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Hong Kong economy

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Hong Kong economy
Breaking news and analysis on Hong Kong's economy and the companies that operate in the city, including its GDP, economic outlook, impact of the coronavirus outbreak, macroeconomic indicators, the local government finance and budget, retail sales, consumption, employment and monetary policy.
Hong Kong’s stablecoin initiative is part of efforts to become a global digital-asset hub. Photo: Getty Images
Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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Hong Kong tourism

6.5 million people to pass through Hong Kong borders during coming holiday

Japan

Hong Kong exporter confidence falls at steepest rate in 2 years

China travel

Amid soaring airfares, Chinese bookings up 20% ahead of Ching Ming holiday

Global instability fails to deter Chinese holidaymakers with airlines selling 2.04 million tickets in the lead-up to Ching Ming Festival.

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A China Eastern Airlines flight takes off from an airport in Shanghai. Demand for flights over the upcoming Ching Ming Festival holiday remains robust in China despite soaring airfares. Photo: Xinhua
Banking & finance

Opinion | Dubai’s loss could be Hong Kong’s gain, but only if city is ready

The case for Hong Kong as a recipient of displaced Gulf wealth is sound but the city must ensure it has the capacity to absorb new capital and talent.

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Hong Kong

Hong Kong’s IP hub ambitions require sustained investment, coordination: experts

‘IP is not just a character. It is a whole ecosystem, from content to merchandising, events and tourism,’ industry veteran says.

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Hong Kong International Airport

Editorial | Restriction on power banks on flights should not have come as a surprise

Limiting power banks to two in hand luggage comes after worrying fires on board. However, passengers would have benefited from more advance notice.

Airport Authority security check officers scan passenger baggage at Hong Kong International Airport in Chek Lap Kok on March 29. Photo: Edmond So
Hong Kong society

Letters | BMI a starting point, not whole story, of Hong Kong’s weight management plan

Readers discuss the government’s weight management action plan, and the changes to the HK$2 fare concession scheme.

Hong Kong politics

New constitutional affairs chief Janice Tse to lead Hong Kong’s first 5-year plan

Former environment permanent secretary appointed to post after city leader John Lee nominated her, citing Tse’s 38 years in government.

US, Israel war on Iran

Hong Kong on ‘yellow alert’, Kadoorie says, as Middle East war fuels oil crisis

CLP Power chairman Michael Kadoorie says Hong Kong’s electricity supply steady for now and touches on question of his retirement.

CLP Group chairman Michael Kadoorie (left) and non-executive director Philip Kadoorie. Photo: Karma Lo
Food and Drinks

Hong Kong restaurateurs revamp traditional dining as closures reshape industry

Shifting dining habits and cross-border competition are forcing legacy brands like Maxim’s to reinvent themselves to stay relevant.

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Martin Lee, chief operating officer for Chinese and Western restaurants at Maxim’s Group, says challenges facing the sector are opportunities for innovation. Photo: Edmond So
Hong Kong tourism

Opinion | Hong Kong must factor community needs into marina development

As the government pursues its yacht tourism ambitions, it should ensure projects such as the one in Aberdeen benefit locals and visitors alike.

Low-altitude economy

Opinion | Can Hong Kong hitch a ride on China’s commercial aerospace wave?

The city can play to its existing strengths and become the premier service, financing and governance platform for the nation’s space‑related services.

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Hong Kong society

MPF authority to propose 2-tier surcharges for late employer contributions

Only one in six bosses in Hong Kong settled arrears within the prescribed two-week deadline, authority says.

People cross the street at Central, Hong Kong’s premier business district. Photo: Dickson Lee
Hong Kong society

Dedicated Northern Metropolis laws may speed up projects by 1 year, minister says

Development chief Bernadette Linn also says authorities preparing to increase residential component of some sites.

The Hung Shui Kiu/Ha Tsuen New Development Area in Tuen Mun. Photo: Eugene Lee
US, Israel war on Iran

Hong Kong remains stable as oil prices surge amid Middle East turmoil: Paul Chan

Finance chief says city’s service-led economy helps buffer short-term impact of conflict, while vowing to monitor energy volatility.

Hong Kong science and tech

Hong Kong breaks ground on Northern Metropolis data centre to power AI push

Tech chief Sun Dong says project will further solidify city’s leading position as data connectivity hub linking China and the world.

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Hong Kong science and tech

Why SD cards and hard drives are the new ‘digital gold’ in Hong Kong

Hongkongers find prices of professional-grade storage devices are going through the roof.

The prices of professional-grade storage devices are on the rise. Photo: Jelly Tse
Artificial intelligence

Video | Why your hard drives and SD cards just got more pricey

AI boom pushes makers to prioritise industrial-grade uses, leaving Hong Kong consumers paying more for basic storage.

Art Basel

How Art Basel Hong Kong is fuelling the Greater Bay Area’s cultural ambitions

Hong Kong, Macau and Shenzhen are lavishing money on art venues and shows, but can really this buy them lasting cultural capital?

China-Latin America relations

China denies retaliating against Panama ships, accuses Washington of canal grab

US body says Beijing’s inspections of Panama-flagged ships exceed historical norms and may be reprisals over ousted Hong Kong operator.

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People work on a construction project at the Port of Balboa, managed by Hong Kong’s CK Hutchison Holdings, at the entrance to the Panama Canal in February. Photo: AFP
Hong Kong transport

Lawmakers concerned over lack of parking at Huanggang border checkpoint

Hong Kong authorities plan to find a nearby site for parking and provide shuttle buses to the checkpoint building.

Work continues at the revamped Huanggang border crossing building. Photo: Edmond So
Greater Bay Area

Beijing official visits Greater Bay Area cities to explore integrating Hong Kong

Hong Kong and Macau Affairs Office says its director, Xia Baolong, visited Guangzhou, Zhaoqing, and Foshan this week.

Hong Kong politics

Singapore to explore Northern Metropolis opportunities: Lawrence Wong

City state’s leader says relations with Hong Kong ‘more important than ever’ amid fragmenting world.

Hong Kong transport

Tender deadline for Hong Kong’s Kai Tak Cruise Terminal extended by 1 month

Submission deadline pushed back following requests from prospective bidders for more time to prepare for expanded scope and KPIs.

Kai Tak Cruise Terminal. Photo: Edmond So
Hong Kong Top Talent Services Association

Hong Kong must look beyond mainland China talent to stay global, experts say

Under top talent scheme, authorities have approved 126,942 applications since 2023, with 94.5 per cent – or 120,009 – coming from mainland China.

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Visitors at the CareerConnect Expo, part of the Global Talent Summit Week organised by Hong Kong Talent Engage, at the Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: Karma Lo
Hong Kong

Should Hong Kong be using ‘war chest’ firepower for Northern Metropolis?

Rare HK$150 billion transfer from the Exchange Fund has sparked fierce debate.

Hong Kong culture

Editorial | Hong Kong’s celebration of art and culture sends a powerful message

At a time of geopolitical complexity, Art Basel opens in a city nurturing local artists, collaborating with international institutions and fostering understanding.

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