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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.
Workers put their cigarettes and lighters inside designated lockers before entering a construction site in To Kwa Kwan. Photo: Elson Li
Hong Kong society

9 tickets, 110 warnings issued after construction site smoking ban takes effect

Authorities have inspected over 200 construction sites since the ban began on Friday last week, labour commissioner says.

Fifa World Cup 2026

Hong Kong restaurants score extra HK$500 million thanks to World Cup

Hong Kong society

Opinion | Is Hong Kong doing enough to lose its top spot for expensive housing?

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Hong Kong

Editorial | Upgraded border crossing will boost Hong Kong-Shenzhen connectivity

Hong Kong’s jurisdiction over part of Huanggang Port, poised to cut passenger clearance times, is a historic milestone in integration with the mainland.

A view of the main structure of the Joint Inspection Building at Huanggang Port, in Shenzhen, Guangdong province, on April 22. Photo: Edmond So
Stocks

Editorial | Caution warranted over tech threat, investors’ AI exuberance

Hong Kong and mainland China have the expertise to prepare for an AI market downturn and the security threat of quantum computers.

Hong Kong

Opinion | Hong Kong’s 5-year plan will shore up market with governance and vision

The government’s role is to reduce uncertainty through strategic direction, institutional coordination and infrastructure investment.

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Hong Kong

Hong Kong can serve as a ‘launch pad’ for AI firms, finance chief Paul Chan says

Comments follow call by President Xi Jinping for AI to become a key driving force for all countries to promote shared prosperity.

Visitors try out products at AI+ Power 2026, Hong Kong’s largest artificial intelligence expo and conference. Photo: Jonathan Wong
Hong Kong tourism

Global tourism push promotes Hong Kong as city to be ‘felt’ not just seen

‘Only in Hong Kong’ campaign aims to redefine how travellers experience city and distinguish it from other destinations, Tourism Board says.

Hong Kong

Hong Kong will press ahead with dog-friendly dining despite backlash, pullouts

Secretary for Environment and Ecology Tse Chin-wan says authorities will step up inspections and public education to reduce rule violations.

Hong Kong property

Hong Kong’s property market outlook cools amid capital outflow crackdown

Secondary residential market faces uncertainty following a strong first half, as Beijing’s capital outflow crackdown cools sentiment.

A pedestrian walks past a property agency in Quarry Bay as Hong Kong home prices rise for the 11th straight month on May 27, 2026. Photo: Karma Lo
Artificial intelligence

Small firms in mainland China adopting AI more readily than large ones: experts

Market agility, steady power supplies and data exchanges also key to gaining edge and dominating AI sector, tech leaders at Bali forum say.

(From left) SCMP senior correspondent Natalie Wong; Kenneth Gaw, managing principal of Gaw Capital Partners; Sean Glodek, vice-chairman of CT Bright Holdings; Lai Lipeng, co-founder and chief innovation officer of Xtalpi; Executive Council member Jeffrey Lam; and Steven Xiao, deputy head of enterprise business of China Mobile International. Photo: Nora Tam
Family offices

For every dollar invested, we bring in more than 8, Hong Kong investment chief says

Hong Kong Investment Corporation head Clara Chan explains her strategies at Nusa Dua Forum organised by SCMP and Indonesia’s sovereign wealth fund Danantara.

Hong Kong

Opinion | Hong Kong’s 5-year plan must focus on what the city does best

Integration, connectivity and contribution to the national economy are the city’s tried and tested ingredients of success.

Hong Kong tourism

Video | Can Hong Kong win local shoppers back from the mainland?

Beyond bargains, the city’s edge lies in its cultural connection with local customers.

Hong kong
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Fifa World Cup 2026

Editorial | World Cup has showcased the beautiful game despite some ugly moments

While high ticket prices, visa issues and a Trump intervention cast a shadow on the tournament, the engrossing competition has also brought people together.

Buddhist Chi Lin Primary School’s “World Cup Round of 16 Family Fun Day” in Tseung Kwan O, Hong Kong, on July 12, with students and their parents cheering for their favourite team during the Argentina vs Switzerland game. Photo: Dickson Lee
Pets in Hong Kong

Editorial | Pets offer Hong Kong a new growth industry – and more

Beyond representing a new silver economy, pets deliver a social dividend by helping fight the loneliness and inactivity associated with ageing.

European Union

Opinion | As the UK discusses an EU return, Hong Kong offers lessons

Like Hong Kong, which functions as a special administrative region of China, could the United Kingdom rejoin the European Union with a special administrative name?

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US-China relations

US lets Hong Kong emergency expire but keeps preferential treatment restrictions

State Department says 2020 order remains in effect as city still lacks sufficient autonomy for different treatment from mainland China.

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Hong Kong is one of Asia's leading international financial centres. Photo: AFP
Hong Kong property

Hong Kong’s prime office space finds support but noncore demand lags

Demand in Central and Admiralty is picking up, but vacancies of up to 30 per cent and tight bank lending continue to weigh on noncore areas.

Hong Kong society

Hong Kong passes bill for Huanggang ‘co-location’ arrangement

Upgraded border crossing will be the first to use a ‘joint-clearance’ model.

Food and Drinks

Letters | Why transparency on pre-made meals would help Hong Kong dining

Readers discuss diners’ expectations of transparency and accountability, teaching children not to waste food, and dog-friendly restaurants.

Tourists pack seafood restaurants in Sai Kung on May 2, during the Labour Day golden week holiday. Photo: Dickson Lee
Banking & finance

How AI and chip boom is propelling Hong Kong’s ETP market to new heights

Hong Kong is already the world’s fourth-largest market for exchange-traded products, and the rapid growth in trading is set to continue, director says.

Investor appetite for AI and semiconductor plays will continue to drive growth in the city's ETP market, according to a director of Hong Kong Exchanges and Clearing. Photo: Jelly Tse
Hong Kong society

Opinion | Why Hong Kong needs to stop measuring itself against its past

Successful global cities are defined by their ambition and measure themselves against the world’s best rather than their past.

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Hong Kong transport

Is Hong Kong kicking the can down the road with ride-hailing quota?

Authorities expect 10,000-vehicle cap will meet demand but critics warn it may lead to shortages, higher fares and public dissatisfaction.

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Hong Kong property

Retail rift: Hong Kong shops beg for rent relief, landlords hold firm

As closures continue despite rising retail sales, landlords and operators have starkly divided views on the retail leasing market.

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A Mong Kok shop operator says few tourists are willing to spend money, and many shops have closed down. Photo: Edmond So
Hong Kong

Hong Kong urged to position Greater Bay Area as equine hub, grow racing tourism

Hong Kong Jockey Club proposes leveraging its Guangzhou racecourse as strategic platform for deeper cooperation with mainland.

Horse racing enthusiasts pack the stands for the season finale at Happy Valley on July 15. Photo: Karma Lo
Hong Kong tourism

Short-haul arrivals fall 15% in June amid strong Hong Kong dollar, fewer flights

City receives 3.72 million visitors last month, driven largely by 10 per cent rise in mainland Chinese arrivals to 2.88 million.

Hong Kong transport

Hong Kong set to invite ride-hailing firms to apply for licences in August

Transport minister Mable Chan sets down timeline as lawmakers complete negative vetting for ride-hailing legislation.

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