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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.
Contractors are also urged to display no-smoking signs on site. Photo: Jelly Tse
Hong Kong’s Tai Po fire tragedy

‘All reasonable steps’ for site smoking ban include CCTV, cigarette storage

Smoking is set to be prohibited at all construction sites following deadly Tai Po blaze.

Central Asia

Hong Kong signs 96 agreements with Kazakhstan and Uzbekistan worth US$1.65 billion

Hong Kong transport

MTR Corporation raises €3 billion in its first public euro green bond sale

Belt and Road Initiative

Direct Hong Kong-Almaty flights ‘will save travellers 10 hours, draw tourists’

Lawmakers say new route set to be launched next year will strengthen business ties and bring tourists to Hong Kong shores, with visa-free access under discussion.

Cathay Pacific will launch direct flights to Almaty in the first quarter of next year. Photo: May Tse
Hong Kong tourism

Direct flights between Hong Kong and Uzbekistan to launch this year, sources say

Direct flights between Hong Kong and Tashkent to start as talks begin on reciprocal 30-day visa-free stay agreement to boost trade, tourism and regional ties.

Hong Kong youth

Opinion | Hong Kong’s first astronaut success is also a story of youth potential

Hongkongers and the city’s universities can play a meaningful role in China’s space programme. The sky is not the limit.

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Education in Hong Kong

West’s xenophobia, cash woes present huge openings for Hong Kong, scholar says

Kazakhstan’s Nazarbayev University set to launch another joint undergraduate programme with Polytechnic University.

Professor Waqar Ahmad notes Hong Kong is the only city in the world boasting five universities ranked in the top 100. Photo: Jeffie Lam
Hong Kong

Booking system considered to protect popular Hong Kong hiking trail from crowds

More people than expected visited scenic Po Pin Chau during recent holiday peaks.

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Kazakhstan

Editorial | Kazakhstan partnerships redefine Hong Kong’s strategic role in Central Asia

Chief Executive John Lee’s trip has delivered concrete results that will enhance business and economic ties and boost tourism.

Hong Kong

MTR Corp boss Jacob Kam elected chairman of Hong Kong’s largest business chamber

Kam takes over as head of the Hong Kong General Chamber of Commerce for one-year term.

Jacob Kam (left) shake hands with Agnes Chan as chamber deputy chairman Peter Lam Kin-ngok looks on. Photo: Dickson Lee
Banking & finance

Opinion | Hong Kong is emerging as a leading capital hub of the multipolar era

As wealth creation’s centre of gravity shifts, expect Hong Kong to not only survive but also gain renewed strategic importance.

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Illustration: Craig Stephens
Foreign domestic workers in Hong Kong

Hong Kong helpers urge employers to relax ‘air-con ban’ in heatwave

Employer draws widespread online criticism for scolding domestic helper who switched on air conditioner an hour early in hot weather.

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Central Asia

‘At least 1 firm under Kazakh wealth fund will list in Hong Kong this year’

Trade Development Council chairman Frederick Ma points to Kazakhstan’s huge potential as it seeks to privatise state-owned companies.

Hong Kong society

Hong Kong to keep ‘open mind’ on options for struggling postal service

Government ‘comprehensively’ reviewing Hongkong Post’s operating model and will submit a report on the long-term road map in three years.

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Hong Kong Post’s HK$821 million loss in 2024-25 was its biggest since 1995. Photo Jelly Tse
Central Asia

Hong Kong media groups sign Kazakhstan deals to deepen journalism, business ties

SCMP’s pact with Kazakhstan’s financial hub will foster investment, innovation and cross-border partnerships, publisher Tammy Tam says.

The Astana International Financial Centre (AIFC) in Kazakhstan. Photo: AIFC
Hong Kong

Hong Kong retail sales rise 8.6% in April, but ‘full recovery has yet to emerge’

Retail sales for first four months of 2026 up 11.3 per cent from the same period last year.

Central Asia

Hong Kong to relaunch direct flights to Kazakhstan in first quarter of 2027

City leader John Lee vows to push for 30-day visa-free access to Central Asian country, while Cathay says it will offer three flights per week.

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Hong Kong

Hong Kong leader’s visit set to unlock Kazakh flights, with incentives eyed

Hong Kong-based airline exploring launching such flights up to three times a week but details are being ironed out.

Asel Suankulova is confident that there will be good demand for a Hong Kong-Kazakhstan service. Photo: Jeffie Lam
Water sports

Editorial | Hong Kong is on course to benefit from hosting SailGP event

Having signed a one-year contract with the racing league that could be extended, the city must now ensure the event runs smoothly.

Banking & finance

Why are Asia’s families eyeing liquid assets to secure their children’s wealth?

More of the continent’s parents are providing share portfolios and other assets for their offspring as confidence in property begins to wane.

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Hong Kong

Make use of Hong Kong’s advantages, John Lee urges Kazakhstan leaders, companies

Lee meets President Kassym-Jomart Tokayev as delegation seals wide range of partnership deals on first day of Central Asia trip.

John Lee (left) meets the president of Kazakhstan, Kassym-Jomart Tokayev, on the first day of his trip. Photo: ISD
Animal welfare in Hong Kong

Hong Kong steps up random dog licence checks, warns owners of prosecutions

Agriculture, Fisheries and Conservation Department will scan dogs in public places to verify whether a microchip has been implanted.

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Picnic time at the West Kowloon Cultural District. Photo: Sam Tsang
Hong Kong courts

Defunct Hong Kong bakery chain fined HK$251,800 over unpaid wages

Taipan Bread & Cakes, Taipan Restaurant and parent company Vast Luck failed to pay 47 employees following closure of all outlets on June 24 last year.

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Middle East

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact.

Hong Kong society

Eminent scientist returns to Hong Kong to lead HKUST’s new medical school

King Li says he is honoured to take up the role at HKUST, pledging to nurture future leaders of ‘healthcare revolution’.

King Li says transforming the city's healthcare system would mean improving quality, lowering costs and increasing accessibility. Photo: May Tse
Hong Kong politics

Opinion | Who benefits from the ‘significant improvement’ in Hong Kong’s finances?

When it comes to this year’s civil service pay rises, policymakers would do well to consider public sentiment.

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Civil servants and others ride an escalator near the government’s headquarters in Tamar, Admiralty, on May 28. Photo: Karma Lo
Central Asia

Hong Kong’s John Lee on Central Asia mission to explore new markets, expand ties

Dozens of agreements are expected to be signed during delegation’s five-day trip to Kazakhstan and Uzbekistan.

Hong Kong

Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in its ‘Stage 3.0’: Charles Li

Veteran deal maker urges an IPO link to lure global resource giants and turn Chinese buyers into owners as city solidifies role as East-West bridge and global capital hub.

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