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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 Asean flag alongside those of its member countries ahead of the Asean Foreign Ministers’ Retreat in Langkawi, Malaysia, in January 2025. Photo: Reuters
Asean

73% of Hong Kong, Greater Bay Area firms ramping up expansion into Asean: survey

Survey by Hong Kong Trade Development Council and United Overseas Bank also shows 98 per cent of companies plan to keep or expand Asean operations.

Animal welfare in Hong Kong

Animal welfare groups slam Hong Kong pet shop for offering cat rental service

Banking & finance

‘One of a kind’: tributes pour in for David Webb, Hong Kong’s ‘voice of integrity’

Hong Kong society

HK$5 million plan to install anti-terrorism bollards near Hong Kong’s Sogo store

Authorities plan to place bollards and crash barriers at road crossings near Sogo in Causeway Bay and at the nearby Paterson Street pedestrian precinct.

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An artist’s impression of how the pedestrian crossing at Sogo will look with safety bollards installed. Photo: Handout
Hong Kong healthcare and hospitals

Most Hong Kong residents support more smoking control measures, study finds

Raising tobacco tax progressively could cut the city’s smoking rate significantly within a decade, separate study estimates.

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Hong Kong

Hong Kong corporate governance activist David Webb dies at 60

A champion of transparency and investor rights, whose investigations and sharp commentaries unsettled the financial elite.

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Education in Hong Kong

Nearly 1 in 4 Hong Kong students can’t finish homework without AI, study shows

Our Hong Kong Foundation calls for unified AI platform and more comprehensive curriculum to cover students at all academic levels.

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AI apps on a smartphone screen: ChatGPT, Claude, Gemini, Perplexity, Microsoft Copilot, Meta AI, Grok and DeepSeek. Photo: dpa
Northern Metropolis

Hong Kong’s SHKP secures HK$1.4 billion land deal in Northern Metropolis

Property giant says site could yield over 1.2 million sq ft of floor area and 2,700 flats, making it one of the biggest housing projects in the area.

Hong Kong International Airport

Letters | Hong Kong airport has recovered well from the pandemic

Readers discuss the competitiveness of HKIA, the impact of the medical fee hike, and the success of the high-speed rail link.

Mainland China

Hong Kong and Nansha target global drone benchmark via cross-border trials

Academics, stakeholders, drone and eVTOL operators, and research institutes from both sides to formulate aligned standards through a closed-loop model.

Hong Kong leader John Lee at the launch of a regulatory sandbox for the low-altitude economy at The Hong Kong University of Science and Technology last year. Photo: Sam Tsang
Hong Kong culture

Editorial | Amid Back to the Past’s success, Hong Kong cinema should look to the future

Although its heyday may be over, the city’s film industry must focus on quality over quantity as it adapts to the changing world of entertainment.

Hong Kong filmgoers look at a poster advertising “Back to the Past” in Causeway Bay, on January 2. Photo: Nora Tam
Hong Kong transport

Editorial | Expanded Hong Kong-mainland rail links can be engine of growth

The addition of new destinations offers travellers more options and further unlocks the economic potential of the high-speed rail service.

Hong Kong property

Hong Kong’s housing market gets a vote of confidence from major banks

Most financial institutions forecast price gains ranging from 5 to 10 per cent, supported by supply constraints and end-user demand.

Artificial intelligence

Producers at Hong Kong toy fair bet on AI-powered plushies to double sales

But some buyers also express concerns over use of the technology in toys for children.

AI-powered plushies were among the highlights at this year’s toy fair. Photo: Sam Tsang
Hong Kong transport

Seats sell out on Hong Kong’s new high-speed rail routes to mainland China

Business-class seats on the January 26 train to Nanjing South, priced at HK$3,136, were sold out by Monday afternoon.

The MTR Corporation announced on Sunday that it would add 16 new destinations to its high-speed rail network from Hong Kong. Photo: Sam Tsang
Hong Kong society

Hong Kong’s Ma On Shan loses its only cinema amid wave of movie theatre closures

Emperor Cinemas shuts down its MOSTown shopping centre theatre on Monday, saying vouchers and coupons still valid at other branches.

Hong Kong transport

Over 1,000 apply as online slots for test-free Hong Kong driving licence go fast

Post reporter tried to secure spot at 7am but was met with a digital bottleneck that saw all available slots snapped up in just over 30 minutes.

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Hong Kong budget 2026-27

Hong Kong must issue bonds as public works drive capital account deficit: Paul Chan

Finance chief also says annual budget will be delivered on February 25.

Construction is under way at the Hong Kong-Shenzhen Innovation and Technology Park. Photo: Eugene Lee
Hong Kong budget 2025-26

Opinion | Hong Kong returning to surplus no excuse for splashing budget cash

Northern Metropolis ambitions and Tai Po fire recovery will test the city’s commitment to fiscal prudence.

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Saudi Arabia

Hong Kong firm aims to build 30,000 modular flats a year with Saudi partner

AluHouse and Saudi Arabian partner will build factory to produce prefabricated flats and meet rising demand for homes in the Middle East.

Hong Kong tourism

Editorial | Tighter rules will help ensure Hong Kong’s harbourfront events dazzle

Stricter standards for Central Harbourfront Event Space tenants are meant to make sure the site is well utilised and events live up to expectations.

Children enjoy rides at the AIA Carnival at the Central Harbourfront on December 22, 2025. Photo: Jonathan Wong
Hong Kong’s Tai Po fire tragedy

Including suppliers in new Hong Kong rules on scaffolding nets ‘overreaching’

Secretary for Development Bernadette Linn also says there is no need for an across-the-board switch from bamboo to metal scaffolding.

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Workers remove scaffolding nets from a building in Hong Kong. Photo: Dickson Lee
Hong Kong society

Hundreds flock to Fortnum & Mason’s Hong Kong branch closing sale

Hongkongers rush to British department store’s Tsim Sha Tsui outlet in search of bargains, discounted luxury goods ahead of January 26 closure.

Hong Kong budget 2026-27

Hong Kong’s finance chief confirms early surplus, vows more elderly support

Paul Chan cites financial market performance and stock trading stamp duty for surplus, as he addresses calls for more welfare at public forum.

Hong Kong property

Hong Kong’s SHKP continues sell-out streak at Sierra Sea

Homebuyers snap up all 213 new flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday.

Sun Hung Kai Properties’ deputy managing director Victor Lui (left) and real state agency general manager Allen Woo hold a banner marking the latest Sierra Sea sell-out. Photo: Handout
Banking & finance

What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

HSBC’s historic US$13.6 billion buyout of Hang Seng Bank aims to cut costs, tackle bad debts and fuel growth, but challenges abound.

Illustration by Henry Wong
Northern Metropolis

Opinion | Northern Metropolis can combine best of central planning and free market

Guided by the national five-year plans, the Hong Kong government is changing policies and offering attractive terms for the project.

Hong Kong healthcare and hospitals

Hong Kong hospital A&E department visits fall 12% after new fees take effect

Number of people benefiting from fee waivers under new pricing regime that started on January 1 triples.

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