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

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.

Artificial intelligence

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

Hong Kong housing

Anxiety, depression plague up to 66% of Hong Kong subdivided flat tenants: NGO

Hong Kong politics

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.

Baiterek Tower in Astana, the capital of Kazakhstan. Hong Kong leader John Lee will lead a delegation to Kazakhstan and Uzbekistan early next month to explore new business opportunities in Central Asia. Photo: Getty Images
Hong Kong society

Editorial | Compliance matters for social acceptance of pet-friendly restaurants

How the scheme turns out will have a big impact on its adoption. The reality is that having dogs in restaurants is not everyone’s cup of tea.

Hong Kong tourism

Opinion | Hong Kong’s tourism rebound needs new measures of success

Rather than count footfall and events, the city should focus on spending and impact, plan district tourism seriously and work on new assumptions.

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Gold in Hong Kong

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
Insurance

Opinion | How war-risk marine insurance can set Hong Kong apart

Marine insurance is part of the power structure in global shipping. It reveals a real gap China still faces, which Hong Kong can fill.

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Hong Kong workers/labour rights

Letters | Hong Kong must match worker to job. More training is not enough

Readers call for the introduction of professional career coaching, a flexible ride-hailing framework, and more creativity for local restaurants.

Paul Chan

Hong Kong’s market surge drives ‘fear of missing out’ among French investors

Finance chief Paul Chan says shift fuelled by city’s strong market performance and improved geopolitical situation, especially after Xi-Trump summit.

Hong Kong Financial Secretary Paul Chan (right) meets local banking and finance leaders in Paris. Photo: Handout
John Lee

Exclusive | Kazakhstan to deepen financial services cooperation with Hong Kong, consul says

Envoy Bauyrzhan Dosmanbetov attributes growth of local Kazakhstani community to Belt and Road Scholarship programme launched in 2016.

A light rail train on the first day of operations in Astana, Kazakhstan, in mid-May. Photo: Handout
Central Asia

Editorial | Central Asia trip will open new horizons of prosperity for Hong Kong

After years of promoting the city in the Middle East and Southeast Asia, it is sensible for city leaders to look to Central Asia.

Hong Kong environmental issues

Visitor quotas needed to protect country parks, 4 trails challenge founder says

Andre Blumberg, who created 298km ultra-marathon, says recent scenes of overcrowding in country parks left him feeling ‘quite disturbed’.

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Hong Kong transport

MTR Corp on track with new Tung Chung West station

MTR Corporation says it will complete tunnel boring by September.

Construction works on the western section of the Tung Chung Line Extension on Tuesday. Photo: Karma Lo
Hong Kong property

‘Aggressive pricing’: Able Engineering tops titans’ bids in Hong Kong land sale

Able Engineering outperforms analyst forecasts to secure a residential parcel that can fit nearly 1,000 units, and the win is seen reflecting rising confidence in the sector.

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The Tung Chung New Town Development is seen in 2024. Photo: Jelly Tse
Hong Kong transport

Ride-hailing licence cap ‘must strike a balance’ in Hong Kong, John Lee says

Chief Executive says unique local conditions and passenger experience will determine city’s ride-hailing cap.

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John Lee

John Lee to visit Kazakhstan, Uzbekistan, taking largest-ever delegation overseas

Chief executive will lead a group of more than 60 businesspeople from Hong Kong and mainland China to Central Asian countries.

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Hong Kong environmental issues

Opinion | Mass tourism is not ecotourism. Hong Kong must do better on this soon

The Yangtze’s turnaround was made possible by the political will to resist economic pressure. Hong Kong should implement similar principles.

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Tourists enjoy hotpot on the beach at Ham Tin Wan on May 2, during the Labour Day “golden week” holiday. Photo: Edmond So
Switzerland

Hong Kong finance chief woos French wealth managers as European tour starts

Paul Chan, who arrived in Paris on Monday, met representatives of French asset management association and think tank Asia Centre in Paris, sources say.

Hong Kong healthcare and hospitals

Editorial | Hong Kong shares its public health bona fides with global investors

For a city with a strong reputation for reinvention, focusing on medical technology is a logical step for economic growth and patient care.

Hong Kong society

Hong Kong’s dog-friendly restaurant scheme receives 700 applications on first day

Restaurants rush to apply, with 70 per cent of 1,000 first-phase licences filled ahead of expected July roll-out.

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Hong Kong’s dog-friendly dining scheme got off to a strong start with 700 applications for licences on the first day. Photo: Dickson Lee
Hong Kong transport

‘Several thousand’ ride-hailing licences won’t cover demand, advisory panel says

Transport Advisory Committee chairman says he expects initial level to be ‘somewhere around 10,000’ vehicle licences.

Taxi drivers are worried that ride-hailing platforms will take away their business. Photo: Edmond So
Hong Kong national security law

Hong Kong earmarks additional HK$5 billion for national security

Fresh allocation brings total funding to HK$18 billion over five years.

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Hong Kong politics

Opinion | Why set a limit for Hong Kong’s ride-hailing services?

The administration’s views on how to best regulate ride-hailing are mostly sound, with one glaring exception.

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Hong Kong

Hung Shui Kiu industrial park operator eyes bond issuance, tax cuts for firms

Incoming chairman Jeffrey Lam outlines park’s financing and offerings, says operator will first rely on government’s HK$10 billion injection.

Members of the media are given a preview of the Hung Shui Kiu/Ha Tsuen new development area. Photo: Elson Li
Paul Chan

Hong Kong’s Paul Chan is heading to Europe. So what’s on the itinerary?

Finance chief’s trip announced on Sunday and follows easing of tensions after US President Donald Trump visited mainland China.

Financial Secretary Paul Chan’s trip will take him to Paris, Brussels and Zurich. Photo: Handout
Hong Kong

How can Hong Kong seize opportunities as US-China relations stabilise?

InvestHK chief says city must adapt to changing international order while chamber boss suggests firms build cross-regional strategies.

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Crime in Hong Kong

Hong Kong’s MPF authority flags fraudulent certificates in early pension payouts

Medical groups alert police over suspected fake certificates using doctors’ details to support early pension withdrawals on health grounds.

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