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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Property investment
The countdown event and light show on Charter Road are expected to draw large crowds of residents and tourists. Photo: Edmond So
Hong Kong economy

Hong Kong restaurants, bars gear up for packed 2026 countdown parties

Lan Kwai Fong’s restaurants and bars nearly 90 per cent booked, while seaview eateries in Kowloon could take a hit from cancelled fireworks show.

Hong Kong economy

All Hong Kong retail banks to offer anti-scam service, locking cash in accounts

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Hong Kong property

Hong Kong’s SHKP nudges up prices on latest Sierra Sea flats on offer

Hong Kong housing

Hong Kong private subsidised flat scheme suffers new blow as site reassigned

Tung Chung site, originally designated for Private Subsidised Sale Flat Pilot Scheme, will be handed over to Housing Society, authorities say.

A residential site in Tung Chung, originally designated for the Private Subsidised Sale Flat Pilot Scheme, will be handed over to the Hong Kong Housing Society. Photo: Sam Tsang
A residential site in Tung Chung, originally designated for the Private Subsidised Sale Flat Pilot Scheme, will be handed over to the Hong Kong Housing Society. Photo: Sam Tsang
Hong Kong economy

New Hong Kong industrial park eyes edge in smart manufacturing, Chinese medicine

Some industries have indicated interest in settling in Hung Shui Kiu, such as makers of environmentally friendly concrete, official says.

Hong Kong economy

Hong Kong authorities question World Bank’s ‘unfair’ business-ready grades

‘Some assessment results … differ from rankings and highly positive evaluations many other international organisations have given Hong Kong,’ Digital Policy Office says.

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IPO

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs

US firm, backed by Fosun and Tencent, expands research base in China as it develops an AI-powered drug-discovery tool.

Insilico is training and testing an AI-powered drug-discovery tool to enable faster, cheaper and more successful drug discovery. Photo: Handout
Insilico is training and testing an AI-powered drug-discovery tool to enable faster, cheaper and more successful drug discovery. Photo: Handout
Hong Kong economy

New approach to fast-track Hong Kong industrial park gets thumbs up from firms

New company to speed up work on 23-hectare park under Northern Metropolis project wins praise as ‘one-stop service centre’.

Hong Kong economy

Hong Kong to close Central roads from 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

Growth follows year-on-year increases of 17.5 per cent in October and 16.1 per cent in September.

Exports have registered double-digit increases since February this year. Photo: Sam Tsang
Hong Kong economy

Hong Kong sets up Hung Shui Kiu industrial park operator, sweetens land tender

Development Bureau says Hung Shui Kiu Industry Park Company will be fully operational by mid-2026, land tender with incentives to run for six months.

An aerial view of Hung Shui Kiu in Yuen Long, which forms a part of the Northern Metropolis. Photo: Eugene Lee
An aerial view of Hung Shui Kiu in Yuen Long, which forms a part of the Northern Metropolis. Photo: Eugene Lee
Hong Kong economy

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

But bar industry leader reports 10 per cent rise in local business due to festive mood and surge in visitors from Europe and the US.

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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Primary home sales are projected to reach 21,000 next year. Photo: Dickson Lee
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
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.

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.

The Greater Bay Area’s successful staging of the National Games has added momentum to calls for it to stage bigger events. Illustration: Lau Ka-kuen
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
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.

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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A street in Kamakura, in Japan’s Kanagawa prefecture, packed with tourists on December 17. Photo: Kyodo
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