https://www.scmp.com/rss/522874/feed The latest news and top stories on Vera Yuen Wing-han, a market commentator. She is a Lecturer in Economics at the University of Hong Kong, having previously held teaching positions at Hong Kong Baptist University and HKUST. Her expertise spans public policy, housing, social welfare and political economy. She is known for her commentary on developer debt, property values, and the impact of emigration on Hong Kong’s financial sector. A recipient of the Chang Kuo-sin Award for Young Aspiring... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ambrose Li,Oscar Liu Ambrose Li,Oscar Liu Inside a massive retail and office complex called 11 Skies next to Hong Kong International Airport, all 800 shops sit vacant and only two of 120 food outlets were open earlier this month. They were supposed to begin operating in the 3.8 million sq ft development – equivalent in size to about 53 football pitches – by last year. A recent South China Morning Post visit to 11 Skies found it largely empty, with areas cordoned off and store spaces boarded up with hoardings featuring adverts for the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3354808/can-hong-kong-airports-terminal-2-take-11-skies-rivals-pose-challenges?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3354808/can-hong-kong-airports-terminal-2-take-11-skies-rivals-pose-challenges?utm_source=rss_feed Tue, 26 May 2026 00:30:05 +0000 Ng Kang-chung Ng Kang-chung Hong Kong’s smaller grocers are bracing for pressure amid a fresh wave of price cuts by supermarkets and big retail chains, but some economists say their “neighbourhood connection” could help them stay afloat. A lawmaker also said it was unlikely the big local chains would monopolise the market citing strong competition from online shopping platforms. The latest price war erupted ahead of Mother’s Day on Sunday, with CK Hutchison-backed ParknShop and Jardine Matheson’s Wellcome each offering 12... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353063/small-grocers-neighbourhood-links-can-help-them-beat-price-war-experts-say?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3353063/small-grocers-neighbourhood-links-can-help-them-beat-price-war-experts-say?utm_source=rss_feed Sun, 10 May 2026 14:18:22 +0000 Oscar Liu Oscar Liu Prediction market platforms offering diverse gambling options and attractive odds are surging in popularity, observers have said, warning about payout risks amid Hong Kong authorities halting plans to legalise basketball betting. They also said on Tuesday that Hong Kong residents who took part in these platforms, which use cryptocurrency for transactions, could be breaking gambling laws while facing unregulated contract disputes with the events they bet on. On Monday, authorities announced the... https://www.scmp.com/news/hong-kong/society/article/3350014/crypto-based-prediction-markets-popular-risky-hong-kong-users-experts?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3350014/crypto-based-prediction-markets-popular-risky-hong-kong-users-experts?utm_source=rss_feed Tue, 14 Apr 2026 07:21:00 +0000 Emily Hung Emily Hung John Hau, a 66-year-old Hongkonger, was frustrated by the government’s decision to revamp the HK$2 (26 US cents) transport subsidy scheme. The discount allowed him to pay just HK$4 to make the round-trip rail commute from his home in Sham Shui Po in Kowloon to Wan Chai on Hong Kong Island, where he works as a security guard at a hotel. From Friday, he will need to pay an extra HK$1.20, an amount that does not bother him financially but emotionally. “The impact on my finances is not substantial,... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348712/will-coming-changes-hk2-transport-scheme-hurt-working-elderly-most?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348712/will-coming-changes-hk2-transport-scheme-hurt-working-elderly-most?utm_source=rss_feed Thu, 02 Apr 2026 02:00:14 +0000 Jiang Chuqin,Ambrose Li Jiang Chuqin,Ambrose Li Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In the second of a two-part series, the Post looks at how operators are bucking the trend to thrive and survive. Read part one here. Shortly after Italian chef Stefano Rossi opened his restaurant in one of Hong Kong’s poorest neighbourhoods, he began to worry he had bitten off more than he could chew. The restaurant, tucked away in a corner... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3322568/hong-kong-recipe-beat-restaurant-crisis-clever-concepts-cheaper-meals?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3322568/hong-kong-recipe-beat-restaurant-crisis-clever-concepts-cheaper-meals?utm_source=rss_feed Thu, 21 Aug 2025 00:30:06 +0000