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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 scheme utilises the Hong Kong-Zhuhai-Macau Bridge to grant mainland drivers access to Hong Kong. Photo: Xinhua
Hong Kong transport

Hong Kong’s southbound travel scheme is 1 month old. Are people signing up?

Policy launched in late December allows Guangdong drivers to enter Hong Kong’s urban areas under daily quota system.

Hong Kong society

Hope for youth hostel tenants after Hong Kong landlord ‘postpones handover’

SCMP Exclusives

Exclusive | Paul Chan upbeat about Hong Kong economy despite ‘volatility’ from US policies

Hong Kong entertainment

Blackpink fans gear up for Hong Kong finale

K-pop fans are gearing up for shows, with Hong Kong the final stop of the band’s global tour.

A Blackpink fan takes a selfie at a pop-up store in Kai Tak Mall 2. Photo: Karma Lo
John Lee

Hong Kong’s John Lee wants to fast-track I&T sector growth. So what’s the plan?

Chief Executive John Lee makes expedited growth pledge at ceremony marking 10th anniversary of the Hong Kong Academy of Sciences.

Hong Kong property

Complaints against Hong Kong property agents rise faster than home sales

Market recovery exposes pressure points as complaints surge 56 per cent, with online advertising violations dominating cases.

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Hong Kong property

Hong Kong tests student housing land sales amid slumping office demand

Government invites interest in three sites for student hostels, signalling a shift from office sites to education-focused development.

The Development Bureau has invited expressions of interest for student hostel development on three commercially zoned sites, including one in Kai Tak. Photo: Google Maps
Hong Kong healthcare and hospitals

2 Hong Kong labs linked to suspected cross-border smuggling of blood samples

Department of Health says the case involves suspected illegal importation of blood samples from mainland China for fetal gender testing.

Hong Kong courts

Hong Kong builder linked to 5 workplace deaths wins appeal over licence renewal

High Court orders Buildings Department to review rejection of Aggressive Construction’s application to renew licence as ‘not even brief reasons were given’.

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Education in Hong Kong

Hong Kong teams up with experts to develop AI tailored for schools

Secretary for Education Christine Choi tells legislature authorities are exploring launching a large language model relating to city’s school curriculum.

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Students use an AI platform powered by Microsoft for their study. Photo: Kelly Le
Hong Kong budget 2026-27

Letters | Will the coming Hong Kong budget be on ordinary people’s wavelength?

Readers discuss the concerns of Hongkongers ahead of the budget, animal adoption, and seat belt rules.

Commuters head for work in North Point on December 16. Photo: Sun Yeung
Hong Kong Marathon

Editorial | Time for Hong Kong marathon to pick up the pace and evolve

With the popularity of the event growing and competition from other cities, organisers should be open to innovative ideas for improvement.

Paul Chan

Hong Kong promotes ‘responsible and sustainable’ digital asset regime at Davos

Financial Secretary Paul Chan Mo-po says finance and technology are ‘mutually reinforcing’ but balanced approach needed to support development.

Hong Kong housing

Hong Kong earmarks Kai Tak site among 3 plots for private student hostel projects

Sha Tin and Tung Chung sites also among those the government will open for interest to develop into private student hostels to ease housing pressure.

A prime site in the newly developed Kai Tak area, is one of three ares that have been earmarked for the development of tertiary student hostels. Photo: Google map
Chris Sun Yuk-han

Hong Kong’s jobless rate holds steady at 3.8% amid growth outlook

Movements in unemployment rate in different industry sectors varied for October to December period, but magnitudes were generally small.

The jobless rate in the city remained unchanged at 3.8 per cent. Photo: Elson Li
Hong Kong society

Hong Kong strives to be ‘fortress’ that safeguards digital security: I&T chief

City will respond to national initiatives, Sun Dong says, noting that today’s cyber warfare is a ‘full-spectrum contest’ that integrates AI.

Hong Kong housing

Editorial | Hong Kong must tackle the ‘demoralising impact’ of unaffordable housing

With a new study underlining how much harder it has become for young people to afford a flat in the private market, the search for solutions should be stepped up.

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Hong Kong housing

‘Helpless’: Hong Kong subdivided flat tenants seek aid as eviction looms

Housing Bureau says it is in contact with 109 households in Cheung Sha Wan’s Yee Wa Building, with many tenants needing transitional homes.

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Tenant Ng Yim-sun, 76, says he feels “helpless” in the face of looming eviction. Photo: Eugene Lee
Education in Hong Kong

40 Hong Kong semi-private schools eye more non-locals in education hub push

Direct Subsidy Scheme schools will be able to admit non-local students on a self-financing basis under new initiative.

Hong Kong

Hong Kong to develop low-altitude sector blueprint as firms eye overseas expansion

Logistics chief Mable Chan says city well positioned for growth given established legal regime and status as financial hub.

Hong Kong courts

Hong Kong’s Taipan bakery told to wind up, Ocean Empire boss declared bankrupt

Separate court rulings highlight struggles of city’s retail and catering sectors amid shifting consumer patterns.

Taipan Bread & Cakes closed all of its branches after 41 years in business. Photo: Nora Tam
Hong Kong

58% more applicants per job in Hong Kong in 2025 amid AI takeover of roles

Jobsdb Hong Kong says competition even keener for frontline roles, but some jobs hit by AI, with technology automating many repetitive processes.

Hong Kong residents at a job fair organised last month by the Labour Department at Lohas Park Community Hall in Tsueng Kwan O. Photo: Elson Li
Hong Kong property

Fancl distributor couple buys Lippo Centre office, shop in US$38.3 million deal

Purchase by the Japanese skincare brand’s distributor marks a 60 per cent cut from 2017 price as cash-rich local investors hunt for bargains.

LandSpace

Hong Kong eyes slice of booming ‘NewSpace’ economy as professional services hub

Chief Executive’s Policy Unit reveals that it recently hosted a high-level round table on the space economy.

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Bonds

Hong Kong dollar and yuan bonds forecast to sustain record growth in 2026

Issuers and investors flock to Hong Kong dollar and yuan bonds, backed by deep liquidity and diverse yield curves.

Hong Kong’s local-currency bond issuance volume reached a record HK$613 billion in 2025, up nearly 41 per cent from a year earlier. Photo: Shutterstock
Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Project CargoX aims to digitalise Hong Kong’s trade finance, expand SME lending and strengthen connectivity with mainland China and Asean.

It is important to streamline documentation and data exchange with mainland China and Asean, says Howard Lee. Photo: Edmond So
Hong Kong society

Smart money: how Hong Kong charity makes finance lessons fun for pupils

Hong Kong charity Talents Foundation, an Operation Santa Claus beneficiary, aims to teach young people how to manage their finances.

Hong Kong

Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Two cities set to sign memorandum of understanding at the 19th Asian Financial Forum next week, paving way for cross-border gold trade clearing.

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