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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.
Five-tael (190 grams or 6.65 ounces) gold bars are seen at a jewellery store in Hong Kong as China is urged to become a global gold hub as Trump’s instability spooks central banks worldwide. Photo: Reuters
Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.

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Hong Kong

Easter box office takings twice that of 2025 break despite exodus of Hongkongers

Paul Chan

24% of Hong Kong firms to widely adopt AI, with smaller headcounts expected: KPMG

Hong Kong politics

Hong Kong immigration chief granted service extension past retirement age

Government says Benson Kwok’s extension aims to ensure a smooth leadership transition within Immigration Department.

Immigration chief Benson Kwok. Photo: Jelly Tse
US, Israel war on Iran

80% of Hong Kong fishing vessels grounded due to high fuel prices

Moratorium planned for May 1 but going out to sea already untenable for most fishermen as sector leader warns fish supply likely to fall.

Hong Kong

City to set up company this year to fast-track San Tin I&T hub as firms eye move

Government expects to set up fully owned firm by end of year, with CEO and board appointments set for second and third quarters, official Kevin Choi says.

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Hong Kong

New research institute to ramp up efforts as Hong Kong pursues ‘AI for all’

Artificial Intelligence Research and Development Institute’s first meeting will be held as early as this month to formulate city’s AI road map.

A panoramic view of the San Tin Technopole and the Hong Kong-Shenzhen Innovation and Technology Park in the Northern Metropolis. Photo: Eugene Lee
Hong Kong tourism

Editorial | Hong Kong must diversify and adapt to changing tourism market

Amid shifting cross-border travel and spending patterns, local businesses face challenging times as more residents leave the city during holidays.

West Kowloon Cultural District

Backlash brews for Hong Kong coffee festival over response to bad weather

Muddy grounds and rainy weather cause chaos and frustration at 2026 Coffee Hong Kong @WestK over Easter weekend.

US, Israel war on Iran

Failed bus cuts ‘tip of iceberg’ as fuel costs soar, Hong Kong lawmakers warn

Authorities urged to approve applications by non-franchised bus firms to increase fares, and provide subsidies to offset impact of oil shock.

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ABC Touring Car Company, a non-franchised bus firm, continues to operate rides at a loss after the government rejected its application to reduce its services. Photo: Eugene Lee
Northern Metropolis

Hong Kong’s Northern Metropolis to get separate fencing hall, pool complex

Sports industry experts stress importance of good support services for athletes after government updates plan to meet global standards.

An aerial view of the Kwu Tung area. Photo: Eugene Lee
Hong Kong tourism

Car record for mega bridge’s Hong Kong crossing as F&B sector feels holiday pain

Number of outgoing residents up 14.3 per cent year on year to 2.1 million, but more inbound visitors lead to high hotel occupancy.

Hong Kong

Letters | Hong Kong is not competing with US stablecoins or the digital renminbi

Readers discuss the city’s stablecoin ambitions, the use of e-payments, and the role eHealth could play in stroke prevention.

Hong Kong

Hong Kong restaurant revenues drop over Easter as departures outnumber arrivals

Estimated 6 to 7 per cent year-on-year dip in catering sector business over long weekend amid exodus of locals, F&B trade representative says.

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A restaurant in Tsim Sha Tsui on Easter Sunday. Photo: Eugene Lee
Hong Kong transport

Hong Kong bus firm scraps service cuts after warning from authorities

ABC Touring Car Company says rising oil prices mean “every service is like pouring money into the sea”.

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The company operates services between Tuen Mun and various locations in city centres. Photo: Facebook/ABC Bus
Hong Kong

1 in 3 Hong Kong commercial laundry operators at risk of closure as oil prices soar

Industry representatives say price of industrial diesel has increased by more than 190 per cent in just over one month.

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Banking & finance

Editorial | Stablecoin launch delay shows Hong Kong would rather be safe than sorry

Given the complexity involved, it’s wise not to rush to meet any self-imposed deadline but to make sure a good framework is in place first.

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Hong Kong

Move over, Easter bunny: cats are the stars in Hong Kong this holiday

Seasonal cat-themed artworks are stealing the limelight this Easter, tapping into the city’s booming ‘cat economy’.

‘A Moment to Purr’, a giant interactive cat art installation, is located at the arrivals hall of Terminal 1 at Hong Kong International Airport. Photo: Eugene Lee
Paul Chan

Hong Kong economy showed resilience in first quarter of 2026, Paul Chan says

In review of first-quarter performance, finance chief points to city’s attraction to investors seeking safe haven amid uncertainty.

US, Israel war on Iran

Hong Kong tourists choose safety, affordability with trips to mainland China

Travel industry leader says rise in airlines’ fuel surcharges and Mideast conflict have dampened Hongkongers’ desire to travel long distances.

Northern Metropolis

Opinion | How China is transforming Hong Kong into a strategic hub

The city is moving beyond its traditional role to drive the nation’s financial and innovation future.

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Hong Kong’s skyline, viewed from Victoria Peak on March 3. Photo: Eugene Lee
Hong Kong tourism

Editorial | Hong Kong’s high-value tourism pivot makes sense for the city

If Hong Kong is to strengthen its credentials as an international city, it must appeal to visitors from different countries and cultures.

The Hong Kong skyline, as viewed from Tsim Sha Tsui on March 23. Under its new strategy, Hong Kong will allocate more of its budget to attracting foreign visitors. Photo: Eugene Lee
Hong Kong society

Hong Kong’s John Lee pledges to expand after-school care for low-income families

City leader says decision prompted by positive feedback from families who vouch that scheme gives them peace of mind to pursue careers.

Hong Kong

Hong Kong IP festival Con-Con draws crowds on opening day

Visitors to two-day Con-Con Hong Kong 2026 stock up on exclusive merchandise at booths and take pictures of the latest figurines.

Hong Kong society

1 ticket wins HK$81 million in Hong Kong’s Mark Six Easter snowball draw

Winning numbers drawn were 20, 28, 32, 35, 40 and 45.

The outlet on Stanley Street is considered one of the luckiest by Mark Six players. Photo: Jonathan Wong
Hong Kong transport

KMB told to probe machines that gave free bus rides as new HK$2 scheme launched

Faulty machines offered full rebates to customers who tapped their Octopus cards.

Another KMB fare rebate machine briefly malfunctioned in Sha Tin on Saturday. Photo: Dickson Lee
Hong Kong transport

Revamped transport fare scheme triggers concerns about cost for working elderly

Hong Kong’s revised scheme now requires elderly and people with disabilities to pay 20 per cent of fares for trips costing over HK$10.

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Hong Kong tourism

685,000 Hongkongers head out of city at start of Easter holiday

More residents are travelling to mainland China for the break because of the Middle East war, Tourism Association head says.

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