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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.
Prospective buyers queue at the sales office for Pavilia Farm III flats. Photo: Jelly Tse
Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Hong Kong

Hong Kong urged to be more proactive in removing barriers with Shenzhen

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Hong Kong

New firms with up to HK$100 billion in market value to set up shop in Hong Kong

Hong Kong society

‘No mood for work’: ship mechanic’s future clouded by Aberdeen marina project

‘I have put my heart and soul into the workshop for several decades … After the plan was announced, I have had no mood for work,’ David Chan says.

David Chan says he plans to keep working for a few years. Photo: Elson Li
Hong Kong politics

Opinion | How markets will test Hong Kong’s new economic model

Industrial policy can guide and catalyse but it cannot substitute for a genuine competitive advantage.

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Hong Kong tourism

Editorial | Stamp out coercive shopping tours to uphold Hong Kong’s reputation

Low-cost tours have proved difficult to eradicate but measures such as random inspections and harsher penalties could be considered.

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Hong Kong

Opinion | How Hong Kong can beat Singapore as the launch pad for Chinese firms

Chinese enterprises going global is this decade’s economic story. Hong Kong needs a system to guide them through each stage of their journey.

Hong Kong’s dense, chaotic urban environment is not a flaw; it is an invaluable living laboratory for innovation. Photo: Getty Images / iStockphoto
Hong Kong

Hong Kong watchdog monitoring potential merger of city’s top 2 supermarket chains

Jardine Matheson and CK Hutchison reportedly in talks for Wellcome-ParknShop megadeal amid decline in citywide supermarket sales.

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Hong Kong housing

Hong Kong Housing Society aims to boost supply of subsidised sale flats

Chairman Ling Kar-kan says society will still supply more rental flats.

Middle East

Hong Kong minister urges long-term view, says Middle East investment unaffected

Minister Algernon Yau urges businesses to avoid short-term thinking, says Hong Kong entrepreneurs are discerning in assessing opportunities.

Dubai cityscape. The trade between Hong Kong and the Middle East accounted for 1.5 per cent of the city’s total trade volume. Photo: Getty Images
Hong Kong

Letters | Hong Kong’s high fuel prices warrant scrutiny

Readers discuss petrol prices in the city, the fire safety alarm system at Wang Fuk Court, and public hospital costs.

Vehicles at a fuel station in Sha Tin on March 2. Photo: Sam Tsang
Hong Kong tourism

Tourism Board invited 1,730 influencers with 1.6 billion followers over 2 years

Culture, Sports and Tourism Bureau says influencers’ itineraries were tailored to their markets and audiences.

Hong Kong Sevens

Hong Kong in Sevens heaven as dazzling display marks start of 50th year

Not even a leaky roof at Kai Tak Stadium can put a dampener on proceedings as 34,368 fans pass through gates on day one.

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Banking & finance

HKEX proposes halving settlement cycle to boost Hong Kong’s financial profile

Bourse operator launches a consultation on shortening the share settlement cycle to one day, aiming to implement the reform in late 2027.

If adopted, the shortened cycle will apply to equities, exchange-traded products, structured products, real estate investment trusts and listed debt securities, according to HKEX. Photo: Jonathan Wong
Hong Kong

Hong Kong eyes HK$220 million private investment for national innovation centre

Innovation, Technology and Industry Bureau sets ‘ambitious’ goal for centre to be profitable by fifth year of operation.

Yuen Long InnoPark by Hong Kong Science & Technology Parks Corporation. Photo: Eugene Lee
Hong Kong society

Outside In | Debunking the myth of the lonely, isolated Hong Kong retiree

New findings show that elderly Hongkongers are much more mobile than most people imagine and just want to be treated as normal members of society.

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US, Israel war on Iran

Letters | Amid elevated oil prices, Hong Kong’s stable energy system is a boon

Readers discuss the city’s electricity regime, the significance of Russian oil, and the KMT leader’s visit to mainland China.

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Hong Kong Sevens

Bars gearing up for bumper Hong Kong Sevens weekend

Bar operators dismiss concerns that higher airfares because of Middle East war will deter rugby fans from visiting city.

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Pub-goers enjoy a few drinks in Lan Kwai Fong ahead of this weekend’s rugby. Photo: Sam Tsang
Banking & finance

Editorial | Hong Kong taxpayers deserve clarity on Covid-era SME loan scheme

In addition to efforts to secure repayment of defaulted loans, the public should receive an accounting of whether the spending was a good investment.

European Union

Hong Kong leader John Lee, EU officials meet to discuss trade, cooperation

EU ambassador describes lunch meeting as a ‘constructive and in-depth exchange on EU-Hong Kong relations’.

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Hong Kong transport

Hong Kong government pays two-thirds of HK$90 million tab for HK$2 fare revamp

About 220 beneficiaries averaged over 240 trips a month – equivalent to more than eight daily – with one taking as many as 20 a day.

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Real-name registration, introduced on August 25, 2024, to combat abuse, showed 22,000 beneficiaries averaging 120 to 240 trips monthly in the first year. Photo: Jelly Tse
Northern Metropolis

Are special laws a quick fix for speeding up Hong Kong’s Northern Metropolis?

Syncing megaproject with key infrastructure and turning it into a ‘living laboratory’ are equally important to its success, tech experts say.

Illustration: Victor Sanjinez
Greater Bay Area

Editorial | Digital cooperation is a vital link for Greater Bay Area integration

By fostering tech and talent exchange, the new MOU reinforces Hong Kong’s financial standing and advances China’s national development goals.

European Union

Exclusive | EU budget chief pushes collaboration, bonds on Hong Kong leg of Asia tour

Piotr Serafin says EU remains open to capital from city and mainland China despite pursuing a ‘de-risking strategy’ in certain key sectors.

Cinema

Reel deals: Hong Kong to celebrate Cinema Day on April 25 with HK$30 tickets

In past three years, Cinema Day recorded over 600,000 admissions and box office revenue of more than HK$44 million in total.

It was a full house at Emperor Cinema’s IMAX theatre in iSquare, Tsim Sha Tsui, on last year’s Cinema Day. Photo: Dickson Lee
Hong Kong tourism

Mega-events drive 14% year-on-year rise in Hong Kong tourist arrivals in March

City welcomed 4.35 million visitors in March, but Tourism Board warns that war in the Middle East could bring volatility to the travel market.

Crowds of visitors at Art Basel Hong Kong in late March. Photo: Dickson Lee
Paul Chan

Paul Chan backs Hong Kong to be world’s No 2 financial hub within 15 years

Finance chief says city’s strengths are its stable environment and strong growth.

Hong Kong

Letters | Hong Kong is the perfect complement to Dubai, not a replacement

Readers discuss the possibility of the wealthy migrating to Hong Kong from the United Arab Emirates, and the Hong Kong government’s response to war’s disruptions.

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