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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.
Swire Pacific has reported record first-half profits. Photo: SCMP/Fung Chang
Hong Kong stock market

Swire Pacific posts record first-half profit as investment surges to fresh high

The Hong Kong-based conglomerate saw its underlying profits soar by 48 per cent year on year in the first half of 2026.

Banking & finance

Hong Kong raises Silver Bonds coupon rate to 4.25% for latest batch

CLP Group

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

Hong Kong society

Opinion | Hong Kong needs regenerated districts, not piecemeal renewal

The government should tie redevelopment of properties in old districts to Northern Metropolis development rights and create an urban regeneration authority.

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Illustration: Rocio Marquez
Hong Kong

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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Hong Kong

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.

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Hong Kong

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.

Henry Poon of On Kee Dry Seafood says abalone for HK$1 will be offered as part of a game to attract customers. Karma Lo
Hong Kong property

The Peninsula Hong Kong and Tokyo set for HK$2.1 billion revamp

No timeline has been set, but the operator says it will minimise disruption while preserving the heritage of its iconic Hong Kong hotel.

Greater Bay Area

Opinion | To lead Greater Bay Area integration, Hong Kong can look to San Francisco

As the city’s proposed five-year-plan seeks to increase regional cooperation, it should aim to drive alignment of rules and institutional frameworks in the Greater Bay Area.

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Iran

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
Kazakhstan

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
Cathay Pacific

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

Letters | Hong Kong ‘over’? Stephen Roach is missing the point

Readers discuss the city’s transformation, tying government official KPIs to Scoop, and promoting mini-events like Beyblade battles.

Hong Kong transport

Over 1,000 sign up for Hong Kong’s new taxi, ride-hailing test

Lawmakers say interest is likely to grow as the city prepares to fully launch its ride-hailing regulatory regime next year.

More than 1,000 applicants have registered for a new combined test for taxi and ride-hailing services in Hong Kong. Photo: Karma Lo
US, Israel war on Iran

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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Onlookers wade in the Strait of Hormuz as ships wait to leave. Photo: ISNA via AP
Hong Kong

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.

Hong Kong healthcare and hospitals

Shenzhen warns clinics over illegal dental services, misleading ads in Hong Kong

Shenzhen health authorities issue warning after Hong Kong officials flag case of illegal dental practice at North Point shop.

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Banking & finance

HSBC share price drops following lower-than-expected US$1 billion buy-back

The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, beating analysts’ estimate of US$9.5 billion.

HSBC headquarters in Central. Photo: Sun Yeung
Hong Kong workers/labour rights

Why are Hong Kong delivery drivers unhappy about proposed payouts for injuries?

Unions and delivery riders say government’s proposed compensation scheme should also include logged-on waiting time.

Hong Kong

Non-stop summer rain leaves Hong Kong farmers with heavy losses as crops fail

Farmers in Yuen Long suffer six-figure losses as frequent downpours flood sunflower, melon and vegetable fields.

Shenzhen

Letters | Hong Kong needn’t match mainland prices but must compete on value

Readers discuss how mainland travel is reshaping Hongkongers’ ideas of service and value, overcrowding on the Airport Express, and the US’ gift to China.

A shopper contemplates sourdough and other bread at a bakery in the MixC Shenzhen Bay mall in Shenzhen’s Nanshan district on July 1. Consumers who travel across the border are returning with new expectations. Photo: May Tse
Hong Kong

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
Banking & finance

AIIB explores digital payments, eyes Hong Kong hub as it raises record funds

The development bank aims to raise a record US$11 billion this year, as it continues to broaden its operations, according to a senior official.

Hong Kong

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

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.

Visitors take pictures of themselves seated on the stationary merry-go-round in Tsim Sha Tsui. Photo: Edmond So
Hong Kong healthcare and hospitals

How can retirees beat rising healthcare costs in Hong Kong?

Hong Kong has long relied on both public and private hospitals and clinics, but medical inflation is pricing out elderly patients.

illustration: Lau Ka-kuen
Middle East

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.

Asian cinema: Hong Kong film

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.

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