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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.
An Apollo Go vehicle takes to the road on Airport Island. Photo: Elson Li
Hong Kong transport

Hong Kong gears up for city’s first test run of fully driverless vehicles

Vehicles are being tested on Airport Island and will not require a person at the wheel as a backup for the first time.

Hong Kong stock market

Chinese funds pivot to tech as they cut Hong Kong stock holdings

Belt and Road Initiative

Chinese firm launches Hong Kong-Cambodia cable link as mainland leverages city

Hong Kong property

Investors ‘bulk buying’ flats remains key in Hong Kong amid hot rental market

A record 654 buyers snapped up two or more new properties in the first half of the year, as investors look to cash in on Hong Kong’s rental market.

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Hong Kong’s rental market is attracting growing investor interest, with more buyers snapping up multiple flats. Photo: SCMP/Eugene Lee
Hong Kong environmental issues

Letters | Climate change demands stronger worker protections in Hong Kong

Readers discuss workers’ safety and rights during extreme weather, the state of Earth’s life support systems, and how to rejuvenate Chinese football.

Hong Kong property

Hong Kong’s red-hot rental market forces students to flat-hunt as early as April

Competition for student accommodation is intensifying in Hong Kong, with mainland students starting their flat search months earlier than previously.

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Shenzhen

Shenzhen aircraft takes flight in Hong Kong under pioneering insurance plan

Shenzhen’s eVTOL aircraft secures cross-border insurance for Hong Kong flights, boosting the Greater Bay Area’s low-altitude economy.

A Yivtol electric vertical take-off and landing (eVTOL) aircraft at InnoEx 2026 at the Hong Kong Convention and Exhibition Centre in Wan Chai on April 14, 2026. Photo: Eugene Lee
Chinese offshore investment

Beijing targets offshore tax dodging, intensifying cross-border capital scrutiny

Major financial outlets blast offshore shell structures after case involving the Hong Kong entity of a mainland social media platform.

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Hong Kong

Hong Kong Book Fair draws 1 million visitors, but sellers say many were browsers

Several booksellers say shifting consumer habits and unstable weather during seven-day event hurt business.

Hong Kong stock market

SpaceX slump fails to dent Hong Kong tech as investors seen pivoting

Heavyweights such as Alibaba gain as analysts bet on business models of locally listed tech companies that differ from US counterparts.

Bull statues are seen near screens showing stock prices in Hong Kong. Photo: Reuters
China’s private sector

Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending

Neighbourhood malls to host year-round events encouraging consumers to open their wallets after World Cup mania delivers double-digit gains.

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More than 1,000 soccer fans packed the Olympian City shopping mall in Tai Kok Tsui as they cheered for their teams during the World Cup final match live broadcast between Spain and Argentina. Photo: Sun Yeung
Hong Kong politics

Legco newcomers raise fewer questions but have better attendance

Miramar Group’s Alan Chan and athlete-turned legislator Vivian Kong among those who submitted fewest questions to government.

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.

Hong Kong society

Residents struggle on without fresh water after pipe repairs further delayed

Hong Kong authorities push back target time, as residents in Eastern district brave rain to fetch water from wagons.

About 10,000 households in Eastern district’s Shau Kei Wan and Sai Wan Ho neighbourhoods were affected by the disruption. Photo: Jelly Tse
Fifa World Cup 2026

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

Crowds of football fans, including children and elderly, flocked to shopping centres for match between Spain and Argentina at 3am.

Spain celebrate their World Cup win against Argentina. Photo: Associated Press
Hong Kong society

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

For all the city’s recent successes, the benefits are not translating to more affordable lives for many Hongkongers.

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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.

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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.

A giant electronic monitor shows the Hang Seng Index in Central on June 26. Photo: Edmond So
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.

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.

The campaign uses a palette of 16 colours inspired by local landmarks and cultural symbols. Photo: HKTB
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.

Christen Ng with her 10-year-old dog, Mushroom, at Uluru cafe in Wan Chai on July 9, the day the new regulation took effect. Photo: May Tse
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.

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.

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.

SCMP publisher Tam (left), HKIC chief Clara Chan and Blue Pool CEO Oliver Weisberg. Photo: Nora Tam
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.

The Star Ferry sails past the Central district skyline in Victoria Harbour, on July 1. Photo: AFP
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.

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.

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