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Hong Kong economy

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Hong Kong economy
Breaking news and analysis on Hong Kong's economy and the companies that operate in the city, including its GDP, economic outlook, impact of the coronavirus outbreak, macroeconomic indicators, the local government finance and budget, retail sales, consumption, employment and monetary policy.
Lavitt Ko and Theo Ko are revitalising their family cha chaan teng in Tai Wai with milk tea raves and beatbox parties. Photo: Sam Tsang
Food and Drinks

From milk tea raves to night tea: how Hong Kong restaurants fight to survive

As the city’s Cantonese restaurants vanish at a rate of nearly one a week, a new generation of chefs and restaurateurs asks what can be saved – and what must change.

Golden week

Editorial | Hong Kong businesses must stay agile to attract tourists

Hong Kong property

Retail properties offloaded for losses in weak market amid revaluations

Hong Kong

Northern Metropolis supply will not hit office sector, development chief says

Incoming supply in the megaproject is primarily for the I&T sector, Bernadette Linn tells lawmakers.

Construction progresses at a site in the Lok Ma Chau Loop. Photo: Silvia Siu
Secretary for Development Bernadette Linn. Photo: Silvia Siu
Golden week

Mainland arrivals beat last year’s ‘golden week’ figures despite shorter holiday

Arrivals topped 1.41 million over the seven-day holiday, as malls and hotels reported brisk trade.

Hong Kong property

Hong Kong banks grow cautious on One Stanley mortgages amid investigation

Banks are taking a cautious approach to mortgages related to the luxury Hong Kong development, which faces building defect allegations.

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Hong Kong society

24 luxury houses at One Stanley sold amid probe into alleged construction defects

Experts call for stronger homebuyer protections in Hong Kong, including mandatory period during which purchase contracts can be rescinded.

One Stanley comprises 32 detached houses and 11 low-rise blocks containing 50 flats in total. Photo: Elson Li
One Stanley is at No 128 Wong Ma Kok Road. Photo: Elson Li
Hong Kong

Hong Kong and Indonesia can deepen green finance ties, Jakarta envoy says

Special envoy Mari Elka Pangestu also says city’s common law expertise and financial services can support country’s push to attract family offices.

Hong Kong

Hong Kong’s Wine and Dine Festival to feature extended hours, 10% more booths

Tourism board to roll out ‘Hong Kong Gourmet Month’ after four-day festival from October 29 to November 1.

Mainland China

Hong Kong’s third-quarter GDP grows, but external risks persist: Paul Chan

Finance chief says economy supported by strong exports and tourism traffic, as lawmakers debate city’s five-year plan and policy address.

Paul Chan expressed confidence in Hong Kong’s growth outlook but warned of external risks during during a Legislative Council debate on the city’s first five-year plan and annual policy address.
Hong Kong transport

Travellers must use authorised buses, taxis at Huanggang Port, authorities say

Residents must use licensed taxi fleets as other ride-hailing services will not be available inside boundary control area.

The buffer area for urban and New Territories taxis waiting to pick up passengers at the Huanggang Port. Photo: Handout
Mandatory Provident Fund (MPF)

Hong Kong MPF members have made HK$20,000 this year despite September loss

MPF members made gains of over HK$20,000 on average in the first nine months of 2026, despite losing HK$5,000 in September, report finds.

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West Kowloon Cultural District

Land sales offer only temporary relief for West Kowloon arts hub, experts warn

Property development cannot replace a sustainable long-term funding model for the West Kowloon Cultural District, experts say.

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Hong Kong

Editorial | 3 years on, Hong Kong’s investment body has proved its worth

As HKIC helps the city show that ‘effective market’ and ‘capable government’ can coexist, it must also improve transparency.

Clara Chan, CEO of Hong Kong Investment Corporation, at the International Forum for Patient Capital, at the Regent Hong Kong on May 22, 2025. Chan has been reappointed for a second three-year term. Photo: Jonathan Wong
Hong Kong culture

Broadway Cinematheque at 30: celebrating Hong Kong’s best art house cinema

Opened in 1996 in Yau Ma Tei, Broadway Cinematheque continues to defy the streaming era with independent classics and fresh local voices.

(L) Director of Broadway Cinematheque, Didi WU and (R) programmer CHENG Yu-shing pose for pictures at Broadway Cinematheque during the interview. 30SEP26 SCMP / Elson Li
Hong Kong society

Registration on both sides of border needed for Huanggang ‘joint clearance’

Around 100,000 travellers a day are expected to use the revamped crossing when operations begin.

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Singapore

Hong Kong remains world’s freest economy as Switzerland overtakes Singapore

Annual Economic Freedom of the World report compiled by Canada’s Fraser Institute ranks city first among 165 jurisdictions.

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Hong Kong

West Kowloon arts hub deficit widens to HK$998 million as operating costs rise

‘We will have more revenue in the coming months such as from the upfront fees from the tender of the residential project,’ authority CEO Betty Fung says.

Visitors view artefacts at the Hong Kong Palace Museum’s “Ancient Egypt Unveiled: Treasures from Egyptian Museums” exhibition in West Kowloon on its final day. Photo: Karma Lo
Sincere Co

Video | Sincere to close 126-year-old Central department store

Hong Kong’s oldest Chinese-owned department store looking for new venue after lease renewal fails.

Hong Kong politics

John Lee urges public to tune in to Legco debate on city’s 5-year plan

Hong Kong legislature set to discuss concept and details of city’s first five-year blueprint and latest policy address from Wednesday to Friday.

Gold in Hong Kong

Opinion | Hong Kong’s bridge of gold completes China’s yuan ambition

With Shanghai pricing the contracts and Hong Kong handling offshore vaulting, Beijing is building a gold-backed route to currency internationalisation.

Illustration: Lau Ka-kuen
Hong Kong society

Experts urge wider One Stanley checks, tighter paperwork after steel bar issue

One house in luxury development reportedly found to have up to 75 per cent fewer steel bars than specified in the approved building plans.

One Stanley comprises 32 detached houses and 11 low-rise blocks containing 50 flats in total. Photo: Elson Li
Hong Kong housing

Abuse concerns over bid to turn subsidised Hong Kong flats into subdivided homes

Home Ownership Scheme flats are deemed a form of social welfare and should not be used for profiteering, lawmaker says.

Retailing

Sincere to close Central department store after 126 years as lease expires

Hong Kong’s oldest Chinese-owned department store seeks new premises after failing to renew lease, leaving just one location in Mong Kok.

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United States

8 more firms from Belt and Road Initiative countries apply for IPOs in Hong Kong

Trade promotion chief Frederick Ma says interest in Hong Kong’s capital markets has surged in Central Asia since official delegation visited region in June.

Hong Kong Trade Development Council chairman Frederick Ma says eight more companies from Belt and Road Initiative countries have applied to list in the city. Photo: Nora Tam
Hong Kong science and tech

Hong Kong outlines 4-step AI talent plan to help graduates navigate job market

Permanent Secretary Kevin Choi says government aims to boost digital literacy at ‘population scale’, viewing AI as catalyst rather than threat.

A busy crossing in Causeway Bay. "We are building a comprehensive ‘talent ladder’ to take emerging professionals from foundational literacy to industry leadership,” senior official Photo: Karma Lo
Belt and Road Initiative

Letters | Tanzania could offer test of Hong Kong’s belt and road ambitions

Readers discuss the city’s role as a connector between capital and Belt and Road Initiative markets, the proliferation of online scams, and payment in renminbi.

Hong Kong housing

Is Hong Kong’s drive to eliminate substandard housing doing more harm than good?

Advocacy group warns that some subdivided flat tenants are struggling to resettle and are becoming worse off under the new housing regime.

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