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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 Chinese Medicine Hospital at Pak Shing Kok Road, Tseung Kwan O, on December 9. Hong Kong has been urged to develop Chinese-Western treatments. Photo: Edmond So
Hong Kong

Editorial | Hong Kong’s biotech hub aim advanced by pacts with national agencies

Deepening cooperation on traditional Chinese medicine and cancer research will help the city play a role in developing more effective and less intrusive treatments.

Hong Kong’s Tai Po fire tragedy

Hong Kong officials urge buy-back plan over ‘challenging’ Wang Fuk Court rebuild

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Asean

73% of Hong Kong, Greater Bay Area firms ramping up expansion into Asean: survey

Animal welfare in Hong Kong

Animal welfare groups slam Hong Kong pet shop for offering cat rental service

Pet shop gave clients the chance to rent a cat for a week for HK$800 with a refundable deposit of HK$6,500 before buying.

The pet shop is located in a commercial building in North Point. Photo: Jelly Tse
Banking & finance

‘One of a kind’: tributes pour in for David Webb, Hong Kong’s ‘voice of integrity’

Financial and civic leaders remember former activist investor, hailed for his fearless pursuit of corporate transparency and accountability.

Hong Kong society

HK$5 million plan to install anti-terrorism bollards near Hong Kong’s Sogo store

Authorities plan to place bollards and crash barriers at road crossings near Sogo in Causeway Bay and at the nearby Paterson Street pedestrian precinct.

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Hong Kong healthcare and hospitals

Most Hong Kong residents support more smoking control measures, study finds

Raising tobacco tax progressively could cut the city’s smoking rate significantly within a decade, separate study estimates.

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The fixed penalty for smoking offences has doubled to HK$3,000. Photo: Jelly Tse
Hong Kong

Hong Kong corporate governance activist David Webb dies at 60

A champion of transparency and investor rights, whose investigations and sharp commentaries unsettled the financial elite.

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Education in Hong Kong

Nearly 1 in 4 Hong Kong students can’t finish homework without AI, study shows

Our Hong Kong Foundation calls for unified AI platform and more comprehensive curriculum to cover students at all academic levels.

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Northern Metropolis

Hong Kong’s SHKP secures HK$1.4 billion land deal in Northern Metropolis

Property giant says site could yield over 1.2 million sq ft of floor area and 2,700 flats, making it one of the biggest housing projects in the area.

According to SHKP, the site in Kwu Tung South could yield over 1.2 million sq ft of floor area and more than 2,700 flats. Photo: Eugene Lee
Hong Kong International Airport

Letters | Hong Kong airport has recovered well from the pandemic

Readers discuss the competitiveness of HKIA, the impact of the medical fee hike, and the success of the high-speed rail link.

Travellers arrive at Hong Kong International Airport on December 27, during the holiday season. Photo: Eugene Lee
Mainland China

Hong Kong and Nansha target global drone benchmark via cross-border trials

Academics, stakeholders, drone and eVTOL operators, and research institutes from both sides to formulate aligned standards through a closed-loop model.

Hong Kong culture

Editorial | Amid Back to the Past’s success, Hong Kong cinema should look to the future

Although its heyday may be over, the city’s film industry must focus on quality over quantity as it adapts to the changing world of entertainment.

Hong Kong transport

Editorial | Expanded Hong Kong-mainland rail links can be engine of growth

The addition of new destinations offers travellers more options and further unlocks the economic potential of the high-speed rail service.

Passengers wait to depart at the ticketing concourse in Hong Kong West Kowloon Station on January 11. Photo: Sam Tsang
Hong Kong property

Hong Kong’s housing market gets a vote of confidence from major banks

Most financial institutions forecast price gains ranging from 5 to 10 per cent, supported by supply constraints and end-user demand.

A night view of Hong Kong Island and Kowloon from The Peak. Property prices in the city are expected to trend upwards this year. Photo: Sam Tsang
Artificial intelligence

Producers at Hong Kong toy fair bet on AI-powered plushies to double sales

But some buyers also express concerns over use of the technology in toys for children.

Hong Kong transport

Seats sell out on Hong Kong’s new high-speed rail routes to mainland China

Business-class seats on the January 26 train to Nanjing South, priced at HK$3,136, were sold out by Monday afternoon.

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Hong Kong society

Hong Kong’s Ma On Shan loses its only cinema amid wave of movie theatre closures

Emperor Cinemas shuts down its MOSTown shopping centre theatre on Monday, saying vouchers and coupons still valid at other branches.

Emperor Cinemas has announced it will close its branch in Ma On Shan. Photo: Jelly Tse
Hong Kong transport

Over 1,000 apply as online slots for test-free Hong Kong driving licence go fast

Post reporter tried to secure spot at 7am but was met with a digital bottleneck that saw all available slots snapped up in just over 30 minutes.

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Hong Kong budget 2026-27

Hong Kong must issue bonds as public works drive capital account deficit: Paul Chan

Finance chief also says annual budget will be delivered on February 25.

Hong Kong budget 2025-26

Opinion | Hong Kong returning to surplus no excuse for splashing budget cash

Northern Metropolis ambitions and Tai Po fire recovery will test the city’s commitment to fiscal prudence.

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Financial Secretary Paul Chan Mo-po gives a speech at the Hong Kong Coalition of Professional Services luncheon at New World Harbour View in Wan Chai on March 11, 2025. Photo: Jonathan Wong
Saudi Arabia

Hong Kong firm aims to build 30,000 modular flats a year with Saudi partner

AluHouse and Saudi Arabian partner will build factory to produce prefabricated flats and meet rising demand for homes in the Middle East.

The Saudi capital Riyadh. The country’s rapid growth has led to a surge in housing demand. Photo: Shutterstock
Hong Kong tourism

Editorial | Tighter rules will help ensure Hong Kong’s harbourfront events dazzle

Stricter standards for Central Harbourfront Event Space tenants are meant to make sure the site is well utilised and events live up to expectations.

Hong Kong’s Tai Po fire tragedy

Including suppliers in new Hong Kong rules on scaffolding nets ‘overreaching’

Secretary for Development Bernadette Linn also says there is no need for an across-the-board switch from bamboo to metal scaffolding.

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Hong Kong society

Hundreds flock to Fortnum & Mason’s Hong Kong branch closing sale

Hongkongers rush to British department store’s Tsim Sha Tsui outlet in search of bargains, discounted luxury goods ahead of January 26 closure.

Hundreds of eager shoppers queue outside of Fortnum & Mason in Tsim Sha Tsui seeking bargains before the store closes on January 26.. Photo: Edmond So
Hong Kong budget 2026-27

Hong Kong’s finance chief confirms early surplus, vows more elderly support

Paul Chan cites financial market performance and stock trading stamp duty for surplus, as he addresses calls for more welfare at public forum.

Financial Secretary Paul Chan attends a public consultation forum on Saturday. Photo: Edmond So
Hong Kong property

Hong Kong’s SHKP continues sell-out streak at Sierra Sea

Homebuyers snap up all 213 new flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday.

Banking & finance

What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

HSBC’s historic US$13.6 billion buyout of Hang Seng Bank aims to cut costs, tackle bad debts and fuel growth, but challenges abound.

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