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Hong Kong Economy

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Hong Kong property
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Kam Sheung Road MTR station. The railway operator received eight bids for a key project in the area, which is part of the Northern Metropolis development. Photo: Google Maps
Hong Kong property

Hong Kong’s Northern Metropolis gains momentum as key project attracts 8 bids

The second phase of the Kam Sheung Road station project is estimated at about HK$5.7 billion, according to an analyst’s forecast.

Hong Kong tourism

Mainland Chinese to make 980,000 inbound trips to Hong Kong for Labour Day break

Hong Kong economy

Hong Kong launches SkyCity marina project to drive tourism and yacht economy

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Hong Kong economy

Exclusive | Pfizer, Amgen among 22 majors spreading wings in Hong Kong under investment push

Sixth batch under OASES initiative also features Boehringer Ingelheim, Hengrui and Haya, with Didi and AutoFlight joining transport push.

Pfizer is among 22 strategic enterprises planning to open or expand offices in Hong Kong, the SCMP has learned. Photo: Reuters
Pfizer is among 22 strategic enterprises planning to open or expand offices in Hong Kong, the SCMP has learned. Photo: Reuters
Hong Kong property

‘Kidults’ and nostalgia drive Toys ‘R’ Us pivot as Hong Kong retail evolves

The retailer is refining its operations with smaller outlets and lifestyle products to capture new demand from Gen Z and young adults.

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.

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Hong Kong sports

Hong Kong Sevens a treat for fans but local restaurants hungry for more trade

Over three action-packed days of rugby, a record 113,000 fans pass through the turnstiles.

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Fans are in high spirits in a packed South Stand. Photo: Elson Li
Fans are in high spirits in a packed South Stand. Photo: Elson Li
Hong Kong economy

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

Finance chief says ‘strategic enterprises’ are in high-growth sectors, including life and health technology, low-altitude economy and AI, among others.

Hong Kong economy

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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Banking & finance

Hong Kong wants to be a global gold vault. Does the Iran war create an opening?

Geopolitical risk is driving a rethink of where bullion is stored – and Hong Kong’s unique status is drawing attention.

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The Hong Kong Gold Exchange kicking off the Year of the Horse with its traditional Chinese New Year opening ceremony in Sheung Wan. Photo: SCMP
Hong Kong economy

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
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 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 economy

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.

Cathay Pacific

Cathay Pacific, HK Express passenger counts rise despite impact of Mideast war

Group attributes growth to spate of mega-events in city, such as Art Basel and Hong Kong International Jewellery Show.

A Cathay Pacific Airways plane approaches Hong Kong International Airport. Photo: Eugene Lee
Hong Kong economy

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
Pub-goers enjoy a few drinks in Lan Kwai Fong ahead of this weekend’s rugby. Photo: Sam Tsang
Hong Kong economy

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 economy

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.

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Hong Kong property

Futu Securities opens coffee shop as it adapts to changing client ‘lifestyles’

Japanese fashion retailer Uniqlo as well as online brokerage Longbridge have also launched cafes in their outlets.

The Futu Securities branch in Causeway Bay is seen in this picture dated October 18, 2024. Photo: Jonathan Wong
The Futu Securities branch in Causeway Bay is seen in this picture dated October 18, 2024. Photo: Jonathan Wong
Hong Kong economy

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.

Hong Kong society

Exclusive | Jockey Club to channel HK$1 billion basketball betting investment into football

Source says club’s main concern is illegal wagering and that it will work with government to solve crisis over basketball betting pause.

Hong Kong economy

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 economy

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

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 tourism

Hong Kong Sevens attendance to be unaffected by war in Middle East: organiser

Hong Kong China Rugby executive says flagship sports tournament continues to draw strong international interest.

Hong Kong economy

Hong Kong insurance complaints body records 857 cases last year, up 33% from 2024

Most disputes were medical and travel cases, according to Insurance Claims Complaints Panel.

Last year’s 857 new complaint cases mark an increase of about 33 per cent from the 646 recorded in 2024. Photo: Getty Images
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