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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.
The data centre in the Northern Metropolis spans more than 110,000 square metres. Photo: Edmond So
Hong Kong science and tech

Hong Kong breaks ground on Northern Metropolis data centre to power AI push

Tech chief Sun Dong says project will further solidify city’s leading position as data connectivity hub linking China and the world.

Hong Kong science and tech

Why SD cards and hard drives are the new ‘digital gold’ in Hong Kong

Artificial intelligence

Video | Why your hard drives and SD cards just got more pricey

Art Basel

How Art Basel Hong Kong is fuelling the Greater Bay Area’s cultural ambitions

Hong Kong, Macau and Shenzhen are lavishing money on art venues and shows, but can really this buy them lasting cultural capital?

The West Kowloon Cultural District Authority has organised arts events in March, seeking to extend Hong Kong’s cultural month beyond the Convention Centre. Photo: Handout
China-Latin America relations

China denies retaliating against Panama ships, accuses Washington of canal grab

US body says Beijing’s inspections of Panama-flagged ships exceed historical norms and may be reprisals over ousted Hong Kong operator.

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Hong Kong transport

Lawmakers concerned over lack of parking at Huanggang border checkpoint

Hong Kong authorities plan to find a nearby site for parking and provide shuttle buses to the checkpoint building.

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Greater Bay Area

Beijing official visits Greater Bay Area cities to explore integrating Hong Kong

Hong Kong and Macau Affairs Office says its director, Xia Baolong, visited Guangzhou, Zhaoqing, and Foshan this week.

Xia Baolong (centre) visits the Guangzhou Tianhe Hong Kong and Macao Youth Association during his trip. Photo: Handout
Hong Kong politics

Singapore to explore Northern Metropolis opportunities: Lawrence Wong

City state’s leader says relations with Hong Kong ‘more important than ever’ amid fragmenting world.

Hong Kong transport

Tender deadline for Hong Kong’s Kai Tak Cruise Terminal extended by 1 month

Submission deadline pushed back following requests from prospective bidders for more time to prepare for expanded scope and KPIs.

Hong Kong Top Talent Services Association

Hong Kong must look beyond mainland China talent to stay global, experts say

Under top talent scheme, authorities have approved 126,942 applications since 2023, with 94.5 per cent – or 120,009 – coming from mainland China.

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Visitors at the CareerConnect Expo, part of the Global Talent Summit Week organised by Hong Kong Talent Engage, at the Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: Karma Lo
Hong Kong

Should Hong Kong be using ‘war chest’ firepower for Northern Metropolis?

Rare HK$150 billion transfer from the Exchange Fund has sparked fierce debate.

Illustration: Lau Ka-kuen
Hong Kong culture

Editorial | Hong Kong’s celebration of art and culture sends a powerful message

At a time of geopolitical complexity, Art Basel opens in a city nurturing local artists, collaborating with international institutions and fostering understanding.

China trade

Editorial | Hainan’s arrival as a free-trade port opens new doors for Hong Kong

Rather than viewing Hainan as a rival to be feared, Hong Kong should seize new opportunities for its professional sector and industrial traders.

Cathay Pacific

Cathay to increase fuel surcharge for all flights by 34% from April

Move marks second increase in recent weeks, with airline pointing to ‘considerable pressure’ from higher jet fuel prices due to war in Middle East.

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Cathay Pacific aircraft at Hong Kong International Airport. Photo: Nora Tam
Hong Kong

Customers could pay heftier bills, HK Electric warns, weighs surcharge rise

Fellow utility firm CLP Power earlier increased fuel cost adjustment charge due to discrepancy between actual fuel prices and forecasts.

HK Electric has said that it will initially decrease its fuel charge cost in April, but may raise it mid-year if fuel prices remain high or further increase. Photo: SCMP
Art Basel

Hong Kong holds onto Art Basel crown for 5 more years thanks to new deal

Galleries at preview also say global uncertainties have prompted collectors to take greater interest in works able to retain value.

Hong Kong tourism

New 200-berth marina, clubhouse planned in Hong Kong revamp of Aberdeen site

Development Bureau aims to launch first tender for a marina in nearly 40 years in 2027.

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Hong Kong

Hong Kong weighs petrol pricing disclosure rule in tenders as fuel costs surge

Environment minister Tse Chin-wan tells Legislative Council government open to reviewing tender policy for petrol station sites to bring down soaring fuel prices.

A fuel station in Sha Tin. Pump prices for petrol across Hong Kong have begun to increase again after about two weeks of steady prices. Photo: Sam Tsang
Hong Kong society

More websites, mobile apps for children collecting personal data: study

Global investigation examined 876 websites and mobile apps designed specifically for children across multiple sectors.

John Lee

Hong Kong, Hainan can ‘forge strong partnership’, build on strengths: John Lee

Lee says the launch of Hainan’s separate customs regime presents business opportunities for Hong Kong companies.

Crime in Hong Kong

Watchdog takes legal action against syndicate seeking ‘quarter of renovation market’

Competition Commission targets six undertakings involving eight companies and 12 individuals tied to building maintenance projects worth nearly HK$700 million.

Hoi Tao Building in Kennedy Town was among three renovation projects in which bribes were allegedly offered to flat owners. Photo: Google Maps
Hutchison’s Panama ports deal

CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion

Subsidiary Panama Ports Company slams Panamanian government’s ‘attack campaign’ as it expands international arbitration claim over damages.

Panama Ports Company, a subsidiary of Hong Kong conglomerate CK Hutchison Holdings, claims Panama’s seizure of its port concessions have resulted in damages of more than US$2 billion. Photo: AP
Hong Kong society

Editorial | Changes to HK$2 transport fare subsidy will ensure scheme is viable

While it remains a valuable aid to social cohesion, the sliding discount model also ensures fiscal prudence.

Chief Executive (Hong Kong)

Hong Kong to meet uncertainty with openness, John Lee tells Boao Forum for Asia

‘Regional economies are joining hands to ensure we continue to be a driver of global growth and a pillar of stability,’ city leader says at annual event in Hainan.

Northern Metropolis

Northern Metropolis boundary changes will need Legco approval, minister says

Secretary for Development Bernadette Linn also says she cannot see a need to adjust the boundaries at this stage.

Under the Northern Metropolis scheme, 30,000 hectares of land will be turned into an engine for economic growth and a housing hub. Photo: Eugene Lee
Singapore

Singapore’s Lawrence Wong to visit Hong Kong after Boao Forum trip

Wong’s three-day visit will be his first to Hong Kong as prime minister.

Prime Minister Lawrence Wong will visit Hong Kong for three days. Photo: AFP
US, Israel war on Iran

Visiting galleries may keep artworks in Hong Kong for months due to shipping chaos

Gallerists taking part in Art Central say getting pieces to city was hard enough and they may park them here temporarily while weighing options.

Hong Kong society

Editorial | Hong Kong graduates need to adapt to secure a job in the AI era

There is no point in lamenting AI’s rise. The focus must be on flexibility and learning to live with the technology.

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