & Investment beats eight rivals to secure a 50-year lease for a 33,712 sq ft housing plot in Ngau Tau Kok.

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Family offices

Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility.

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Hong Kong politics

Ports row prompts Hong Kong investors to reassess stakes in Panama: John Lee

City leader also says Hong Kong government fully supports Beijing’s intention to safeguard rights of Chinese enterprises.

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The Port of Balboa in Panama. Photo: AFP
The Port of Balboa in Panama. Photo: AFP
Hong Kong economy

Hong Kong stepping up as global arbitration hub, deputy justice secretary says

Horace Cheung also confident of city’s investment prospects, while the Indonesian Law Policy Strategy Agency’s Andry Indrady cites Singapore’s strengths.

Banking & finance

Mainland China’s investors pour into Hong Kong-listed drug stocks

An index tracking Stock Connect buying of 40 mainland drug firms gains 9 per cent in a week as China’s industry heft grows.

Hong Kong property

How Hong Kong’s headquarters economy fuels rebound in commercial property

The headquarters economy is powering office and retail recovery, with rising demand, stabilising rents and renewed investor confidence.

The city’s office market showed signs of stability in 2025. Photo: SCMP
Hong Kong economy

Hong Kong ‘will deepen technology, industry links under nation’s blueprint’

Finance chief Paul Chan says Hong Kong must make better use of strengths as global financial hub to speed up industrial development.

Financial Secretary Paul Chan speaks at an exchange session at the Legislative Council on February 4. Photo: Facebook/Paul Chan
Financial Secretary Paul Chan speaks at an exchange session at the Legislative Council on February 4. Photo: Facebook/Paul Chan
Hong Kong economy

Alo Yoga takes over waterfront store space in Hong Kong as its Asia play heats up

Company moves into 7,000 sq ft, two-storey space at K11 Musea in latest example of success of ‘experience-led’ brands.

Hong Kong economy

Hong Kong summons Panama envoy over court ruling on CK Hutchison ports concession

Commerce minister Algernon Yau says Panama ruling to strip Li Ka-shing firm’s subsidiary of canal port rights ‘undermines’ trade rules.

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Hong Kong economy

Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash

Dozens seen queuing at cryptocurrency shops at Admiralty Centre to buy bitcoin after price fell by more than half from its peak.

People visit a cryptocurrency shop in Admiralty. Photo: Edmond So
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