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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Finance minister Paul Chan revealed the cover of Hong Kong’s annual budget in his weekly blog. Photo: Handout
Hong Kong economy

Hong Kong budget must be ‘prudent’, balance social needs and reserves: Paul Chan

Finance chief also reveals purple cover of coming 2026-27 budget, saying it symbolises Hong Kong’s economic growth amid external volatility.

Gold in Hong Kong

Investment gold retailers move into vacant Hong Kong high-street shops

Hong Kong budget 2026-27

Hong Kong budget 2026-27: what’s holding back the city’s tech and talent schemes?

Hong Kong economy

New US 10% global tariff will have ‘limited impact’ on Hong Kong: treasury chief

Christopher Hui cites city’s service-dominated economy as buffer and says US move highlights Hong Kong’s safe haven status.

The container terminal at Tsing Yi. Treasury chief Christopher Hui says the new US tariff underscores the importance of predictability in investment. Photo: Dickson Lee
The container terminal at Tsing Yi. Treasury chief Christopher Hui says the new US tariff underscores the importance of predictability in investment. Photo: Dickson Lee
Hong Kong economy

Hong Kong budget 2026-27: ‘sweeteners’ for grass roots or the middle class?

Debate grows in the wake of finance chief’s projection that city will achieve early operating account surplus after three-year deficit.

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Hong Kong economy

Hong Kong’s jobless rate edges up to 3.9%

But authorities remain optimistic, saying growing economy will support labour market going forward.

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Hong Kong property

Hong Kong’s property market to build on gains in the Year of the Horse: agents

Overall property transactions in the Year of the Snake totalled 87,506 valued at about US$86.8 billion, according to the Land Registry.

A general view of residential buildings in Cheung Sha Wan. Photo: Eugene Lee
A general view of residential buildings in Cheung Sha Wan. Photo: Eugene Lee
Hong Kong tourism

Hongkongers make 1.4 million outbound trips over Lunar New Year break

Local tourism sector reports modest gains this year despite nearly 13 per cent drop in mainland Chinese arrivals from pre-pandemic levels.

Hong Kong budget 2026-27

What’s at stake for Hong Kong as reflected in budget 2026-27?

Analysts are upbeat amid city’s booming IPO sector and thriving financial market, but warn of geopolitical headwinds.

Banking & finance

HK$10,000 bonus, extra day off: Hong Kong banks reward staff returning to work

Bank of China (Hong Kong) is giving away hampers, ZA Bank is paying a HK$10,000 bonus, while HSBC and Hang Seng are offering HK$500.

Banks in Hong Kong are offering generous return-to-work lai see packets and gifts to their employees. Photo: Jelly Tse
Hong Kong tourism

Hong Kong hotels, tourist-area eateries report brisk trade over Lunar New Year

Locals left city in droves from February 13 to 18, with residents making 2.5 million journeys out, compared with 1 million tourist arrivals.

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Crowds of travellers at the Shenzhen Bay Bridge border crossing on Thursday. Photo: Dickson Lee
Crowds of travellers at the Shenzhen Bay Bridge border crossing on Thursday. Photo: Dickson Lee
Hong Kong economy

Crowds continue to flood Hong Kong attractions despite outbound travel surge

Popular spots across city continue to draw large festive crowds, even as data shows nearly 16 per cent rise in net outflow during holiday period.

Hong Kong economy

How Guangdong drivers are celebrating Lunar New Year in Hong Kong

‘I’m a fan of Hong Kong’s car culture, so I wanted to see how local owners modify their vehicles and chat with them about cars,’ one visitor says.

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Hong Kong society

Hong Kong’s Lunar New Year fireworks dazzle as visitor numbers gallop ahead

City leader John Lee vows to carry out reforms at full speed, says to public ‘let’s march forward bravely and confidently together’ in new year.

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Spectators get a prime view of the fireworks from the Tsim Sha Tsui waterfront. Photo: Jonathan Wong
Hong Kong society

Tens of thousands line streets for Hong Kong’s Lunar New Year night parade

Float parade to mark start of the Year of the Horse begins with an East-meets-West street party.

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The Cathay International Chinese New Year Night Parade in Tsim Sha Tsui on Tuesday evening. Photo: Jonathan Wong
The Cathay International Chinese New Year Night Parade in Tsim Sha Tsui on Tuesday evening. Photo: Jonathan Wong
Hong Kong economy

How Hong Kong will signal gallop towards prosperity with Lunar New Year fireworks

As the city prepares to welcome the Year of the Horse, the SCMP takes a look at the highlights of the spectacle and where best to watch it.

Hong Kong tourism

Few signs of littering as Hong Kong campsites fill up for Lunar New Year break

Following previous complaints, government has vowed to take a more proactive approach to tackle littering at sites this year.

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Hong Kong property

Kerry Properties secures Hong Kong’s latest residential plot for US$177 million

Kerry beat seven bidders for the rights to develop a residential project on the 1,349-square-metre parcel in the Eastern district.

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View of the former Shau Kei Wan Market at Shau Kei Wan Main Street East. Kerry Properties won the tender for the residential site on Monday. Photo: Edmond So
View of the former Shau Kei Wan Market at Shau Kei Wan Main Street East. Kerry Properties won the tender for the residential site on Monday. Photo: Edmond So
Hong Kong economy

Hongkongers make 1.4 million outbound trips ahead of Lunar New Year

Longer holiday, Valentine’s Day overlap drive 21.6 per cent increase in outbound trips from 2025.

Hong Kong housing

New think tank launched to bridge talent gap in Hong Kong studies

Hong Kong Future Economy Institute’s director says focus on global topics at local universities has led to fewer people researching pressing local issues.

Hong Kong economy

Early flower blooms in warm weather add to sellers’ woes at festival fairs

Temperatures aside, vendors say competition from rivals over border and poor economy have dampened consumer spending.

Flowers for sale at Victoria Park. “Winter has become like summer, which is not a good phenomenon for flowers or farmers,” says Li Wing-keung, director of Keung Kee Garden. Photo: Dickson Lee
Hong Kong tourism

Hong Kong visitor arrivals off to strong start in 2026, up 9.6% to 7.23 million

Financial Secretary Paul Chan says 1.43 million mainland Chinese visitors expected during Lunar New Year holiday, up 6 per cent from last year.

Financial Secretary Paul Chan visits the Lunar New Year flower market at Victoria Park on Valentine’s Day. Photo: Handout
Financial Secretary Paul Chan visits the Lunar New Year flower market at Victoria Park on Valentine’s Day. Photo: Handout
Hong Kong economy

From fireworks to racing, how Hong Kong is celebrating the Year of the Horse

Here is your guide to events beginning on February 17 ushering in the new year.

International Property

Year of the Horse kicks off with property mega-deals returning to Asia-Pacific

Large institutional capital is flowing back into Asia-Pacific property, with offices, retail and hotels leading early recovery signs.

Hong Kong economy

Flower sales in Hong Kong bloom as Valentine’s Day shoppers splash out on gifts

Some vendors at Mong Kok Flower Market say sales up 20 per cent as shoppers pack area.

Bouquets on display at the Flower Market in Mong Kok. Photo: Dickson Lee
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