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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.
Individual bank account holders can designate a certain amount of their cash that cannot be transferred in any way. Photo: Eugene Lee
Scams and swindles

All Hong Kong retail banks to offer anti-scam service, locking cash in accounts

‘Money Safe’ users will have to meet a bank employee to undergo verification process to ensure their funds are not going to scammers.

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Hong Kong property

Hong Kong’s SHKP nudges up prices on latest Sierra Sea flats on offer

Hong Kong housing

Hong Kong private subsidised flat scheme suffers new blow as site reassigned

Northern Metropolis

New Hong Kong industrial park eyes edge in smart manufacturing, Chinese medicine

Some industries have indicated interest in settling in Hung Shui Kiu, such as makers of environmentally friendly concrete, official says.

Hong Kong’s Hung Shui Kiu industrial park will leverage its location to focus on advanced manufacturing. Photo: Eugene Lee
World Bank Group

Hong Kong authorities question World Bank’s ‘unfair’ business-ready grades

‘Some assessment results … differ from rankings and highly positive evaluations many other international organisations have given Hong Kong,’ Digital Policy Office says.

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Northern Metropolis

New approach to fast-track Hong Kong industrial park gets thumbs up from firms

New company to speed up work on 23-hectare park under Northern Metropolis project wins praise as ‘one-stop service centre’.

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Hong Kong transport

Editorial | Hong Kong working to stay in the fast lane to better connectivity

As drivers adapt to the Yau Ma Tei section of the Central Kowloon Bypass, the focus should quickly shift to how the artery will be an economic asset.

An aerial view of the Yau Ma Tei section of the Central Kowloon Bypass on December 21. Photo: Eugene Lee
Hong Kong

Hong Kong to close Central roads from 2pm on New Year’s Eve ahead of countdown

Event at Chater Road pedestrian zone will feature music and light shows instead of fireworks following deadly Tai Po inferno.

Hong Kong

Hong Kong exports jump 18.8% in November, sharpest increase in 22 months

Growth follows year-on-year increases of 17.5 per cent in October and 16.1 per cent in September.

Northern Metropolis

Hong Kong sets up Hung Shui Kiu industrial park operator, sweetens land tender

Development Bureau says Hung Shui Kiu Industry Park Company will be fully operational by mid-2026, land tender with incentives to run for six months.

An aerial view of Hung Shui Kiu in Yuen Long, which forms a part of the Northern Metropolis. Photo: Eugene Lee
Hong Kong

Hongkongers make 2.73 million outbound trips over Christmas, up 11% from 2024

But bar industry leader reports 10 per cent rise in local business due to festive mood and surge in visitors from Europe and the US.

Outbound travellers pack West Kowloon High Speed Rail Station during the Christmas holidays. Photo: Dickson Lee
Hong Kong property

Hong Kong primary home sales to see decade high as small flats perk up market

Attractive discounts, easing mortgage costs and policy support drive the market’s shift towards flats that cost below US$1.3 million.

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Mainland China

Hong Kong finance chief upbeat about 2026 outlook on back of 3.2% growth

Paul Chan says Hong Kong will align with national development strategies, focusing on three growth engines: finance, innovation and technology, and trade.

Hong Kong shipping and logistics

Can Hong Kong mature as a wine hub? French vineyard owner calls for new focus

Seventh-generation winemaker Erwan Faiveley encourages city to up logistical and storage services during first post-Covid fact-finding trip.

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Wines from Domaine Faiveley and Bullard-Simon in Burgundy, France. Photo: Oscar Liu
Aviation

Editorial | Plane recycling opens new horizons for Hong Kong aviation

A new training centre is set to provide technicians with a new range of skills and bring an industrial chain to Hong Kong.

Chief Executive John Lee examines a cockpit at the launch of the Aircraft Engineering Training Centre in Chek Lap Kok on December 18. Photo: Jonathan Wong
Hong Kong tourism

Hong Kong records 10% rise in festive period visitors as outbound trips surge 22%

Despite increase in tourists, merchants warn absence of New Year fireworks may impact visitor numbers and, in turn, the retail sector.

Hong Kong Voices

A fifth-gen shop owner on closing the business despite his umbrella obsession

The 73-year-old owner of Sun Nga Shing Umbrella Store in Sham Shui Po recently announced that he would be closing the family business, which dates back to the Qing dynasty.

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Food and Drinks

Video | Why are Hong Kong bars struggling to stay afloat?

As a drop in overseas tourists, changing tastes and the ‘Shenzhen effect’ take their toll, experts say there is still hope.

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06:28
Hong Kong tourism

Old Hong Kong police station gets new role hosting film-related show

‘Yau Ma Tei Police Station: A Cinematic Journey’ exhibition opens on January 2 at the popular selfie spot.

Hong Kong

Hong Kong restaurant sales drop 10% over Christmas as cross-border trips spike

While restaurants struggle to attract diners, one hotel group says its properties recorded 90 per cent occupancy.

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Hong Kong

Architect of Hong Kong’s Octopus card retires with dreams of ‘tap-free’ access

Chief operations officer Sammy Kam and marketing director Rita Li look back on the highs and lows of their careers in a cutting-edge company.

Rita Li, the sales and marketing director for Octopus, and chief operations officer Sammy Kam hold up items of memorabilia at their office in Kowloon Bay. Photo: Edmond So
Cryptocurrency

Hong Kong to broaden crypto rules with new licences for dealers and custodians

New frameworks mooted for virtual asset dealing and custodian services, as Hong Kong forges ahead with plans to become a digital-asset hub.

Regulators said on Wednesday they would finalise legislative proposals for two new licensing frameworks. Photo: Shutterstock
Hong Kong tourism

Japan popular with Hong Kong travellers over Christmas, Harbin gaining appeal

Despite row with China, Japan remains popular with Hongkongers, with mainland cities such as Harbin and Yunnan gaining appeal.

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Hong Kong

Guest house rates hit 5-year high as tourists flock to Hong Kong for Christmas

But industry leader warns city’s image as tourist destination skewed by exorbitant rates of five-star hotels, while budget lodgings remain largely unknown.

Hong Kong society

Christmas Eve crowds gather in Hong Kong but festive atmosphere ‘more subdued’

Families at the Tsim Sha Tsui waterfront say celebrations are more muted this year after the deadly Tai Po fire last month.

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People gather along the Tsim Sha Tsui waterfront to take in the Christmas Eve sights. Photo: Karma Lo
Hong Kong politics

Young people’s input needed on pressing Hong Kong issues, incoming lawmaker says

Lawmaker-elect Grace Chan also says there is room for more effective communication within the social welfare sector.

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Grace Chan beat two other candidates for the social welfare seat. Photo: Edmond So
Food and Drinks

Looking back on a bruising year for Hong Kong’s bar industry

Poignant closures included Stockton, The Daily Tot and Foxglove, but 2025 was also the year of the neighbourhood bar, from Mius and Oasis to Sugar King.

Hong Kong tourism

Hong Kong opens bid for next Kai Tak Cruise Terminal operator with stricter KPIs

New term set to begin on June 1, 2028, with the winning bidder set to manage the facility for 10 years, with a possible five-year extension.

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