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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.
Hong Kong Financial Secretary Paul Chan at the World Economic Forum in Davos, Switzerland, on Thursday. Photo: Handout
SCMP Exclusives

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

Speaking to the Post at end of Davos summit, finance chief says Western view of city ‘more positive’ and reiterates priority of I&T development.

Hong Kong entertainment

Hong Kong hitting high notes as fans roll in for Blackpink concerts

John Lee

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

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.

The Estate Agents Authority opened 253 complaint cases in 2025, up from 162 in 2024. Photo: Jonathan Wong
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.

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.

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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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The 65-tonne tower crane that collapsed at the Anderson Road construction site killed three workers and injured six others. Photo: Jelly Tse
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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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.

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.

Athletes run along the Island Eastern Corridor during the Standard Chartered Hong Kong Marathon’s 10km race on January 18. Photo: Eugene Lee
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.

The World Economic Forum in Davos runs until Friday. Photo: AFP
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.

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.

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.

Secretary for Innovation, Technology and Industry Sun Dong delivers a speech on Tuesday at the Cybersecurity Symposium. Photo: Elson Li
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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Tsui Ping (South) Estate in Kwun Tong with Lion Rock in the background on September 15, 2025. Photo: Eugene Lee
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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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.

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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 industry players are set to go for their first overseas trip to explore belt and road markets alongside mainland Chinese firms. Photo: Sam Tsang
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.

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 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.

The sun is reflected on the Lippo Centre in Admiralty. Photo: Dickson Lee
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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A rocket blasts off from the Jiuquan Satellite Launch Centre in Inner Mongolia. China aims to cement its status as a “major space power” under the 15th five-year plan. Photo: Xinhua
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.

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.

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.

Talents Foundation has developed a Monopoly-like board game as part of its curriculum. Photo: Handout
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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Hong Kong will sign a memorandum of understanding with Shanghai next week to establish a cross-border gold trade clearing system. Photo: Edmond So
Hong Kong property

Mainland Chinese buyers pour US$2 billion into Hong Kong super-luxury homes

Mainland buyers account for 80 per cent of the city’s biggest blockbuster deals in the most exclusive neighbourhoods in 2025.

Hong Kong

Opinion | This year, Hong Kong must resolve to rewrite the script for retirement

Any long-term solution requires a re-imagination of retirement – beyond the outdated view of retirees as passive welfare recipients.

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