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Hong Kong Economy

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Hongkongers head to work in Central. Photo: Jonathan Wong
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.

Hong Kong economy

Unmanned electric aircraft makes maiden flight in Hong Kong

Hong Kong culture

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

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.

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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
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 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.

HK Electric, which supplies electricity mainly to Hong Kong Island and Lamma Island, said that its fuel clause charge would rise to 60.7 Hong Kong cents per kWh in September. Photo: Sam Tsang
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
Residential property advertisements at a real estate agency in Jordan. Photo: Jelly Tse
Hong Kong economy

Mainland Chinese firms hold the key to Northern Metropolis success, analysts say

Analysts stress that future tenders will require greater flexibility and longer bidding windows to encourage more competition.

Hong Kong economy

JD.com boosts Northern Metropolis logistics hub, but hurdles loom: experts

Mainland Chinese e-commerce giant is part of a consortium that won the first ‘large-scale land disposal’ project in the Northern Metropolis.

Hong Kong tourism

Hong Kong jewellery shop hit with 30-day tour group ban over coerced sales

Kaiser Jewellery International barred from receiving any inbound tour group visitors from Wednesday until September 24.

A group of mainland tourists wearing matching pink shirts and red caps gather along the Tsim Sha Tsui promenade in June. Photo: Jelly Tse
Hong Kong economy

Hong Kong exports jump 50.7% in July, driven by growth in AI-related electronics

Government expects robust demand to continue supporting trade development despite geopolitical risks.

Exports surged by 53.4 per cent year on year to a record HK$641.1 billion in June. Photo: Eugene Lee
Exports surged by 53.4 per cent year on year to a record HK$641.1 billion in June. Photo: Eugene Lee
Hong Kong economy

Chinese tech, pharma firms eye Hong Kong as springboard for global expansion

Industry leaders highlight city’s international reach and expertise as state-owned drug maker considers Northern Metropolis project investment.

Hong Kong property

Education group secures 36,400 sq ft Hung Hom tower for purpose-built campus

The tenant operates top-tier non-tertiary schools in mainland China and is listed on the Hong Kong stock exchange.

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Hong Kong economy

John Lee urges start-ups to seize opportunities through ‘gateway’ of Hong Kong

City leader makes familiar pitch to attendees at summit, citing Hong Kong’s ability to help global firms enter mainland China and vice versa.

Chief Executive John Lee speaking at the inaugural Global Unicorn Summit, held at the Hong Kong Convention and Exhibition Centre in Wan Chai on Monday. Photo: Handout
Chief Executive John Lee speaking at the inaugural Global Unicorn Summit, held at the Hong Kong Convention and Exhibition Centre in Wan Chai on Monday. Photo: Handout
Hong Kong property

How much of an impact will retiring expats have on Hong Kong’s luxury property?

Wealthy expats increasingly choose Hong Kong as retirement base, lured by its low-tax regime and international connectivity, analysts say.

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Hong Kong economy

Hong Kong to launch AI training for workers in November with big tech firms

Finance chief warns frontier tech will challenge the job market, urging faster action to equip young people with AI skills and workplace opportunities.

Hong Kong tourism

Untapped market: Hong Kong’s craft breweries push for permits to serve guests

Brewers in industrial buildings say licensing rules prevent them from hosting tours and walk-in customers, missing out on tourist revenue.

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Luke Yardley, founder of local beer brewery Yardley Brothers. Photo: Sun Yeung
Hong Kong economy

Beyblade battles drive up sales at Hong Kong malls, but will the trend last?

Struggling to attract patrons, shopping centres are embracing resurgent popularity of Japanese toy, drawing fans who stay and spend – at least for now.

A staff member engages in a Beyblade battle with a child at the Lukfook Jewellery outlet in Tuen Mun Town Plaza. Photo: Elson Li
A staff member engages in a Beyblade battle with a child at the Lukfook Jewellery outlet in Tuen Mun Town Plaza. Photo: Elson Li
Hong Kong economy

Embrace AI to boost competitiveness, Paul Chan says at tech festival opening

Finance chief says the technology will open doors for careers at event showcasing humanoid robots, 3D printers and AI experience zones.

Crime in Hong Kong

Opatra London and Hong Kong distributor suspend local operations after arrests

Beauty product company stresses local retailer functions independently after managers arrested over allegations of aggressive sales tactics.

Hong Kong society

Hong Kong beauty sector faces new claims of hard-sell tactics and abuse

Legal experts warn aggressive sales tactics may breach Trade Descriptions Ordinance prohibiting harassment, coercion and misleading claims.

The Mineral Boutique has at least five branches in major shopping centres, including one at Festival Walk. Photo: Dickson Lee
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