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Hong Kong Economy

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Hong Kong housing
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Fans of Inter Milan celebrate during the Hong Kong Football Festival friendly match against Manchester City at Kai Tak Stadium on August 1. Photo: Elson Li
Hong Kong economy

Mega-events drive HK$5.8 billion spending in first half of year, Paul Chan says

Finance chief says more than 1.75 million people attended over 130 events from January to June, calling Hong Kong ‘an event capital’ rich in culture, arts and sports.

Hong Kong economy

Hong Kong employer groups call for helper wage freeze, warn of mass sackings

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Hong Kong economy

Hong Kong commerce chief to lead joint local and mainland delegation to Malaysia

Hong Kong economy

Hong Kong tourism sector urges action with visitor spending 44% below 2018 level

Lawmaker Perry Yiu calls for more events and cross-border cooperation as visitor spending falls from HK$353b in 2018 to HK$197.5b last year.

Visitor spending in Hong Kong remains 44 per cent below its 2018 level, prompting calls for more events and cross-border tourism cooperation. Photo: Sun Yeung
Visitor spending in Hong Kong remains 44 per cent below its 2018 level, prompting calls for more events and cross-border tourism cooperation. Photo: Sun Yeung
Hong Kong science and tech

In Focus | Hong Kong aims to be a global tech hub, but can it hold on to its young talent?

An increasingly risk-averse culture and a lack of early-stage support may push young start-up founders to look overseas, critics warn.

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Hong Kong economy

CLP posts HK$5.73 billion underlying profit in first half of 2026

Chairman Michael Kadoorie says company will invest to strengthen electricity supply in Northern Metropolis megaproject.

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Hong Kong economy

How a Hong Kong luxury estate saved HK$1b in renovation cost with tech solutions

Ex-CEO of AsiaWorld-Expo Allen Ha says ‘homegevity’ model of targeted, consistent repairs can spare homeowners major renovation work.

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Residence Bel-Air. Photo: Handout
Residence Bel-Air. Photo: Handout
Hong Kong economy

Hong Kong urged to be ‘super partner’ in businesses’ overseas expansion push

Chinese General Chamber of Commerce chief Jonathan Choi says city should invest and operate abroad, while urging annual review of first five-year plan.

Hong Kong economy

Food Expo vendors hoping for tasty profits with items such as caviar sake gelato

Abalone for HK$1, handcrafted caviar mooncakes and discounted coffee and milk tea packs among products at next week’s Food Expo.

Hong Kong economy

Hong Kong ship crews stranded in Strait of Hormuz ‘safe and offered counselling’

Industry representative says the stranded crew face little immediate safety risk, though months at sea have affected them mentally and physically.

As of July, about 6,000 seafarers were stranded in the Strait of Hormuz. Photo: Reuters
Hong Kong economy

Peter Lee’s family office signs Kazakhstan deal on green energy projects

Agreement covers sustainable aviation fuel, smart energy and storage projects, with Kazakh authorities to help identify sites, partners and regulatory approvals.

Peter Lee (left) with Kazakh Prime Minister Olzhas Bektenov. Photo: Handout
Peter Lee (left) with Kazakh Prime Minister Olzhas Bektenov. Photo: Handout
Hong Kong economy

Cathay Pacific posts 71% profit rise to HK$6.24 billion in first half of year

Numbers driven by stronger demand, but Hong Kong flag carrier warns of headwinds caused by escalating Middle East conflict.

Hong Kong economy

Up to 80 Hong Kong-linked ships stuck around Strait of Hormuz, trade group says

Hong Kong Shipowners Association urges industry members to be careful, citing ‘very low’ predictability of United States and Iran.

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Hong Kong economy

Hong Kong retail sales rise 4.6% in June as growth streak extends to 14 months

Continued economic expansion, rising incomes and a steady increase in inbound visitors are expected to provide support to the sector.

People shop at a sportswear store. Hong Kong’s economy grew by 5.1 per cent in the first half of the year. Photo: Elson Li
Hong Kong economy

Hong Kong, CSRC deepen financial ties ahead of first yuan bond futures launch

Chief Executive John Lee meets China Securities Regulatory Commission chairman Wu Qing to exchange views on deepening mutual access between markets.

Chief Executive John Lee (right) meets the chairman of the China Securities Regulatory Commission, Wu Qing, at Government House. Photo: ISDA
Chief Executive John Lee (right) meets the chairman of the China Securities Regulatory Commission, Wu Qing, at Government House. Photo: ISDA
Hong Kong economy

Spend HK$10,000 a month on your pets? Why not, say cat lovers at Hong Kong expo

From premium cat food to AI meow translators, final day of annual expo draws thousands with purr-chasing power.

Hong Kong economy

Rains fail to deter Chiikawa fans and big spenders after roundabout cancellation

Chiikawa Artiverse, organised by local design studio, AllRightsReserved, is in its second year and will run until September 6.

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Hong Kong economy

Mainland transit gives Hongkongers option for Europe trips amid Middle East war

Industry leaders expect more Hongkongers to choose Europe via mainland transit, but warn cheaper fares may be offset by higher fuel charges.

An Air China plane at Beijing Capital Airport. Photo: AFP
An Air China plane at Beijing Capital Airport. Photo: AFP
Hong Kong economy

Kowloon Walled City action film sequel’s gritty, nostalgic set draws residents

Production for sequel to 2024 blockbuster coincides with Hong Kong authorities’ recent bid to convert film sets and props into tourist attractions.

Hong Kong economy

Exclusive | Rosewood Hotel Group to press on with clubhouse takeover as opposition escalates

A group of HKGTA patrons has written to the Legco Secretariat to oppose change of Town Club operator after filing complaints with authorities.

Hong Kong economy

CUHK earmarks Pak Shek Kok site for new medical building and 10th college

CUHK president Dennis Lo says new site gives room to expand while warning that high housing costs remain a drag on city’s research sector.

Pak Shek Kok will house CUHK’s new medical building and its 10th constituent college. Photo: Jelly Tse
Hong Kong economy

Hong Kong to raise annual GDP forecast after robust growth in first half of 2026

Experts predict gross domestic product for the whole year could easily hit 4 per cent.

Hong Kong's stock exchange building in Central. Photo: Jelly Tse
Hong Kong's stock exchange building in Central. Photo: Jelly Tse
Hong Kong economy

Patrolling robot damaged after falling down staircase at Hong Kong airport

Hong Kong authorities investigating after accident during trial run on Saturday.

Hong Kong economy

Hong Kong leader to hold town hall on Sunday to gather views on twin blueprints

While leader has held public session for policy address in previous years, Tuen Mun meeting is first face-to-face exchange with residents over five-year plan.

Hong Kong transport

New Huanggang checkpoint to undergo major stress tests with 10,000 participants

Drills part of over 100 exercises to be conducted in coming months to ensure smooth and safe operations, security chief Chris Tang says.

The interior of the new Huanggang Port at Shenzhen’s Futian district. Photo: Karma Lo
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