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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.
(From left) Regina Yeung, head of Rewards, Partnerships & Premier, Retail Banking and Wealth, HSBC Hong Kong, Brian Hui, HSBC chief customer officer, SCMP publisher Tammy Tam, Secretary for Education Christine Choi, Janet Pang, managing director and head of Retail Business, Retail Banking and Wealth, Hong Kong, HSBC, SCMP executive editor Zuraidah Ibrahim, Angela Chan, HSBC Life Hong Kong chief distribution officer, and Ang Jin, chief growth officer at the SCMP, at the opening ceremony of the Global Education Summit 2026. Photo: Edmond So
Education in Hong Kong

Hong Kong to boost STEAM degrees as city targets two-way global education highway

Inaugural Global Education Summit, co-organised by the SCMP and HSBC Premier, brings together 5,000 policymakers, educators and parents.

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Hong Kong

Visitors urge Hong Kong to ease restrictions as Sai Kung trail registration begins

Hong Kong transport

Overhead display left dangling at airport’s Terminal 2, investigation under way

Hong Kong

Hong Kong’s leader outlines 3 key new growth drivers ahead of first 5-year plan

John Lee highlights gold clearing system, attracting global enterprises to innovation hub and developing university town as key initiatives.

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Chief Executive John Lee has outlined finance, technology and education as new growth drivers ahead of Hong Kong’s first five-year plan and annual policy address. Photo: Handout
China travel

China to open missing link in 2,370km railway connecting Hong Kong and Beijing

Completing a vital transport corridor, the high-speed route aims to accelerate economic integration between southern business hubs and northern megacities.

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Banking & finance

Gotta monetise ’em all: inside Hong Kong’s red-hot Pokemon card trading market

Hong Kong has evolved into a global centre for the booming Pokemon card trading market, with rare collectibles traded via tokenised funds.

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Banking & finance

Hong Kong’s Silver Bonds draw record 480,000 bids with higher interest rate

Hong Kong is expected to raise the final issuance to the upper limit of HK$55 billion, as applications from elderly investors have surged.

Elderly investors are becoming increasingly interested in Silver Bonds amid an uncertain financial market outlook. Photo: Jelly Tse
Hong Kong

Dairy Queen to return to Hong Kong with 4 stores. Is it scooping up cheap rents?

American ice cream chain says flagship store to open in Causeway Bay in November, followed by three other outlets across city.

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Hong Kong property

Bargain for Hong Kong bar property reflects struggling retail market

While North Point shop deal falls through, former home of Insomnia bar in Lan Kwai Fong sells for 60 per cent less than its 2015 value.

Mainland China

John Lee urges banks to finance city’s tech growth, expand offshore yuan business

City leader calls for closer partnership between government and banking sector in four areas as Hong Kong seeks strategic growth.

Authorities are pouring billions of Hong Kong dollars into the Northern Metropolis, a megaproject near the border that aims to power growth in innovation and technology. Photo: Edmond So
Hong Kong society

Hong Kong proposes grade 2 heritage status for Kennedy Town selfie spot sea wall

Heritage assessment panel proposes listing New Praya’s century-old sea wall as historic structure amid plans to build new pedestrian walkway.

New Praya’s historic sea wall in Kennedy Town, a popular selfie spot, has been proposed for grade two status. Photo: Dickson Lee
Hong Kong healthcare and hospitals

In Focus | Faster and cheaper: why Hongkongers are heading north for medical care

Lower costs and fast service across the border draw patients to Guangdong, leaving Hong Kong’s private doctors squeezed.

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Banking & finance

Hong Kong poised to pass New York, London as top finance hub in GFCI

‘It’s going to happen,’ creator of Global Financial Centres Index says, as long as city maintains openness and predictability.

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Hong Kong Tourism Board

Hong Kong’s first high-end expo with yachts and supercars to launch in November

SCMP learns inaugural Festival of Connoisseurs to receive some of HK$100 million set aside for MICE sector under 2026-27 budget.

Visitors to the International Jewellery Show in March. Informa and the Tourism Board are teaming up to turn the Festival of Connoisseurs into a flagship event to be held annually until 2028. Photo: Sam Tsang
Hongkong Post

Opinion | How Hong Kong can address its postal service’s losses

Regardless of which direction is chosen for the postal service, any reductions in staffing must be done with sensitivity and transparency.

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Staff members help a customer at the General Post Office in Central on August 18. Some 200 employees still on probation will be affected by the decision to end offers of permanent civil service positions at Hongkong Post. Photo: Jelly Tse
Belt and Road Initiative

Opinion | 3 key belt and road connectivities that Hong Kong drives

Hong Kong’s Belt and Road Office is focusing on strengthening links related to infrastructure, rules and standards, and people-to-people connections.

Hong Kong

Hong Kong to mark National Day with 23-minute fireworks show featuring sunflowers

HK$18 million show on October 1 will feature 31,888 pyrotechnic shells exploding over Victoria Harbour celebrating nation’s achievements.

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Hong Kong housing

Advocacy group urges Hong Kong to let residents tap pension savings for homes

Federation of Public Housing Estates says recent cuts to MPF administration fees make now an ideal time to relax withdrawal restrictions.

Lei Cheng Uk Estate in Cheung Sha Wan falls under the Tenants Purchase Scheme. Photo: Edmond So
Hong Kong property

The block formerly known as Upper Prince: the saga of a troubled Kowloon project

Distressed 139-unit project has been rebranded as One Edward, as owners seek to move on after death of Lofter founder Carol Chow Pui-yin.

Robotics

Rain, internet outages hit first day of Hong Kong’s robot convenience stores

But visitors praise humanoid robots at new Galbot stores in Hung Hom, Wan Chai and Kai Tak.

Hong Kong society

‘Unshirkable responsibility’: tax chief apologises for e-filing failures

Benjamin Chan vows improvements after unclear wording in eTAX system results in more than 33,000 people leaving returns incomplete.

More than 33,000 people failed to submit completed tax returns because of unclear wording in Hong Kong’s eTAX system. Photo: Yik Yeung-man
Hong Kong property

Rate rise expectations mount in Hong Kong following Fed chief’s comments

But property consultancy Knight Frank says likelihood of near-term rise in prime rate by city’s note-issuing banks remains low.

Blocks of high-rise flats in Mid-Levels. Photo: Jonathan Wong
Sustainability

Opinion | Why sustainability could be Hong Kong’s next mega-event advantage

By building green standards into event infrastructure, Hong Kong can stay competitive as an event host and irresistible to global organisers.

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Hong Kong

Land tender for flagship Northern Metropolis tech hub draws 6 bids

Operator Loop Hong Kong Park Company hails ‘enthusiastic response’ to tender that follows land sale for pilot project at Hung Shui Kiu.

Hong Kong courts

Hong Kong government loses appeal over Fanling golf course housing plan

Court of Appeal’s ruling is likely to result in fresh public consultations on developing 9.5 hectares of land at Fanling course.

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The Fanling golf course is the oldest in Hong Kong. Photo: Dickson Lee
Hong Kong

Hong Kong retail sales rise 4.5% in July, marking 15th straight month of growth

Retail sales value for the month reaches HK$31 billion, with momentum remaining ‘resilient’.

Private consumption expenditure rose by 2.8 per cent in real terms in the second quarter. Photo: Edmond So
Hong Kong society

Will fixing Hong Kong’s childcare bottleneck help lift the city’s birth rate?

Parents and social welfare groups say demand for childcare services remains high even as births fall below 30,000 for 12-month period.

Northern Metropolis

Exclusive | Singapore firms keen to tap Northern Metropolis’ ‘massive potential’, envoy says

Consul general says businesses see potential in AI, biotech and other research opportunities in the 30,000-hectare development.

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