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Hong Kong Economy

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Hong Kong housing
Hong Kong property
Tourism
Parallel trading
Hong Kong stock exchange
Hong Kong land sale
Property investment
A Panama court ruling has stripped the Hong Kong-based conglomerate’s subsidiary, Panama Ports Company of its right to operate the Balboa and Cristobal terminals. Photo: Reuters
Hong Kong economy

CK Hutchison faces limited legal options after Panama voids port rights: experts

Beijing will need to step in if the case is to be brought to an international court in The Hague, legal expert tells SCMP.

Hong Kong economy

Hong Kong tourism minister aims for more than 50 million visitors in 2026

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Hong Kong property

Soaring Hong Kong rents: tenants pay more – and fight for shrinking space

Hong Kong economy

Hong Kong’s spending should not grow faster than income: Paul Chan

Finance chief issues call ahead of expected budget speech on February 25, says local economy off to good start in 2026.

Paul Chan has noted that a stock market boom over the past year contributed to the government’s operating account returning to surplus in the 2025-2026 financial year. Photo: Jelly Tse
Paul Chan has noted that a stock market boom over the past year contributed to the government’s operating account returning to surplus in the 2025-2026 financial year. Photo: Jelly Tse
Hong Kong economy

Art storage companies expand in Hong Kong as government promotes sector

Crozier increases storage space by 50 per cent while local firm Eythos also growing amid government push to turn city into art trading hub.

Hong Kong economy

CK Hutchison tipped to sell remaining ports despite Panama court ruling: experts

But effort by billionaire Li Ka-shing’s conglomerate will still face scrutiny from Beijing and deal may be re-evaluated, analysts tell SCMP.

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Hong Kong economy

Hong Kong must keep cash buffer amid complicated geopolitics: Paul Chan

Finance chief also says city outperformed economic forecasts last year, thanks to strong exports to Southeast Asia.

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Hong Kong must maintain cash reserves to cope with geopolitical shocks, Paul Chan has said. Photo: Sam Tsang
Hong Kong must maintain cash reserves to cope with geopolitical shocks, Paul Chan has said. Photo: Sam Tsang
China property

Hang Lung flags ‘tough slog’ for property, looks to mainland malls for growth

Hong Kong developer says property segment recovery will be slow, but sees mainland retail and consumption offering the clearest upside.

Hong Kong economy

Hong Kong economy grows 3.5% in 2025, beating earlier forecasts

Advance figures also show GDP in fourth quarter of 2025 grew by 3.8 per cent year on year.

Banking & finance

HSBC suffers temporary system shutdown, stopping services in Hong Kong

The bank’s mobile app and in-person services at several branches were unavailable for up to several hours for some customers during the outage.

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Pedestrians walk past the lion statues outside HSBC’s Hong Kong headquarters in Central. Photo: Elson Li
Hong Kong economy

Beijing, Hong Kong slam Panama court ruling on CK Hutchison ports concession

Supreme Court rules port contract of firm’s subsidiary ‘unconstitutional’.

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Panama’s Supreme Court has ruled that the concession contract between the state and the Panama Ports Company, a CK Hutchison subsidiary, is unconstitutional. Photo: AFP
Panama’s Supreme Court has ruled that the concession contract between the state and the Panama Ports Company, a CK Hutchison subsidiary, is unconstitutional. Photo: AFP
Hong Kong economy

Hong Kong travellers continue to favour Japan despite geopolitical tensions

Flights from city to Japan remain unaffected while weaker currency is attracting Hongkongers to the popular destination.

Hong Kong economy

Hong Kong firm, Elior Group sign deal to set up aircraft dismantling centre

But project’s launch depends on availability of a separate plot for recycling fuselages.

Hong Kong economy

Pawsitively posh: Hong Kong Pet Show takes luxury to new heights

More than 1,000 exhibitors at Hong Kong Pet Show, with global pet economy on track to hit US$134.46 billion this year amid sustained growth.

A photo spot styled as an old-fashioned Hong Kong cha chaan teng at the show. Photo: Karma Lo
Hong Kong economy

Hong Kong workers lag regional peers in AI use, lose out on pay, security: PwC

PricewaterhouseCoopers survey finds half of Hong Kong workers use gen AI infrequently at work compared with 34 per cent for Asia-Pacific region.

The survey showed that only 19 per cent of local respondents attributed a salary increase to AI in the last 12 months, far below Asia-Pacific’s 46 per cent. Photo: Eugene Lee
The survey showed that only 19 per cent of local respondents attributed a salary increase to AI in the last 12 months, far below Asia-Pacific’s 46 per cent. Photo: Eugene Lee
Hong Kong economy

Ras Al Khaimah turns to Hong Kong to promote landmark UAE resort

Delegation promotes resort development – the UAE’s first casino project – to be operated under the brand of Hong Kong-listed Wynn Resorts.

Interest rates

HKMA warns of risks as Hong Kong follows Fed in keeping interest rate unchanged

Analysts see the first US rate cut in June, with a falling Hong Kong interbank rate set to bring relief to borrowers.

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Hong Kong property

Hong Kong logs US$37 million Admiralty office deal amid market recovery hopes

The sale follows a series of sizeable office transactions and a pickup in leasing, as investors reassess opportunities in Hong Kong.

Admiralty Centre: property agents point to improving sentiment in the commercial segment. Photo: Handout
Admiralty Centre: property agents point to improving sentiment in the commercial segment. Photo: Handout
Hong Kong economy

Vanuatu seeks Hong Kong’s regulatory expertise, woos investors and tourists

Prime Minister Jotham Napat calls visit ‘pivotal moment’ for bilateral relations, as delegation meets senior officials, including Chief Executive John Lee.

Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund reports record earnings in 2025

The Exchange Fund’s full-year earnings jumped 51 per cent to HK$331 billion (US$42 billion), from HK$218.8 billion in 2024.

Banking & finance

Hong Kong’s US$8 billion wealth fund eyes fintech, aerospace and AI for growth

The Hong Kong Investment Corporation will use the city’s advantages amid global competition, geopolitical challenges, CEO Clara Chan says.

The Hong Kong Investment Corporation made HK$2.34 billion in investment income in 2024, according to its annual report released in December. Photo: Jonathan Wong
Hong Kong property

Hong Kong home prices snap 3-year downturn as rents surge to a new high

The property market has turned a corner, buoyed by rate cuts, stock gains and talent schemes, analysts say.

The property market turnaround has set the tone for a broader rebound this year, analysts say. Photo: Sam Tsang
The property market turnaround has set the tone for a broader rebound this year, analysts say. Photo: Sam Tsang
Hong Kong property

Mainland Chinese investor snaps up Hong Kong luxury home for US$22 million

Mid-Levels West deal highlights continued strong demand for Hong Kong’s trophy homes, driven largely by mainland Chinese buyers.

Hong Kong tourism

Hong Kong Lunar New Year parade to feature Labubu, wishing tree on floats

Tourism Board says procession of 12 floats will feature dozens of performing groups, expects event to draw 100,000 people.

Hong Kong society

Hong Kong eyes bigger marathon with egg waffles and milk tea to cheer runners

Tourism chief Rosanna Law says government open to expanding Standard Chartered Hong Kong Marathon capacity or turning it into two-day event.

Athletes run along Island Eastern Corridor during the 10km race of the marathon. Photo: Eugene Lee
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