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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.
University of Hong Kong students and staff watch the historic launch of the Shenzhou-23 space mission featuring the city’s first astronaut, Lai Ka-ying, on May 24. Photo: Dickson Lee
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

Hong Kong

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

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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 Chief Executive John Lee (left) meets Kazakh President Kassym-Jomart Tokayev (second right), in Astana, Kazakhstan, on June 1, to exchange views on deepening bilateral relations. Photo: Handout
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.

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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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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A domestic helpers’ group says about 80 per cent of its members face restrictions on using air conditioners. Photo: Sam Tsang
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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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.

People at a shopping centre in Mong Kok. Photo: Karma Lo
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.

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.

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.

Athletes sail during the Bermuda leg of the SailGP championships on May 9. Photo: SailGP
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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Illustration: Davies Christian
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.

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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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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Bakery chain Taipan shut all its retail outlets in June last year. Photo: Nora Tam
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’.

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.

The delegation’s first stop on the five-day trip to Central Asia is Astana. Photo: Reuters
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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Hong Kong society

Can Hongkong Post be saved or should it become a taxpayer-funded public service?

Observers say HK$4.6 billion rescue plan only buys time as officials must decide whether basic public services should override push for profit.

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Hong Kong

High rents, job fears rank among top stressors for mainland students in Hong Kong

But over 40 per cent still plan to stay in city after graduation despite financial and mental strain, poll finds.

Rent and accommodation costs topped the list of grievances among 19.2 per cent of mainland Chinese students polled. Photo: Jonathan Wong
Hong Kong science and tech

Hong Kong may host Shenzhou-23 crew in 2027, including astronaut Lai Ka-ying

Tech chief Sun Dong also says new space manufacturing research centre focusing on AI and 3D printing will be established this year.

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(From left) Lai Ka-ying, Zhang Zhiyuan and Zhu Yangzhu at the mission send-off ceremony at the Jiuquan Satellite Launch Centre in northwestern China. Photo: Xinhua
Hong Kong

Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Initiative would build on AI and finance convergence while supporting yuan internationalisation, finance chief Paul Chan says.

Central Asia

More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say

Tour operators are linking up with mainland Chinese who have settled in region, giving city residents new ways to explore unconventional destinations.

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