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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.
A food delivery rider drives in Jordan on June 12. Hong Kong’s workforce is increasingly shaped by gig-based and project-based work. Photo: Jelly Tse
Hong Kong workers/labour rights

Letters | Besides part-time employees, Hong Kong should protect gig workers

Readers discuss the status of gig-based work, a health safety net, and the seizure of Nicolas Maduro.

Hong Kong

Hong Kong toy fair unveils new pavilion for collectors and global brands

Hong Kong

Lantau site eyed for Hong Kong’s first aircraft dismantling plant: sources

Hong Kong property

Morgan Stanley lifts Hong Kong property to ‘attractive’ as stars align

City’s home prices are expected to rise around 10 per cent in 2026, with an ongoing rebound heralding the start of a new upcycle.

Hong Kong’s property sector is at the beginning of an upcycle, with prices likely to trend higher this year, according to Morgan Stanley. Photo: Dickson Lee
Asian cinema: Hong Kong film

Hong Kong film Back to the Past rakes in record HK$45 million in first week

Time travel movie beats A Guilty Conscience and The Last Dance to become highest-grossing film in opening week, amid box office gloom in city.

Hong Kong

Tender for Hong Kong’s Central Harbourfront Event Space opens with stricter KPIs

Lawmaker says it is reasonable for government to impose additional conditions on future tenant, given location’s role in promoting city’s image.

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Hong Kong

Opinion | With Hetao tech hub, Hong Kong is reimagining its economic future

The city is pivoting towards hi-tech development and greater cross-border integration while committing to innovation ecosystem synergy.

videocam
An aerial view of the Hong Kong-Shenzhen Innovation and Technology Park which, together with the Shenzhen park on the other side of the river, forms the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, seen on December 22. Photo: Eugene Lee
McDonald's

Hong Kong McDonald’s serves up 3% pay rise for some staff amid menu price increase

Others also receive a HK$500 bonus to mark the fast food giant’s 50th anniversary in the city, alongside price increases on select menu items.

Hong Kong property

Hong Kong home sales rise in December amid demand for affordable units

Overall residential transactions rose 5.3 per cent to 5,883 last month, but deal value fell nearly 1 per cent to US$6.6 billion.

Hong Kong

Editorial | Mainland Chinese drivers need to be aware of and respect Hong Kong laws

The southbound travel scheme will provide greater convenience and facilitate integration, so long as motorists follow the rules.

A view of the Hong Kong-Zhuhai-Macau Bridge on October 19. The “Southbound Travel for Guangdong Vehicles” scheme allows 100 drivers from the mainland to enter Hong Kong each day. Photo: Xinhua
Scams and swindles

Editorial | Hong Kong’s anti-scam service a prudent way to make banking more secure

Law enforcement and banks must work together to keep Hongkongers’ money safe and their transactions secure.

People use automated teller machines in Central on August 4, 2024. Photo: Eugene Lee
Hong Kong

Hongkongers flock to say goodbye as landmark department store closes

Close of Sincere’s Sham Shui Po branch, a neighbourhood fixture for 30 years, leaves chain with only two remaining outlets.

Hong Kong aviation

Hong Kong ranked fourth for ‘post-Covid air transit connectivity in Asia-Pacific’

Researchers in Taiwan assess competitive positions of 16 major hub airports in region before and after pandemic.

Hong Kong tourism

Hong Kong records 72% jump in mainland Chinese tourists over long New Year break

Immigration data shows 659,090 mainland visitors entered Hong Kong between New Year’s Eve and Saturday, accounting for 79 per cent of tourist arrivals.

Crowds packed Tsim Sha Tsui’s promenade to ring in the new year. Photo: Elson Li
Hong Kong

Opinion | How Hong Kong can complement Hainan’s free-trade port

Jointly designed customs rules could be used in pilot schemes to smooth the customs process for international business.

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People look at phones in the Haikou International Duty Free Shopping Complex in Hainan province, on December 18, the day China launched island-wide special customs operations in the Hainan free-trade port. Photo: Xinhua
Paul Chan

Hong Kong to boost tech, financial services integration during AI boom: Paul Chan

Minister hails city’s role as global capital market for mainland Chinese tech firms, citing AI chipmaker Biren’s 82 per cent gains at debut.

Diplomacy

Hong Kong firm sanctioned by US in Venezuela crackdown found to use bogus address

Post finds vacant offices, shared secretaries in US-hit Hong Kong firms tied to Venezuelan oil exports, as namesake local company fears backlash.

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Accidents and personal safety

15 left hanging as Hong Kong Ocean Park’s ‘Wild Twister’ ride breaks down again

Thrill-seekers stranded for 19 minutes after signal failure triggers safety system.

“Wild Twister” swings riders around at high speed. Photo: Handout
Hong Kong transport

Hong Kong’s Route 6 set to fully open in 2026, transport chief Mable Chan says

New route will slash travel time between Tseung Kwan O and Yau Ma Tei from 65 minutes to just 12, Chan says.

Hong Kong

Occupancy rate at Hong Kong tech park set to hit 90% in first quarter of 2026

Government says lease renewal on Hong Kong side of collaborative tech hub with Shenzhen will be based on KPIs, but there will be ‘room for error’.

Legislative Council election 2025

New Hong Kong lawmaker Julia Lau vows to strengthen oversight after Tai Po fire

Architectural sector legislator urges better use of public funds, and has ideas on how to boost development of the Northern Metropolis and tourism.

Lawmaker-elect Julia Lau has suggested conducting third-party risk assessments before contractors start major repairs on buildings in Hong Kong. Photo: Jonathan Wong
CLP Group

43 measures for Hong Kong’s CLP to improve power supply after series of failures

Government releases report analysing power supply interruptions and voltage dips between 2021 and mid-2024.

Lightning streaks across the sky above Fanling. CLP supplies electricity to the New Territories, Kowloon and most of the outlying islands. Photo: Eugene Lee
Asian cinema: Hong Kong film

Back to the Past, starring Louis Koo and Raymond Lam, smashes Hong Kong record

Historical sci-fi action film earns HK$10.91 million in debut, the most for a Chinese film opening in city.

Northern Metropolis

Hong Kong trade office head picked to lead body coordinating Northern Metropolis

Linda So, director of Hong Kong Economic and Trade Office in Guangdong, will take up new role from Monday next week.

Retailing

Hong Kong’s retail uptick extends into November with sales climbing 6.5%

Sector’s growth marks third consecutive month of reaching above 6 per cent year on year, but industry leader warns against calling it ‘recovery’.

Shoppers at Tsim Sha Tsui. Hong Kong’s retail sales “sustained its recovery momentum” in November, authorities say. Photo: Dickson Lee
IPO

Hong Kong retakes IPO crown

Hong Kong topped global initial public offerings (IPOs) for the first time in six years in 2025 after fundraising more than tripled aided by deals from battery maker CATL and miner Zijin Gold.

Hong Kong retakes IPO crown
Hong Kong tourism

Hong Kong receives twice as many mainland Chinese visitors on New Year’s Day

Industry leaders attribute rise to three-day holiday on mainland and strained Beijing-Tokyo ties drawing some to Hong Kong instead of Japan.

Hong Kong property

CityU joins ranks of schools snapping up Hong Kong offices

University buys four-storey office block in Kowloon Tong for US$252 million from Singapore-based Mapletree.

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