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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.
Illustration: Lau Ka-kuen
Hong Kong

The drone age: hi-tech wizardry propels Hong Kong towards lift-off

As Hong Kong prepares to enter the era of flying taxis, key players roll out groundbreaking innovations at the cutting edge of technology.

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Hong Kong property

Repeat buyer tucks into another McDonald’s Hong Kong shop for US$15.2 million

Low-altitude economy

Thousands of passenger, cargo drones will fill Hong Kong skies in decade: expert

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Hong Kong property

Hong Kong politician Bunny Chan buys Stanley homes for US$40 million

Businessman and National People’s Congress deputy gets nine-unit property at a 44 per cent discount, says market has bottomed out.

A view of the property at 8 Stanley Beach Road in Hong Kong Island’s Southern district. Photo: Google Maps
Banking & finance

Hang Seng Bank shareholders approve HSBC’s US$14 billion buyout plan

HSBC receives strong backing from Hang Seng Bank’s independent shareholders, getting 85.75 per cent of the votes.

SCMP Exclusives

Exclusive | Is your PayMe history public? Hong Kong watchdog probes HSBC app privacy risks

One of Hong Kong’s largest e-payment apps, PayMe serves more than 100,000 local and online merchants, from retail shops to taxis across city.

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Hong Kong property

Hong Kong’s Sino Land and Great Eagle secure Kowloon site for US$206 million

Acquisition of 41,226 sq ft plot – which could yield 570 homes – reflects confidence in the property market’s recovery as sales rebound.

Sino Land says the site will benefit from an extensive transport network and strong connectivity to major commercial hubs. Photo: Jelly Tse
Hong Kong property

Hong Kong developers rush new flats as sentiment lifts, pressuring recovery

Wheelock and Kerry plan to roll out more than 4,500 units in 2026, even as analysts warn that inventory overhang may cap price gains.

Hong Kong transport

Hong Kong moves ticketing for driving licence applications online to beat touts

Policy change aims to distribute tickets in a fair and orderly manner, Transport Department says.

Hong Kong’s Tai Po fire tragedy

Tai Po housing site ‘viable option’ for fire victims: Hong Kong councillors

Lo Hiu-fung says government should consider plot, about 1.5km from fire-hit Wang Fuk Court, if it wants to help victims resettle as soon as possible.

The fire that broke out at Wang Fuk Court in Tai Po in late November last year killed at least 161 people. Photo: Dickson Lee
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.

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

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

150 local and international IP collectibles to be showcased at Hong Kong Toys & Games Fair, which will run alongside baby products and stationery exhibitions.

Hong Kong

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

Site at To Kau Wan deemed suitable because of proximity to airport and access to existing infrastructure, including roads and pier, sources say.

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.

Commuters walk past a poster for Back to the Past at Mong Kok MTR station. Photo: Edmond So
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.

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.

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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.

Some restaurant management staff at McDonald’s in Hong Kong have been given an average pay rise of 3 per cent. Photo: Sam Tsang
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.

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.

Bargain hunters pack the Sham Shui Po branch of Sincere Department Store on its last day of operations. Photo: Sam Tsang
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.

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.

Financial Secretary Paul Chan (second from right) attends the listing ceremony for Biren Technology with the firm’s CEO Zhang Wen (second from left). Photo: Jonathan Wong
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.

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.

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