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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.
Credit: Brian Wang
Hong Kong

In Focus | Why softer focus on national security in Hong Kong’s 5-year plan won’t happen

Experts expect John Lee’s policy address to set ambitious governance agenda on various social and economic issues, but security will underpin them all.

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Hong Kong population

Opinion | Hong Kong must plan for the population it wants to have

Hong Kong property

Hysan courts fintech as ZA Bank commits to new Causeway Bay headquarters

Hong Kong

Hong Kong, Kazakhstan sign MOU on transport lab, discuss low-altitude economy

Kazakh vice-minister Bakhtiyar Mukhametkaliyev says his country envisions connecting mainland tech companies with Hong Kong financial tools.

Bakhtiyar Mukhametkaliyev, Kazakhstan’s vice-minister of artificial intelligence and digital development, says he has discussed the low-altitude economy with Hong Kong counterparts. Photo: Karma Lo
Central Asia

Hong Kong a ‘2-way springboard’ between mainland China and world: John Lee

Speaking at Belt and Road Summit, chief executive says city is taking structured approach to new markets in Southeast Asia, Middle East and Central Asia.

Belt and Road Initiative

Letters | Belt and Road Initiative is more than a trade and investment platform

Readers discuss how far the belt and road framework has come, the use of AI in official translations, and the start of the school year.

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Hong Kong

Hong Kong agencies warn of lingering Jakarta flight delays after volcano eruption

Employment companies hold off booking flights for Hong Kong-bound helpers as airlines struggle to clear backlog after Indonesian volcano eruption.

Stranded passengers wait at Soekarno-Hatta International Airport. Photo: Reuters
Central Asia

Editorial | For Hong Kong and Central Asia, the real work lies ahead

Building on the success of Chief Executive John Lee’s June trip, both sides must now build a durable commercial architecture.

Hong Kong property

The house wins: Macau kingpin’s former ‘love nest’ sells for cut-price HK$81m

The Mid-Levels flat – once owned by Alvin Chau’s former mistress – is the latest luxury property to sell for a steep paper loss in Hong Kong.

Belt and Road 2026

How Hong Kong can capitalise on Kazakh asset sales

The city’s deep capital markets and SOE listing expertise offer Central Asia’s largest economy a proven pipeline to global investors.

Raygorodok gold mine in northern Kazakhstan. The operation is a rare example in Central Asia of a long-standing private mining venture. Photo: SCMP
Special Reports

Hong Kong’s push for human infrastructure beyond ports and railways

Beyond physical trade routes, the city’s museums, universities and orchestras are cultivating the personal relationships needed to sustain international cooperation.

Exhibitions like the recent one of Ancient Egyptian treasures at the Hong Kong Palace Museum are not just about ‘soft power’ but can establish meaningful and lasting links between professionals, academics and institutions. Photo: Karma Lo
United States

Shenzhen-Hong Kong-Guangzhou retains crown as world’s top innovation hub

Hong Kong government says ranking by UN body reaffirms Greater Bay Area’s ‘outstanding innovative capacity’ and strong financing ecosystem.

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Hong Kong

Uber to apply for Hong Kong licence by end of October as Macau rides surge

Ride-hailing giant prepares application under new rules while Hong Kong users fuel fivefold trip growth in gaming hub.

Hong Kong stock market

Hong Kong gaining lustre as bridge to China’s tech sector: HKEX CEO

Hong Kong remains a top IPO destination for Chinese tech start-ups seeking to connect with global investors, Bonnie Chan Yiting says.

Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX), speaks during a ceremony to mark HKEX’s 26th anniversary in Hong Kong. Photo: May Tse
MTR Corporation

Hong Kong’s MTR Corp wins bid as part of group to build new Sydney station

Rail giant and subsidiaries of Malaysian engineering firm Gamuda Berhad win bid as joint venture, in deal reportedly worth A$880 million.

An artist's impression of the new station in Parramatta for the Sydney Metro West project. Photo: Handout
Banking & finance

To lure long-term capital, Hong Kong financial council calls for MPF expansion

Official think tank urges broader retirement-fund investments, more mainland institutional capital and reforms to boost listings, bonds and corporate restructuring.

Hong Kong

Hong Kong a boon to Kazakhstan’s advanced manufacturing ambitions: expert

Sabr Yessimbekov says some projects in MOUs signed between Kazakhstan and Hong Kong-mainland China delegation in June already under way.

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Education in Hong Kong

Hong Kong emerges as leading Asian study destination for Kazakhstani students

Hong Kong universities attracting growing number of students from Central Asian country, with enrolment up by 408 per cent in eight years.

CityU students Islam Seitzhanov (left) and Assem Kanabek. Photo: Edmond So
Hong Kong aviation

Opinion | How the goalposts have shifted on Hong Kong aviation

Success was once measured by how far local airlines could fly. Now, it’s about how effectively global networks intersect here to power the wider economy.

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Hong Kong

Exclusive | AI, chip firms among bidders for flagship Northern Metropolis tech hub at border

Source says tender results for four parcels at Hong Kong-Shenzhen Innovation and Technology Park could be expedited to as early as November.

Education in Hong Kong

Kazakhstan aims to become education hub, but experts say jobs must match skills

Experts on panel at SCMP’s China Conference: Central Asia 2026 say collaboration with Hong Kong and mainland universities is in the pipeline.

Nazarbayev University in Astana. Photo: Xinhua
Hong Kong

Kazakhstan, Hong Kong ‘can build biotech unicorns by linking talent and capital’

Top academic tells SCMP event there’s real opportunity to connect capital, ideas and state support across the two regions.

Professor Huck-Hui Ng says Kazakhstan’s nascent biotech sector has already produced several start-ups in areas such as AI and digital health. Photo: SCMP
Hong Kong

How can Hong Kong, Central Asia build momentum on growing ties, go beyond MOUs?

Tourism, professional services, mining and digital infrastructure prospects discussed at SCMP’s China Conference: Central Asia 2026.

Hong Kong Jockey Club

Cross-sector push needed for youth facing ‘paradox of AI fluency’: minister

Labour chief Chris Sun says higher education alone no guarantee of job success, while Singapore’s trade minister calls for ‘continuous learning’ mindset.

Hong Kong property

Banks’ reluctance to lend deepening Hong Kong shop slump: landlords

Pressing owners to repay loans amid falling values while turning away new buyers could prolong wider economic drag, advocacy group says.

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Pedestrians walk past a vacant retail shop plastered with “for lease” posters on Gloucester Road in Causeway Bay on September 6. Photo: Karma Lo
Cathay Pacific

Cathay Pacific, Google scale up AI tests to reduce aviation’s climate impact

Second-phase trials with Contrails.org will target ultra-long-haul Asia and transpacific routes, building on early tests that reduced contrail warming impact by about 40 per cent.

Cathay Pacific says AI deployment will complement other initiatives such as fleet modernisation. Photo: Sam Tsang
Hong Kong housing

Make home ownership a 5-year plan goal, Legco president says

Starry Lee says reviving Tenants Purchase Scheme and reserving subsidised flats for young, middle-class families could help achieve target.

Central Asia

Hong Kong a ‘trusted partner’ to drive Central Asia growth, city leader says

Central Asia offers immense potential for global businesses, John Lee reveals as SCMP’s China Conference debuts in Astana.

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