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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Hong Kong stock exchange
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Tourism Board’s Mason Hung (in glasses) has said he hopes the event can foster a sense of renewal. Photo: Oscar Liu
Hong Kong economy

Hong Kong to close roads in Central at 2pm on New Year’s Eve ahead of countdown

Event at Chater Road pedestrian zone will feature music and light shows instead of fireworks following deadly Tai Po inferno.

Hong Kong economy

Hong Kong exports jump 18.8% in November, sharpest increase in 22 months

Hong Kong economy

Hong Kong government sets up non-statutory firm to run Northern Metropolis site

Hong Kong economy

Hongkongers make 2.73 million outbound trips over Christmas, up 11% from 2024

Bar industry leader says 10 per cent year-on-year increase in business recorded, thanks to vibrant festive atmosphere and notable rise in visitors from Europe and US.

Outbound travellers pack West Kowloon High Speed Rail Station during the Christmas holidays. Photo: Dickson Lee
Outbound travellers pack West Kowloon High Speed Rail Station during the Christmas holidays. Photo: Dickson Lee
Banking & finance

Hong Kong bond markets, yuan issuance to expand in 2026 under HKMA, SFC road map

HKMA and SFC blueprint to drive multicurrency issuance, with green finance and Bond Connect widening investor base.

Hong Kong property

Hong Kong primary home sales to see decade high as small flats perk up market

Attractive discounts, easing mortgage costs and policy support drive the market’s shift towards flats that cost below US$1.3 million.

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Hong Kong economy

Hong Kong finance chief upbeat about 2026 outlook on back of 3.2% growth

Paul Chan says Hong Kong will align with national development strategies, focusing on three growth engines: finance, innovation and technology, and trade.

Hong Kong’s IPO fundraising ranked first globally, exceeding HK$270 billion by mid-December. Photo: Nora Tam
Hong Kong’s IPO fundraising ranked first globally, exceeding HK$270 billion by mid-December. Photo: Nora Tam
Hong Kong science and tech

Hong Kong to launch ‘special channel’ for cross-border sensitive biological data

A ‘green channel’ and ‘white list’ system will allow samples and data to cross between innovation hubs in Lok Ma Chau and Shenzhen.

Hong Kong economy

Can Hong Kong mature as a wine hub? French vineyard owner calls for new focus

Seventh-generation winemaker Erwan Faiveley encourages city to up logistical and storage services during first post-Covid fact-finding trip.

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Greater Bay Area

Greater Bay Area assets poised to lead surge in China’s expanding C-REIT market

By the end of last month, China had nearly 80 C-REITs, raising a total of over US$28.3 billion, according to Cushman & Wakefield.

A view of skyscrapers from a pedestrian bridge in Shenzhen, the southern tech hub in Guangdong province. Photo: Xinhua
Hong Kong property

Hong Kong developers test ultra-luxury home demand with new launch on The Peak

As property prices stabilise and rents are on the rise, affluent buyers are being enticed with a fresh supply of high-end homes.

Wharf Holdings’ latest Plantation Road launch reflects how developers are encouraged by improved market sentiment, following a number of big-ticket transactions this year. Photo: Handout
Wharf Holdings’ latest Plantation Road launch reflects how developers are encouraged by improved market sentiment, following a number of big-ticket transactions this year. Photo: Handout
Hong Kong tourism

Hong Kong records 10% rise in festive period visitors as outbound trips surge 22%

Despite increase in tourists, merchants warn absence of New Year fireworks may impact visitor numbers and, in turn, the retail sector.

IOC

Greater ambition: how Hong Kong and bay area could host Asian Games, Olympics

The cooperation showcased by the co-hosted National Games has further fuelled calls to launch a bid to welcome the world.

Hong Kong economy

Hong Kong restaurant sales drop 10% over Christmas as cross-border trips spike

While restaurants struggle to attract diners, one hotel group says its properties recorded 90 per cent occupancy.

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Diners at a restaurant in Tsim Sha Tsui. The city recorded a 10 per cent drop in restaurant sales. Photo: Jelly Tse
Hong Kong economy

Architect of Hong Kong’s Octopus card retires with dreams of ‘tap-free’ access

Chief operations officer Sammy Kam and marketing director Rita Li look back on the highs and lows of their careers in a cutting-edge company.

Rita Li, the sales and marketing director for Octopus, and chief operations officer Sammy Kam hold up items of memorabilia at their office in Kowloon Bay. Photo: Edmond So
Rita Li, the sales and marketing director for Octopus, and chief operations officer Sammy Kam hold up items of memorabilia at their office in Kowloon Bay. Photo: Edmond So
Hong Kong

Hong Kong Christmas lighting designer still at it after 40 years

At 67, Terence Wong shows no signs of slowing down and speaks passionately about his craft, including his dazzling display at Mody Lane.

Hong Kong tourism

Japan popular with Hong Kong travellers over Christmas, Harbin gaining appeal

Despite row with China, Japan remains popular with Hongkongers, with mainland cities such as Harbin and Yunnan gaining appeal.

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Hong Kong tourism

Revellers pack into Hong Kong’s Central for Christmas photos, nightcap

Locals, tourists seek keepsake pictures under 20-metre Christmas tree as other revellers head for time-honoured drink in Lan Kwai Fong.

Colourful Christmas lights managed to attract photoseekers. Photo: Jonathan Wong
Colourful Christmas lights managed to attract photoseekers. Photo: Jonathan Wong
Hong Kong economy

Guest house rates hit 5-year high as tourists flock to Hong Kong for Christmas

But industry leader warns city’s image as tourist destination skewed by exorbitant rates of five-star hotels, while budget lodgings remain largely unknown.

Hong Kong society

Christmas Eve crowds gather in Hong Kong but festive atmosphere ‘more subdued’

Families at the Tsim Sha Tsui waterfront say celebrations are more muted this year after the deadly Tai Po fire last month.

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Hong Kong economy

Hong Kong opens bid for next Kai Tak Cruise Terminal operator with stricter KPIs

New term set to begin on June 1, 2028, with the winning bidder set to manage the facility for 10 years, with a possible five-year extension.

The Ovation of the Seas ship docks at the cruise terminal in October. Photo: Dickson Lee
Hong Kong tourism

Japan loses out as Hongkongers pick South Korea, mainland China this Christmas

‘The main reason is that Japan has experienced several incidents … including bear attacks and earthquakes,’ Travel Industry Council says.

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Around 1,500 outbound tours are expected to depart the city this Christmas. Photo: Dickson Lee
Around 1,500 outbound tours are expected to depart the city this Christmas. Photo: Dickson Lee
Retailing

‘C-beauty’ cosmetics brands find retail expansion outside China a slow slog

‘For established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages,’ CLSA’s Chris Gao says.

Swire Group

Swire Pacific’s Guy Bradley to lead Hong Kong’s Cathay Pacific, Swire Coca-Cola

Bradley succeeds Patrick Healy, who will retire from the Swire Group in May next year after over three decades of service.

Hong Kong property

Hong Kong luxury flat sells for US$28.9 million in latest high-end property deal

The Mont Verra flat has four rooms with a total saleable area of 4,332 sq ft, translating to a price of HK$51,939 per square foot.

A general view of Mont Verra in Kowloon Tong. Photo: May Tse
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