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Hong Kong Economy

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K-pop girl group Twice will perform in Hong Kong on Saturday and Sunday. Photo: Twice
Hong Kong society

K-pop girl group Twice to proceed with Hong Kong concert this weekend

Concert organiser Live Nation says it will donate part of revenue from ticket sales to support relief measures for victims of Tai Po blaze.

Hong Kong property

Hang Seng Bank co-founder’s kin pays US$9.3 million for Hong Kong luxury flat

Hong Kong property

HSBC to occupy over 40,000 sq ft at Hong Kong’s Capitol Centre in 2026

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Banking & finance

Hong Kong’s investment body posts US$300 million income in first year

Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.

Hong Kong property

Ex-banker sells Deep Water Bay home, then signs a lease at The Peak

Sany non-executive director Lawrence Lam signed a HK$525,000-a-month lease on The Peak, underscoring a growing appetite for top-tier rents.

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Hong Kong economy

Hong Kong travel agency probed for revealing closure day before it folded

M&F Lucky Holiday, which owes 1,500 customers about HK$1.7 million for cancelled tours, could be in breach of Travel Industry Ordinance.

A screenshot of website of M&F Lucky Holiday. Licensed travel agencies are required to provide notice of their intention to close at least 14 days in advance. Photo: Handout
A screenshot of website of M&F Lucky Holiday. Licensed travel agencies are required to provide notice of their intention to close at least 14 days in advance. Photo: Handout
Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

Hong Kong property

Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Soft sentiment and stalled launches are expected to drag December property transactions to their lowest since August.

Hong Kong society

On This Day | Hong Kong’s Mandatory Provident Fund launches in 2000 – from the SCMP archive

On this day 25 years ago, Hong Kong implemented its Mandatory Provident Fund scheme, requiring employees and employers to make monthly contributions.

Hong Kong’s MPF scheme was implemented on December 1, 2000. Photo: Eugene Lee
Hong Kong property

Hong Kong’s prime office market poised for better year ahead, analysts say

The supply of new grade A office space in 2026 and 2027 is likely to be less than new prime office space completed in the last two years.

Office buildings tower over a pedestrian bridge in Hong Kong’s financial district of Central on June 11, 2020. Photo: Dickson Lee
Office buildings tower over a pedestrian bridge in Hong Kong’s financial district of Central on June 11, 2020. Photo: Dickson Lee
Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Hong Kong property

Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

Emperor secures bank approval while Lai Sun negotiates asset sales as they work to ease debt pressures.

Bonds

Hong Kong dollar bonds to continue surge after record US$42 billion year

City’s deep, liquid market and low inflation attract issuers amid a structural shift away from the US dollar, analysts say.

A view of Central and Victoria Harbour on November 26, 2024. Photo: AFP
Hong Kong’s Tai Po fire tragedy

Hong Kong developers, hoteliers offer free lodging to Tai Po fire victims

Regal Hotels, Sun Hung Kai Properties, Sino Group and Langham Hospitality provide free lodging, other support.

The Regal Riverside Hotel in Sha Tin, a property in the portfolio of Regal Hotels International, on January 14, 2013. Photo: Handout
The Regal Riverside Hotel in Sha Tin, a property in the portfolio of Regal Hotels International, on January 14, 2013. Photo: Handout
Hong Kong economy

Hong Kong’s finance chief seeks to attract Italian company listings on HKEX

Financial Secretary Paul Chan touted bilateral trade ties and a shared passion for creativity in his speech to the Trade Development Council.

Hong Kong property

Hong Kong developers Sino Group, NWD delay flat sales amid Tai Po fire grief

Developers defer sales of a total of 213 units in Yau Tong and Yau Ma Tei scheduled for Friday.

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Hong Kong property

‘No acne’ salon boss snaps up US$19.58 million Ho Man Tin luxury duplex

The director behind Hong Kong’s “no acne” salon has bought into the Ultima development, putting a fresh face on the city’s luxury market.

The Ultima complex on Fat Kwong Street in Ho Man Tin. Photo: Handout
The Ultima complex on Fat Kwong Street in Ho Man Tin. Photo: Handout
Artificial intelligence

Hong Kong’s HKChat raises AI expectations as 90,000 users join app in debut week

HKChat tops free app ranking on Apple’s Hong Kong App Store on Sunday.

Hong Kong economy

Hong Kong’s beloved Ding How noodle brand to cease operations after 57 years

Hongkongers bid fond farewell to Kam Yuen Food Company’s instant noodles, a staple in cha chaan tengs across the city.

Banking & finance

Hong Kong retail funds hit record pace, surpass 2024 full-year total

Gross sales reach US$82.6 billion in the first three quarters as investors pile into fixed-income funds: HKIFA.

There is renewed investor confidence in Hong Kong’s retail fund market, analysts say. Photo: Dickson Lee
Hong Kong economy

Revolut plans set-up in Hong Kong as Paul Chan touts city’s strengths in UK

Financial secretary calls on UK enterprises and professionals to seize opportunities in Hong Kong’s burgeoning finance and I&T sectors.

Hong Kong’s finance chief Paul Chan delivers a keynote speech at a dinner hosted by the Hong Kong Trade Development Council in London. Photo: Handout
Hong Kong’s finance chief Paul Chan delivers a keynote speech at a dinner hosted by the Hong Kong Trade Development Council in London. Photo: Handout
Hong Kong property

‘Out of ICU’: Hong Kong’s quarterly real estate deals triple to US$4.9 billion

Hong Kong was the second-best performing commercial real estate market in Asia-Pacific after Malaysia in the three months to September: MSCI.

Hong Kong Monetary Authority (HKMA)

Hong Kong pushes local currency use to shield Asia from global uncertainties

HKMA’s Eddie Yue calls for deeper regional financial integration amid tariff shocks, disrupted supply chains and market volatility.

Hong Kong economy

Hong Kong exports grow 17.5% in October as trade policy uncertainties ease

Value of goods exported from Hong Kong in October stood at HK$461.8 billion.

Hong Kong’s real GDP growth estimate for the year has been revised upwards to 3.2 per cent. Photo: Eugene Lee
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