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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.
A view of the Hong Kong harbour. Lawmakers have called for the city’s two ferry terminals to be merged to optimise capacity. Photo: Elson Li
Hong Kong

Merge Hong Kong’s 2 cross-boundary ferry piers to optimise capacity: lawmakers

Such a move could cater to rising demand from luxury yachts, they say, as ferry terminals record 6.5 per cent drop in passenger numbers in 2025.

HKEX

Hong Kong eyes Central Asian listings as HKEX CEO pitches city’s deep liquidity

Hong Kong aviation

Editorial | Terminal 2 relaunch a global aviation hub milestone for Hong Kong

Hong Kong transport

Ride-hailing cap of 10,000 ‘prudent’ start for Hong Kong, transport chief says

Mable Chan says government will dynamically adjust quota based on operational data, but she stops short of setting time frame for review.

The government has announced a quota of 10,000 permits for ride-hailing operators. Photo: Jelly Tse
Hong Kong transport

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.

Northern Metropolis

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

Chai to step down as science park chairman next month before taking on role at new company steering development of innovation and technology hub.

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Hong Kong property

Hong Kong home prices reach 30-month high, while rents set another record

Analysts expect home prices in both primary, secondary markets to continue increasing this year as the city’s real estate recovers.

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The skyline of Hong Kong viewed from Victoria Peak. Photo: Eugene Lee
Northern Metropolis

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

Development chief Doris Ho defends massive project cost, saying government has already pushed for further money-saving measures.

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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Hong Kong

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.

(From left) HKU professor of dentistry Richard Su, associate professor of orthopaedics Christian Fang, Koln 3D CEO Edmond Yau and consultant Yip Pui-pui, showing some of the medical technology firm’s products. Photo: Jonathan Wong
Hong Kong

CLP Power to raise electricity price for third straight month in June

Hong Kong’s main power supplier increased its fuel cost charge to 42.6 HK cents per unit of electricity, up 5.4 per cent from May.

A view of the Sham Shui Po cityscape at night. Photo: Eugene Lee
Hong Kong society

Hongkongers stuck for hours, as 673,000 return via land checkpoints after holiday

Residents returning from mainland China after Buddha’s Birthday long weekend get caught in long, winding queues and jam-packed checkpoints.

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John Lee

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.

Tourism

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
Paul Chan

Editorial | Paul Chan’s trip just one step in strengthening relations with Europe

Hong Kong must continue to build on the finance secretary’s visit to highlight the city’s financial strengths and ease concerns over money laundering.

Financial Secretary Paul Chan Mo-po walks down a street in Paris. Photo: Handout
John Lee

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

Opinion | Northern Metropolis is Hong Kong’s chance to show the best of urbanism

Hong Kong has an opportunity to affirm that, rather than being opposites, technological advancement and human-centric design go hand in hand.

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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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Lai Ka-ying (centre) with fellow astronauts Zhu Yangzhu (left) and Zhang Zhiyuan train ahead of their mission. Photo: Handout
Alice Mak Mei-kuen

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.

Hong Kong stock market

US$32b worth of Hong Kong assets involved in transborder trade crackdown: Citic

The assets involve a crackdown on Futu, Tiger Brokers and Long Bridge for offering mainland Chinese investors access to unlicensed trading.

Hong Kong environmental issues

Opinion | Hong Kong can empower commuters by embracing e-bikes

New bike lanes, charging hubs and feeder routes to MTR stations would make less accessible areas of the New Territories more desirable.

A worker collects shared bikes in Tseung Kwan O on May 8. Photo: Elson Li
Paul Chan

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.

Finance chief Paul Chan (right) holds talks with the European Commission’s Alexandra Jour-Schroeder (second left) in Brussels. Photo: Handout
Hong Kong

Opinion | Hong Kong is the best anchor for Chinese firms seeking global waters

As a gateway to international success, Hong Kong can help mainland firms clear barriers from intellectual property trust to capital efficiency.

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Hong Kong society

Bun king and queen scramble to victory once again at Cheung Chau festival

Kwok Ka‑ming wins the men’s crown for the 11th time while Janet Kung also successfully defends her title.

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Hong Kong society

Hong Kong villager steps up ‘adopt a tree’ bid amid Northern Metropolis evictions

Ken Mak says he wants to save decades-old trees planted by his grandfather from ‘being crushed to death by excavators’.

Ken Mak (left) and father Johnny Mak at Yick Yuen Village. Photo: Edmond So
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
Jewellery

Spirited bidding, rare gems: inside Hong Kong’s jewellery auction revival

Fierce bidding drove record jewellery auction results last year, with Cartier and Van Cleef & Arpels on the block – and spring 2026 is following suit.

Hong Kong society

Opinion | Hong Kong can turn Hung Shui Kiu into a northwest stronghold

Taking an industry-first approach to the new town in Hung Shui Kiu represents an important shift in Hong Kong’s urban planning.

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