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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.
The TDC had earlier forecast exports to grow by 8 to 9 per cent in 2026. Photo: Elson Li
Japan

Hong Kong exporter confidence falls at steepest rate in 2 years

Trade Development Council says for first quarter of 2026, current performance index fell to 46.5 from 51.4 while expectation index declined to 46.9 from 51.9.

China travel

Amid soaring airfares, Chinese bookings up 20% ahead of Ching Ming holiday

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Banking & finance

Opinion | Dubai’s loss could be Hong Kong’s gain, but only if city is ready

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Hong Kong

Hong Kong’s IP hub ambitions require sustained investment, coordination: experts

‘IP is not just a character. It is a whole ecosystem, from content to merchandising, events and tourism,’ industry veteran says.

The Doraemon exhibition has been held in cities across Asia and is currently being staged in Tokyo. Photo: Handout
Hong Kong International Airport

Editorial | Restriction on power banks on flights should not have come as a surprise

Limiting power banks to two in hand luggage comes after worrying fires on board. However, passengers would have benefited from more advance notice.

Hong Kong society

Letters | BMI a starting point, not whole story, of Hong Kong’s weight management plan

Readers discuss the government’s weight management action plan, and the changes to the HK$2 fare concession scheme.

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Hong Kong politics

New constitutional affairs chief Janice Tse to lead Hong Kong’s first 5-year plan

Former environment permanent secretary appointed to post after city leader John Lee nominated her, citing Tse’s 38 years in government.

Former permanent secretary for the environment Janice Tse has replaced Erick Tsang as Hong Kong’s constitutional and mainland affairs minister. Photo: Sam Tsang
US, Israel war on Iran

Hong Kong on ‘yellow alert’, Kadoorie says, as Middle East war fuels oil crisis

CLP Power chairman Michael Kadoorie says Hong Kong’s electricity supply steady for now and touches on question of his retirement.

Food and Drinks

Hong Kong restaurateurs revamp traditional dining as closures reshape industry

Shifting dining habits and cross-border competition are forcing legacy brands like Maxim’s to reinvent themselves to stay relevant.

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Hong Kong tourism

Opinion | Hong Kong must factor community needs into marina development

As the government pursues its yacht tourism ambitions, it should ensure projects such as the one in Aberdeen benefit locals and visitors alike.

Yacht berths are seen at Aberdeen South Typhoon Shelter on March 25. Photo: Jelly Tse
Low-altitude economy

Opinion | Can Hong Kong hitch a ride on China’s commercial aerospace wave?

The city can play to its existing strengths and become the premier service, financing and governance platform for the nation’s space‑related services.

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Illustration: Craig Stephens
Hong Kong society

MPF authority to propose 2-tier surcharges for late employer contributions

Only one in six bosses in Hong Kong settled arrears within the prescribed two-week deadline, authority says.

Hong Kong society

Dedicated Northern Metropolis laws may speed up projects by 1 year, minister says

Development chief Bernadette Linn also says authorities preparing to increase residential component of some sites.

US, Israel war on Iran

Hong Kong remains stable as oil prices surge amid Middle East turmoil: Paul Chan

Finance chief says city’s service-led economy helps buffer short-term impact of conflict, while vowing to monitor energy volatility.

Finance chief Paul Chan has vowed to monitor energy volatility as Middle East tensions drive up fuel costs worldwide. Photo: Eugene Lee
Hong Kong science and tech

Hong Kong breaks ground on Northern Metropolis data centre to power AI push

Tech chief Sun Dong says project will further solidify city’s leading position as data connectivity hub linking China and the world.

The data centre in the Northern Metropolis spans more than 110,000 square metres. Photo: Edmond So
Hong Kong science and tech

Why SD cards and hard drives are the new ‘digital gold’ in Hong Kong

Hongkongers find prices of professional-grade storage devices are going through the roof.

Artificial intelligence

Video | Why your hard drives and SD cards just got more pricey

AI boom pushes makers to prioritise industrial-grade uses, leaving Hong Kong consumers paying more for basic storage.

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Art Basel

How Art Basel Hong Kong is fuelling the Greater Bay Area’s cultural ambitions

Hong Kong, Macau and Shenzhen are lavishing money on art venues and shows, but can really this buy them lasting cultural capital?

The West Kowloon Cultural District Authority has organised arts events in March, seeking to extend Hong Kong’s cultural month beyond the Convention Centre. Photo: Handout
China-Latin America relations

China denies retaliating against Panama ships, accuses Washington of canal grab

US body says Beijing’s inspections of Panama-flagged ships exceed historical norms and may be reprisals over ousted Hong Kong operator.

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Hong Kong transport

Lawmakers concerned over lack of parking at Huanggang border checkpoint

Hong Kong authorities plan to find a nearby site for parking and provide shuttle buses to the checkpoint building.

Greater Bay Area

Beijing official visits Greater Bay Area cities to explore integrating Hong Kong

Hong Kong and Macau Affairs Office says its director, Xia Baolong, visited Guangzhou, Zhaoqing, and Foshan this week.

Xia Baolong (centre) visits the Guangzhou Tianhe Hong Kong and Macao Youth Association during his trip. Photo: Handout
Hong Kong politics

Singapore to explore Northern Metropolis opportunities: Lawrence Wong

City state’s leader says relations with Hong Kong ‘more important than ever’ amid fragmenting world.

Prime Minister Lawrence Wong (second left) is briefed by Secretary for Innovation, Technology and Industry Sun Dong (third left) during his visit to the Hong Kong park in the Hetao cooperation zone. Photo: Handout
Hong Kong transport

Tender deadline for Hong Kong’s Kai Tak Cruise Terminal extended by 1 month

Submission deadline pushed back following requests from prospective bidders for more time to prepare for expanded scope and KPIs.

Hong Kong Top Talent Services Association

Hong Kong must look beyond mainland China talent to stay global, experts say

Under top talent scheme, authorities have approved 126,942 applications since 2023, with 94.5 per cent – or 120,009 – coming from mainland China.

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Hong Kong

Should Hong Kong be using ‘war chest’ firepower for Northern Metropolis?

Rare HK$150 billion transfer from the Exchange Fund has sparked fierce debate.

Illustration: Lau Ka-kuen
Hong Kong culture

Editorial | Hong Kong’s celebration of art and culture sends a powerful message

At a time of geopolitical complexity, Art Basel opens in a city nurturing local artists, collaborating with international institutions and fostering understanding.

A visitor poses for a photo with Hu Yinping’s Potatoes Grow on Trees at the preview of Art Basel at the Hong Kong Convention and Exhibition Centre in Wan Chai on March 25. Photo: Eugene Lee
China trade

Editorial | Hainan’s arrival as a free-trade port opens new doors for Hong Kong

Rather than viewing Hainan as a rival to be feared, Hong Kong should seize new opportunities for its professional sector and industrial traders.

Cathay Pacific

Cathay to increase fuel surcharge for all flights by 34% from April

Move marks second increase in recent weeks, with airline pointing to ‘considerable pressure’ from higher jet fuel prices due to war in Middle East.

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