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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.
(From left) Secretary for Justice Paul Lam, IOMed chief Teresa Cheng and former justice chief Rimsky Yuen took part in the “fireside chat”. Photo: Silvia Siu
Hong Kong courts

Hong Kong’s IOMed poised to play key role in resolving Greater Bay Area disputes

International Organisation for Mediation can handle disputes among three Greater Bay Area jurisdictions, secretary general Teresa Cheng says.

Hong Kong society

3,800 Hong Kong food outlets offering up to 30% off to celebrate National Day

Hong Kong

Hong Kong exports surge 53% to HK$667.9 billion, second highest on record

Hong Kong

Hong Kong vows safe Apec meeting with plans for terror and cyberattack threats

Security measures will cover hotels, venues and transport, with contingency plans to respond to terror threats and teams conducting cyber patrols.

Hong Kong will put security measures in place for the Apec Finance Ministers’ Meeting, including contingency plans for potential terrorist attacks. Photo: Karma Lo
Authorities say it will guard against terror and cyberattacks while ensuring the Apec meeting at the Hong Kong Convention and Exhibition Centre runs safely and smoothly. Photo: Edmond So
Hong Kong property

Developers seek Kowloon East rezoning for residential development

Planning Department says it has no objection to application but suggests a number of approval conditions to Town Planning Board.

Hong Kong property

Hong Kong rises in property market transparency rankings, but trails Singapore

Hong Kong jumped one place to 14th in list of world’s most transparent real estate markets as Asian destinations made progress.

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Hong Kong society

From moongazing to bus tours: how to celebrate Mid-Autumn Festival in Hong Kong

Here’s a round-up of things to do and see for the Mid-Autumn Festival, which falls on Friday this year.

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The World Lantern Boulevard at Victoria Park. Photo: Dickson Lee
Nanjing artists have created an eight-metre-tall lantern inspired by the city’s banyan trees. Photo: Dickson Lee
The Hong Kong Tourism Board is staging its first-ever International Lantern Spectacular at Victoria Park. Photo: Nora Tam
Hong Kong tourism

Hong Kong to welcome 1.29 million mainland Chinese visitors for National Day break

Immigration Department shares estimate as Hong Kong’s No 2 official says authorities to ‘make good preparations’ for ‘golden week’ break.

Mainland China

Northern Metropolis data hub to start phased operations in mid-2027: CLP Power

Sandy Ridge data facility cluster, which broke ground in March, will begin operating earlier than original 2029 schedule.

Hong Kong society

Opinion | Hong Kong needs social science to help deliver on its 5-year plan

Universities and academics can contribute the evidence needed to turn these commitments into better decisions.

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Workers remove belongings from a demolition site in Kwu Tung on June 17 to make way for developments under the the Northern Metropolis plan. Urban policy research can bring future and existing residents’ expectations into planning and identify problems while there is still time to change course. Photo: AFP
Banking & finance

Will Hong Kong property market benefit as online financial firms get physical?

Online brokerages and digital banks are opening branches across city after a sharp drop in shop rents in prime locations.

A Futu Securities International branch in Causeway Bay. Photo: Sam Tsang
Yuan

Digital yuan push quickens as Ant International spurs instant cross-border flows

The Shanghai-to-Hong Kong settlements worth hundreds of millions of yuan bypassed traditional channels and could accelerate Beijing’s broader yuan strategy.

Hong Kong

Hong Kong workforce to shrink by 20,000 yearly as key sectors face shortages

Predicted 2028 shortfall will narrow to 130,000, but key sectors such as aviation, tech, healthcare and construction still face crunch.

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European Union

Hong Kong on way to securing green fuel supply to safeguard aviation hub status

Policy chief notes city to consider sustainable aviation fuel mandate, saying clear targets are needed to draw investment and build supply.

The city’s policy chief Stephen Wong says Hong Kong needs sustainable aviation fuel targets to attract investment, secure supplies and retain its aviation hub status. Photo: Elson Li
Mainland China

Foreign chambers back Hong Kong 5-year plan, urge progress on Northern Metropolis

Focus on city’s role in helping mainland Chinese businesses go global is attractive to foreign investors, chamber heads say.

(From left) British Chamber of Commerce's Paul McComb, Australian Chamber of Commerce's Mary Simpson, and European Chamber of Commerce's Johannes Hack. Photo: Jonathan Wong
Hong Kong property

The View | Why a hawkish US Fed won’t derail Hong Kong’s property recovery

Higher interest rates may dampen momentum, but solid demand, improving sentiment and effective policy execution will prove more decisive.

Hong Kong property

Once the world’s most-visited city, Hong Kong now converts hotels to dorm rooms

As the city positions itself as a global education hub, hotels are being converted into premises for student occupation.

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Hong Kong transport

Over 11,000 sign up for Hong Kong taxi, ride-hailing test, beating expectations

Transport minister says response has exceeded expectations, adds that authorities to arrange for applicants to take test within two months.

Hong Kong recently passed legislation to regulate local ride-hailing services, capping the total number of vehicle permits at 10,000. Photo: Jelly Tse
IPO

China’s tech IPOs weigh Hong Kong vs the mainland. But how much does it matter?

Firms weigh benefits of international reach against higher domestic valuations, but the dual-track dynamic is just the start, and it all aligns with Beijing’s goals.

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Asean

Hong Kong secures expanded equal treatment and investment guarantees across Asean

Hong Kong authorities say signing of the protocol will bring legal certainty, enhance the investment environment and boost investment flows.

Hong Kong property

How the new Huanggang Port is sparking a cross-border property boom

The new port is expected to dramatically speed up crossings between Shenzhen and Hong Kong, making cross-border living more convenient.

The vast Joint Inspection Building at the new Huanggang Port in Shenzhen, which is expected to speed up border crossing times. Photo: Edmond So
John Lee policy address 2026

Hong Kong’s first 5-year plan to give firms more long-term certainty: Paul Chan

Finance chief says blueprint’s targets and timelines will help businesses align investment decisions with government goals.

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Construction is under way at the Hong Kong-Shenzhen Innovation and Technology Park at the Lok Ma Chau Loop. Photo: Silvia Siu
Kazakhstan

Reporter’s notebook: Kazakhstan trip shows promise, limits of Central Asia ties

It will soon be possible to fly direct from Hong Kong to Almaty, but in the meantime a little flexibility is required.

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Hong Kong

Hong Kong hopes to begin Victoria Park Tennis Centre redevelopment by 2030

Sports chief Rosanna Law says feasibility studies for redevelopment under way, but completion date depends on final design, scale and securing funding.

Greater Bay Area

Hong Kong to open waters to Guangdong yachts under southbound scheme from October

Transport chief Mable Chan says scheme expected to boost cross-border leisure spending and support Hong Kong’s yacht economy.

A proposed southbound yacht scheme is expected to boost cross-border leisure spending and support Hong Kong’s yacht economy. Photo: Elson Li
John Lee policy address 2026

Hong Kong leader says firms must strive to survive despite government support

Chief Executive John Lee defends policy address, saying government aid can help but businesses must also adapt in competitive market.

Chief Executive John Lee says the government will support small and medium-sized enterprises, but businesses must find ways to survive in a competitive market. Photo: Karma Lo
Hong Kong

Opinion | More than ever, Hong Kong’s global character is an asset to the nation

The city can bridge China and the world, adding value to every connection, but to deliver on this promise, it needs everyone on board.

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Artificial intelligence

Hong Kong to recruit AI chief by mid-2027, with confidence in local talent pool

Post will pay up to HK$278,200 per month, authorities reveal, adding they also understand public concerns over bolstering cybercrime laws.

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