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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Taxis drivers will benefit from the LPG subsidy, which starts on Sunday and ends on July 30. Photo: Sam Tsang
Hong Kong economy

Hong Kong to roll out 2-month LPG subsidy to ease burden on transport firms

LPG subsidy to take effect on Sunday and benefit operators of city’s 20,000 commercial transport vehicles, from taxis to school buses.

Hong Kong economy

Top industrialist Sunny Chai picked to head firm developing San Tin Technopole

Hong Kong economy

Lawmakers push for answers on spending for HK$9.96b project with fencing arena

Hong Kong science and tech

How Hong Kong’s first astronaut triggered a space education race

Lai Ka-ying’s selection spurs interest in aerospace and satellite-design courses at centre, as industry leaders call for blueprint.

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Astronaut Lai Ka-ying waves to onlookers earlier this week as she prepares to journey into space. Photo: Reuters
Astronaut Lai Ka-ying waves to onlookers earlier this week as she prepares to journey into space. Photo: Reuters
Hong Kong economy

Hong Kong firm that makes medical implants to expand into Central Asia

Koln 3D CEO Edmond Yau says company will expand research in Kazakhstan, explore Uzbekistan and consider setting up factory in the region.

Hong Kong economy

China Mobile plans fresh Central Asia link to Hong Kong submarine cable network

Telecoms giant’s announcement comes ahead of Hong Kong leader John Lee’s first official visit to Kazakhstan and Uzbekistan in early June.

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Hong Kong economy

Can Hong Kong airport’s Terminal 2 take off as 11 Skies, rivals pose challenges?

Experts say mixed-use complex must go beyond relying on passenger traffic and appeal to local market by matching offerings of city-centre malls.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Hong Kong economy

Private equity firm Templewater primed as Hong Kong deepens Central Asia ties

Chairman Cliff Zhang says company positioning itself as ‘superconnector’ to channel Middle East funds into emerging market amid volatility elsewhere.

Hong Kong society

Hong Kong’s first astronaut has done city proud but now what else is needed?

Steps needed to turn short-term excitement surrounding Lai’s Shenzhou-23 mission into long-term talent pipeline, academic says.

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Hong Kong economy

Game over? Shake-up proposed for Hong Kong internet cafes offering overnight stays

Authorities looking at two pathways to bring internet cafes under regulatory oversight, as some call for rethink to capitalise on esports boom.

In Hong Kong, internet cafe operators need a hotel or guest house licence to allow customers to stay overnight. Photo: Getty Images
Hong Kong transport

Exclusive | Hong Kong airport set for volume shift after flights rejigged amid fuel crisis

Some airlines say they will operate all scheduled flights beyond June after initial consolidation efforts to offset higher jet fuel prices.

According to data from analytics company Cirium, the aviation industry managed disruptions through capacity changes made months in advance rather than opting for last-minute cancellations. Photo: Elson Li
According to data from analytics company Cirium, the aviation industry managed disruptions through capacity changes made months in advance rather than opting for last-minute cancellations. Photo: Elson Li
Hong Kong economy

Hong Kong’s Paul Chan urges closer Europe ties, dialogue to work out differences

Finance chief says opportunities exist to tap city’s capital markets, while acknowledging concerns over trade imbalances.

Hong Kong transport

What to eat and buy at Hong Kong airport’s revamped Terminal 2

Passengers and visitors will find 25 shopping and dining options, including McDonald’s, Nap Tea and Imperial Patisserie.

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Hong Kong property

Hong Kong to see more mainland Chinese brands enter retail market, analysts say

In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland brands, according to JLL.

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Last year, Mao Geping Cosmetics opened its first outlet in Hong Kong at Harbour City in Tsim Sha Tsui. Photo: Li Cao
Hong Kong

Is Hong Kong following Beijing’s lead and ousting Western tech?

A task force is implementing domestic technology in the mainland Chinese public sector, while Hong Kong has no official related policy.

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A Microsoft logo is seen in Los Angeles, California. Photo: Reuters
A Microsoft logo is seen in Los Angeles, California. Photo: Reuters
Hong Kong society

Law change could require claw machines to display odds and licensee details

Home affairs minister Alice Mak says higher prize value and payouts will be considered but priority is protecting customers and preventing addiction.

Hong Kong transport

Revamped Terminal 2 to uplift Hong Kong’s aviation hub status: Airport Authority

Chairman Fred Lam describes facility as ‘milestone’ in airport’s development, prioritising efficiency and user experience.

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Banking & finance

Standard Chartered CEO apologises for ‘lower-value human capital’ remarks

Winters expresses regret for his choice of words describing how AI would replace some workers at the lender.

Standard Chartered CEO Bill Winters. Photo: Jonathan Wong
Standard Chartered CEO Bill Winters. Photo: Jonathan Wong
Hong Kong economy

K-pop stars BTS to hold 3 concerts at Hong Kong’s Kai Tak Stadium in 2027

Boy band will perform on March 4, 6 and 7 as part of their ‘Arirang’ world tour, with tickets to sell for up to HK$3,299 each.

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Hong Kong economy

Exclusive | Northern Metropolis industrial park draws ‘global interest’ from AI, green firms

Hung Shui Kiu Industry Park Company chairman Jeffrey Lam targets July 2027 launch as ‘gift’ for 30th anniversary of return to Chinese sovereignty.

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Hong Kong economy

Hong Kong trade office in London can continue ‘legitimate activity’: UK official

UK government resists calls to revoke Hong Kong trade office privileges after spy case, but insists it will act against any threat to security.

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The Hong Kong Economic and Trade Office building in London. Photo: Google Maps
International Property

AI boom fuels US$11.6b data centre investment surge in Asia-Pacific

Adoption remains selective as some landlords are still cautious, especially when tenant credit profiles are less established.

A data centre under construction in Sedenak Tech Park in Johor, Malaysia, Sept. 27, 2024. Photo: AP
A data centre under construction in Sedenak Tech Park in Johor, Malaysia, Sept. 27, 2024. Photo: AP
Mergers & Acquisitions

Li Ka-shing’s CK Hutchison rules out sale of Hong Kong supermarket ParknShop

Chain operator’s executive dismisses speculation of a tie-up, and praises staff amid an ‘extremely competitive environment’.

Hong Kong economy

Hong Kong’s Central Asia pivot aims to boost belt and road role, analysts say

Kazakhstan and Uzbekistan are logical destinations for city to pursue business opportunities amid geopolitical uncertainty, analysts say.

Hong Kong economy

Hong Kong minister touts gold as ‘bridge between conventional and new finance’

Treasury chief Christopher Hui also says city opted against separate regulatory authority for digital assets to support ‘convergence’.

A panel session on cryptocurrencies and digital assets is held at the Global Prosperity Summit. Photo: Karma Lo
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