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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 sharp rise in “red diesel” has significantly raised operating costs for laundry businesses, which rely heavily on diesel-powered boilers. Photo: Handout
Hong Kong

Surging oil prices push Hong Kong’s laundry sector to freeze hiring, halt orders

Industry representative says price of industrial diesel has increased by more than 190 per cent in just over one month.

Banking & finance

Editorial | Stablecoin launch delay shows Hong Kong would rather be safe than sorry

Hong Kong

Move over, Easter bunny: cats are the stars in Hong Kong this holiday

Paul Chan

Hong Kong economy showed resilience in first quarter of 2026, Paul Chan says

In review of first-quarter performance, finance chief points to city’s attraction to investors seeking safe haven amid uncertainty.

The minister has said investors are treating Hong Kong as a “reliable haven for funds”. Photo: Jelly Tse
US, Israel war on Iran

Hong Kong tourists choose safety, affordability with trips to mainland China

Travel industry leader says rise in airlines’ fuel surcharges and Mideast conflict have dampened Hongkongers’ desire to travel long distances.

Northern Metropolis

Opinion | How China is transforming Hong Kong into a strategic hub

The city is moving beyond its traditional role to drive the nation’s financial and innovation future.

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Hong Kong tourism

Editorial | Hong Kong’s high-value tourism pivot makes sense for the city

If Hong Kong is to strengthen its credentials as an international city, it must appeal to visitors from different countries and cultures.

The Hong Kong skyline, as viewed from Tsim Sha Tsui on March 23. Under its new strategy, Hong Kong will allocate more of its budget to attracting foreign visitors. Photo: Eugene Lee
Hong Kong society

Hong Kong’s John Lee pledges to expand after-school care for low-income families

City leader says decision prompted by positive feedback from families who vouch that scheme gives them peace of mind to pursue careers.

Hong Kong

Hong Kong IP festival Con-Con draws crowds on opening day

Visitors to two-day Con-Con Hong Kong 2026 stock up on exclusive merchandise at booths and take pictures of the latest figurines.

Hong Kong society

1 ticket wins HK$81 million in Hong Kong’s Mark Six Easter snowball draw

Winning numbers drawn were 20, 28, 32, 35, 40 and 45.

The outlet on Stanley Street is considered one of the luckiest by Mark Six players. Photo: Jonathan Wong
Hong Kong transport

KMB told to probe machines that gave free bus rides as new HK$2 scheme launched

Faulty machines offered full rebates to customers who tapped their Octopus cards.

Another KMB fare rebate machine briefly malfunctioned in Sha Tin on Saturday. Photo: Dickson Lee
Hong Kong transport

Revamped transport fare scheme triggers concerns about cost for working elderly

Hong Kong’s revised scheme now requires elderly and people with disabilities to pay 20 per cent of fares for trips costing over HK$10.

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Hong Kong tourism

685,000 Hongkongers head out of city at start of Easter holiday

More residents are travelling to mainland China for the break because of the Middle East war, Tourism Association head says.

Hong Kong

More Hongkongers to travel over long Easter break despite higher costs

60 per cent of outbound travellers expected to head to mainland cities, with high-speed rail continuing to gain popularity as the preferred mode of transport.

Travel Industry Council executive director Fanny Yeung says recent fuel surcharge increases had not led to cancellations, as travellers had finalised plans by then. Photo: Eugene Lee
China-Latin America relations

Rubio raises concerns over China’s detention of Panama-flagged ships

Panama’s decision to strip Panama Ports Company of its concessions is a test of US backing for countries challenging China, experts say.

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US Secretary of State Marco Rubio at the G7 Foreign Ministers’ meeting in Paris last month. Photo: Reuters
Hong Kong

Looking for Easter holiday inspiration? Here’s what’s happening in Hong Kong

From a coffee festival to a Doraemon show, there’s plenty to do and see for both residents and visitors over the long weekend break.

Hong Kong transport

40,000 taxi drivers sign up for e-payment systems as new rules come into force

Widespread coverage is good news ahead of coming holiday for mainland visitors who have solely been using e-wallets for years.

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Hong Kong society

Letters | Hong Kong needs to start charging all bus passengers by distance

Readers discuss the decision to revise the HK$2 public transport fare scheme, and the potential of student clubs at universities.

A minibus sports a sticker advertising Hong Kong’s HK$2 transport subsidy scheme for elderly and disabled passengers, on March 23. An amended version of the scheme will be rolled out on April 3. Photo: Jelly Tse
Hong Kong transport

Will coming changes to HK$2 transport scheme hurt working elderly most?

Older residents still commuting to jobs say revision should have distinguished them from other beneficiaries, but observers expect extra burden to be limited.

Greater Bay Area

Opinion | Hong Kong’s next 5 years must take city from alignment to action

The next five years will be shaped by how well Hong Kong goes beyond falling in line to carving out a defined role in China’s development.

Hong Kong property

Bought 52 years ago, Hong Kong home sells for 252 times original price

Veteran sports administrator Lawrence Yu is selling his house for about HK$190 million, for which he paid HK$750,000 in 1974.

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8 Wiltshire Road in Kowloon Tong has a saleable area of 8,227 sq feet. Photo: Google Maps
Hong Kong Investment Corporation

Hong Kong investment chief joins global board in first for Chinese sovereign funds

FCLTGlobal announces that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation, has become one of the 19 directors on its board.

HKIC CEO Clara Chan delivers a speech at the Hong Kong Convention and Exhibition Centre in February last year. Photo: Elson Li
Hong Kong

Hong Kong reviews fire safety laws to crack down on illegal fuel as prices soar

Review includes possible penalty increases, expanding powers of Fire Services Department, and examination of legal liability of those who buy illegal fuel.

Trade Development Council (HK)

Shenzhen robot maker turns to Hong Kong for computing power and listing

EngineAI, whose robots have been bought by Mideast companies, needed cloud-based computing that could be seamlessly accessed from anywhere.

Hong Kong Retail Management Association (HKRMA)

Hong Kong retail sales jump nearly 12% in first 2 months of year

Visitor arrivals also rose by 17 per cent to 14.31 million in first three months, tourism minister reveals.

Consumers at a shopping centre in Tsim Sha Tsui. Photo: Jelly Tse
Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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Hong Kong’s stablecoin initiative is part of efforts to become a global digital-asset hub. Photo: Getty Images
Hong Kong tourism

6.5 million people to pass through Hong Kong borders during coming holiday

Immigration authorities expect high volume at Lo Wu, Lok Ma Chau Spur Line and Shenzhen Bay checkpoints during Easter and Ching Ming Festival holiday.

Japan

Hong Kong exporter confidence falls at steepest rate in 2 years

Trade Development Council says for first quarter of 2026, current performance index fell to 46.5 from 51.4 while expectation index declined to 46.9 from 51.9.

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