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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.
Children enjoy rides at the AIA Carnival at the Central Harbourfront on December 22, 2025. Photo: Jonathan Wong
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’

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Hong Kong society

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

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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Northern Metropolis

Opinion | Northern Metropolis can combine best of central planning and free market

Guided by the national five-year plans, the Hong Kong government is changing policies and offering attractive terms for the project.

Illustration: Craig Stephens
Hong Kong healthcare and hospitals

Hong Kong hospital A&E department visits fall 12% after new fees take effect

Number of people benefiting from fee waivers under new pricing regime that started on January 1 triples.

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Hong Kong

Hong Kong sets up 13-member expert panel to help mainland firms expand overseas

Establishment of Expert Committee on Professional Services for Going Global builds on new platform to help match local providers with firms.

Retail properties

Fortnum & Mason’s Hong Kong branch to close on January 25, holds clearance sale

‘We would like to express our deepest thanks to you, our customers, for your custom over the years,’ Hong Kong branch says.

The Hong Kong branch opened in 2019. Photo: Handout
Hong Kong

The Drone Age: hi-tech wizardry propels Hong Kong towards lift-off

As Hong Kong prepares to enter the era of flying taxis, key players roll out groundbreaking innovations at the cutting edge of technology.

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Illustration: Lau Ka-kuen
Hong Kong property

Repeat buyer tucks into another McDonald’s Hong Kong shop for US$15.2 million

Evergreen Capital Partners added the Causeway Bay shop to its portfolio after acquiring two other outlets from the fast-food giant.

Low-altitude economy

Thousands of passenger, cargo drones will fill Hong Kong skies in decade: expert

Mainland Chinese eVTOL leader AutoFlight will spread wings in Hong Kong amid global push into flying taxi market.

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Hong Kong property

Hong Kong politician Bunny Chan buys Stanley homes for US$40 million

Businessman and National People’s Congress deputy gets nine-unit property at a 44 per cent discount, says market has bottomed out.

A view of the property at 8 Stanley Beach Road in Hong Kong Island’s Southern district. Photo: Google Maps
Banking & finance

Hang Seng Bank shareholders approve HSBC’s US$14 billion buyout plan

HSBC receives strong backing from Hang Seng Bank’s independent shareholders, getting 85.75 per cent of the votes.

HSBC announced a US$14 billion bid to buy out Hang Seng Bank in October. Photo: Jelly Tse
SCMP Exclusives

Exclusive | Is your PayMe history public? Hong Kong watchdog probes HSBC app privacy risks

One of Hong Kong’s largest e-payment apps, PayMe serves more than 100,000 local and online merchants, from retail shops to taxis across city.

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Hong Kong property

Hong Kong’s Sino Land and Great Eagle secure Kowloon site for US$206 million

Acquisition of 41,226 sq ft plot – which could yield 570 homes – reflects confidence in the property market’s recovery as sales rebound.

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Hong Kong property

Hong Kong developers rush new flats as sentiment lifts, pressuring recovery

Wheelock and Kerry plan to roll out more than 4,500 units in 2026, even as analysts warn that inventory overhang may cap price gains.

Kerry Properties plans to launch more than 3,300 flats this year, including those at Lohas Park phase 13 in Tseung Kwan O. Photo: Handout
Hong Kong transport

Hong Kong moves ticketing for driving licence applications online to beat touts

Policy change aims to distribute tickets in a fair and orderly manner, Transport Department says.

Hong Kong’s Tai Po fire tragedy

Tai Po housing site ‘viable option’ for fire victims: Hong Kong councillors

Lo Hiu-fung says government should consider plot, about 1.5km from fire-hit Wang Fuk Court, if it wants to help victims resettle as soon as possible.

Hong Kong workers/labour rights

Letters | Besides part-time employees, Hong Kong should protect gig workers

Readers discuss the status of gig-based work, a health safety net, and the seizure of Nicolas Maduro.

A food delivery rider drives in Jordan on June 12. Hong Kong’s workforce is increasingly shaped by gig-based and project-based work. Photo: Jelly Tse
Hong Kong

Hong Kong toy fair unveils new pavilion for collectors and global brands

150 local and international IP collectibles to be showcased at Hong Kong Toys & Games Fair, which will run alongside baby products and stationery exhibitions.

A figurine of a character from Hong Kong’s sci-fi animation film Another World. Photo: Eugene Lee
Hong Kong

Lantau site eyed for Hong Kong’s first aircraft dismantling plant: sources

Site at To Kau Wan deemed suitable because of proximity to airport and access to existing infrastructure, including roads and pier, sources say.

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Hong Kong property

Morgan Stanley lifts Hong Kong property to ‘attractive’ as stars align

City’s home prices are expected to rise around 10 per cent in 2026, with an ongoing rebound heralding the start of a new upcycle.

Asian cinema: Hong Kong film

Hong Kong film Back to the Past rakes in record HK$45 million in first week

Time travel movie beats A Guilty Conscience and The Last Dance to become highest-grossing film in opening week, amid box office gloom in city.

Commuters walk past a poster for Back to the Past at Mong Kok MTR station. Photo: Edmond So
Hong Kong

Tender for Hong Kong’s Central Harbourfront Event Space opens with stricter KPIs

Lawmaker says it is reasonable for government to impose additional conditions on future tenant, given location’s role in promoting city’s image.

The Hong Kong Wine and Dine Festival was held at the Central Harbourfront Event Space in October last year. Photo: Nora Tam
Hong Kong

Opinion | With Hetao tech hub, Hong Kong is reimagining its economic future

The city is pivoting towards hi-tech development and greater cross-border integration while committing to innovation ecosystem synergy.

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McDonald's

Hong Kong McDonald’s serves up 3% pay rise for some staff amid menu price increase

Others also receive a HK$500 bonus to mark the fast food giant’s 50th anniversary in the city, alongside price increases on select menu items.

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