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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.
last updated:
15 October, 2024
Lin Heung Lau, a 100-year-old resturant in Central, Hong Kong, has kept the traditions of handwritten wall menus and dim sum trolleys. Photo: Alexander Mak
Hong Kong

Opinion | True Hong Kong service won’t be found in an order-it-yourself app

From QR codes to place an order in restaurants to self-service checkouts, cold tech is taking away the warmth of proper service.

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Banking & finance

Hong Kong employers seek more relationship managers and data analysts next year

Shenzhen

Christmas on the mainland? Hongkongers opt for festive fun across the border

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Low-altitude economy

Hong Kong’s low-altitude economy plans to focus on smaller-drone services first

Authorities say initial phase of Low-altitude Economy Regulatory Sandbox will centre on emergency and rescue, inspection, delivery and surveillance.

A drone hovers over the harbour at Hong Kong’s Causeway Bay. Photo: Martin Chan
Hong Kong

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

With venture capital and IPO growth weak globally, start-ups should aggressively seek international commercialisation, leverage marketing strategies and connect with power players overseas.

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Hong Kong

Hong Kong malls report up to 50% more footfall over festive season so far

Bump of 15 per cent in sales projected at some shopping centres, aided by revived multiple-entry visa scheme for Shenzhen residents.

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Hong Kong property

Shimao slashes Hong Kong hotel price by 25% to speed up restructuring

Mainland Chinese developer is asking HK$4.5 billion (US$579 million) for the asset, down from HK$6 billion in March 2023, according to a source.

Sheraton and Four Points by Sheraton Tung Chung, with more than 1,200 rooms, is the second-largest hotel complex in the city by room inventory. Photo: Handout
Hong Kong

Hong Kong restaurants expect Christmas boom thanks to Shenzhen visa change

A 10 per cent year-on-year bump in business is expected over the holiday as many restaurants are fully booked.

Hong Kong

Hong Kong launches facial recognition tech for entry to street in border town

Chung Ying Street is inside restricted border town, with revamped checkpoint aimed at speeding up clearance for workers and residents.

Hong Kong gears up for Christmas as 1.1 million residents head out of city

Between Saturday and Monday at 4pm, 2.07 million people left Hong Kong while 1.26 million entered the city, a net outflow of around 800,000.

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Tourism Board’s WinterFest event at West Kowloon Cultural District. Photo: Dickson Lee
Crime in Hong Kong

Hong Kong tutoring centre owner slapped with 240 hours of community service

Court orders director of Brilliant Education to compensate eight parents who paid fees for programmes shortly before business’ abrupt closure.

Brilliant Education, which operated five centres in Kornhill, Chai Wan, Shau Kei Wan, Ho Man Tin and Siu Sai Wan, shut down in July. Photo: Dickson Lee
Hong Kong society

Hong Kong cardinal urges empathy over revenge in Christmas message

City’s top Catholic priest Stephen Chow says renewed hope needed despite Hong Kong’s sluggish economy and rise in mental health cases.

Shenzhen

Hongkongers find lure of Greater Bay Area’s attractions hard to resist: survey

Hong Kong residents are flocking to the Greater Bay Area for shopping, hot springs and more, attracted by cheaper prices and new experiences.

Hong Kong culture

Beijing-Paris ties on display in Hong Kong show of silk, porcelain and diplomacy

Versailles and Forbidden City joint exhibition a sign of past exchanges and possible future strengthening of ties, experts say.

A vase with lion head handles on display at the Hong Kong Palace Museum. Photo: Sam Tsang
Tourism

Long-haul flights to cost Hongkongers more this Christmas, travel firms say

Economy-class fares to cities such as London, New York, Sydney and Vancouver will cost more compared with last year, travel agents say.

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A Cathay Pacific spokesman says its fares on short-haul routes are back to normal levels while those for most of its long-haul routes are down by more than 20 per cent year on year. Photo: Dickson Lee
Hong Kong

Hong Kong travellers brace for possible disruptions as strong winds hit UK

London’s Heathrow airport axed about 100 flights on Sunday because of persistently strong winds.

Hong Kong tourism

‘Christmas vibe’ lures tourists to Hong Kong but more residents heading off

13 million passenger trips will be recorded at Hong Kong checkpoints over the Christmas and New Year period, the Immigration Department estimates.

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Hong Kong transport

Hong Kong may drop plan to use hydrogen-powered light rail trains: lawmakers

MTR Corp faces double whammy of restrictive safety rules and need to adapt light rail platforms, pair of lawmakers say.

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The hydrogen-powered train used in a test run. Photo: Handout
Hong Kong

Hong Kong’s Northern Metropolis MOU a ‘general expression’ of support: minister

Bernadette Linn says non-binding deal to support megaproject does not require commitments for formal tenders.

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Hong Kong environmental issues

Exclusive | Rapid test to give Hong Kong officials new weapon to fight shark fin trade

PCR-based method to allow law enforcement to identify shark species in hours as opposed to previous DNA tests that took days, UN official and local authorities say.

Hong Kong culture

Opinion | Hong Kong’s new culture push will fail without fixing old problems

Expectations are high. Addressing the lack of appropriately sized venues is essential to realising city’s hopes of becoming an arts and culture hub.

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Exterior of the East Kowloon Cultural Centre in Kowloon Bay on October 12. Photo: Edmond So
Macau

Xi’s vision for Macau, Hong Kong boon to confidence amid geopolitics: Paul Chan

Hong Kong’s finance chief says president’s speech at inauguration of new Macau administration sums up ‘one country, two systems’.

President Xi Jinping and Macau Chief Executive Sam Hou-fai at the inauguration ceremony held earlier this week. Photo: Eugene Lee
Hong Kong

From pandas to postboxes: hotspots for selfies in Hong Kong over Christmas

The city offers vibrant locations for shopping, strolling and taking pictures over the holiday season, with new features from previous years.

Crowds throng at busy Hong Kong airport as residents depart for holidays

Passengers arrive early to avoid rush, but waiting time between security checks and departure gates still long, at around two hours.

Hong Kong

Hong Kong travellers opt for short-haul holiday season deals in snowy locales

Agencies report 30 per cent jump in bookings for Christmas and New Year tours, but demand for long-haul trips remains poor.

Visitors in traditional dresses on the grounds of Gyeongbokgung Palace amid heavy snowfall in Seoul in late November. Photo: AFP
Greater Bay Area

Opinion | Reform the only answer to securing Hong Kong’s prosperous future

City must put its past successes behind it and focus on structural changes to facilitate healthy government intervention, mainland integration and AI development.

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Initiatives such as the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, pictured here, represent a more prosperous and integrated future for Hong Kong and the Greater Bay Area. Photo: Dickson Lee
Hong Kong’s pandas

Hong Kong public may get to see panda cubs in February, Ocean Park boss says

Ocean Park chairman Paulo Pong says he hopes the twins can be introduced to everyone after Lunar New Year.

Hong Kong

Celebrate Christmas and New Year in Hong Kong: 7 things to do in the city

The Post explores what the city has more to offer beyond wining and dining this festive season.

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