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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.
Panamanian police search a Panama Ports Company office. Photo Reuters
Hutchison’s Panama ports deal

CK Hutchison escalates legal action over Panama ports seizure

Hong Kong tycoon Li Ka-shing’s conglomerate accuses Panama authorities of ignoring requests for communication and keeping group in the dark.

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Two Sessions 2026

Chinese vice-premier stresses shared duty in Hong Kong’s executive-led governance

Middle East

‘More dim sum, more often’: Hongkongers cash in as war triggers gold rush

Two Sessions 2026

Editorial | Amid external uncertainties, China steers for growth and stability

Government work report pledges to continue doubling down on innovation and upgrading of manufacturing; Hong Kong featured prominently.

Visitors take photos of the life-size replica of China’s first metal national emblem at the National Museum of China in Beijing on March 3. Photo: Robert Ng
Education in Hong Kong

Tung Wah College to undergo review in April on bid to gain university status

College plans to adopt the name ‘Tung Wah University of Hong Kong’, president Professor Sally Chan says.

Education in Hong Kong

Hong Kong Baptist University may issue bonds to finance development

University president says funds needed to support its Chinese medicine hospital and campus redevelopment.

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Hong Kong politics

Beijing tasks Hong Kong with enhancing role as an international finance centre

City priorities in 15th five-year plan draft include development of a commodity trading ecosystem and deepening cross-border connections of financial markets.

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The Hong Kong-Shenzhen Innovation and Technology Park. Photo: Eugene Lee
Hong Kong

Chinese Premier Li Qiang calls on Hong Kong to improve governance efficiency

Delivering work report at NPC opening session, Li also urges city to fully harness its unique advantages to act as bridge to world.

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Hong Kong

Hong Kong unveils incentives to attract gold refiners and boost global hub plan

Targeted measures, tax incentives and cross-border partnerships aim to bolster city’s role as a global gold trading and refining hub.

Hong Kong tourism

Editorial | ‘Symphony of Lights’ bowing out clears stage for new attractions

Ending the 22-year run of Hong Kong’s iconic light show underscores the city’s push to refresh its tourism appeal.

Hong Kong’s “Symphony of Lights” show at Victoria Harbour has been a fixture on its tourism calendar, but a new series of light shows will soon take its place. Photo: Sam Tsang
Hong Kong society

Relief, joy as first flight back from Dubai brings stranded Hongkongers home

Passengers happy to ‘finally be somewhere safe’ after conflict in Middle East closed airports.

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The first planeload of passengers stranded in the Middle East return home as the regional conflict continues to spiral. Picture taken in Hong Kong International Airport at Chek Lap Kok. 04MAR26 SCMP/ Sam Tsang
US, Israel war on Iran

Hong Kong tycoons say Middle East outlook remains promising despite conflict

New World scion Adrian Cheng highlights city’s status as safe haven for capital; K Wah’s Francis Lui says property and stocks holding firm.

Middle East

Air freight costs for China shippers may jump 30% as Middle East airspace closes

China-Europe cargo flights face longer routes and higher fuel costs after Middle East airspace closures, the Hong Kong Association of Freight Forwarding & Logistics says.

Mandatory Provident Fund (MPF)

More Hongkongers leave money in MPF pension plan amid market rally

Withdrawals by people leaving the city or retiring dropped last quarter, indicating expectations of greater gains, analysts say.

People walk through Central during the lunch hour on January 30, 2026. Photo: Karma Lo
US, Israel war on Iran

10 exhibitors and Iranian buying mission miss Hong Kong jewellery fair amid war

While organiser reports only ‘small’ dip in participants, several Middle Eastern exhibitors say they are bracing for weaker sales.

The Hong Kong International Jewellery Show is held at the city’s convention centre. Photo: Sam Tsang
Hong Kong healthcare and hospitals

Hong Kong launches 3-year action plan to help residents fight the flab

Proportion of Hongkongers who are obese or overweight has been rising in recent decades.

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Retailing

Hong Kong’s retail sales rise 5.5% in January as tourists loosen purse strings

Census and Statistics Department says retail sales for January worth HK$37.3 billion, marking ninth straight month of growth since May 2025.

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Hong Kong

Beijing to roll out more measures for Hong Kong as John Lee praised for work

Central government will also make further arrangements in 15th five-year plan to support Hong Kong, National People’s Congress spokesman says.

The opening meeting of the fourth session of the 14th National Committee of the Chinese People’s Political Consultative Conference held today at the Great Hall of the People in Beijing. Photo: Xinhua
Middle East

10% rise in costs expected as shipping giant halts Middle East bookings

Hong Kong sector representatives expect increase to be driven by rising fuel prices, longer voyages, war-risk charges and higher insurance costs.

Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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Iran

From oil spikes to power bills, how war on Iran will hit Hongkongers’ wallets

Residents may face higher energy and dining costs as analysts stress the city cannot remain immune to surging oil prices.

Analysts warn Hong Kong may feel the impact of rising oil prices amid the escalating conflict in the Middle East. Photo: Sam Tsang
Banking & finance

Editorial | Hong Kong is a beacon of stability for global talent and capital

In an increasingly uncertain world, Hong Kong, backed by the country, continues to be a safe place for investment and opportunities.

A foggy Hong Kong skyline viewed from Victoria Peak on March 3. Photo: Eugene Lee
Hong Kong tourism

Hong Kong convention centre to host more medical, tech, finance, education events

Events linked to these four sectors will account for 43 per cent of activities held this year, venue’s managing director says.

Hong Kong politics

Focus on development and cherish stability, Xia Baolong urges Hong Kong

Hong Kong and Macau Affairs Office director meets local delegates ahead of annual political gatherings in capital.

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Hong Kong property

Can HKIC fix Hong Kong’s 15 million square-foot office vacancy problem?

Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery.

A general view of prime commercial buildings in Hong Kong’s Central district. Photo: UCG/Universal Images Group via Getty Images
Middle East

Middle East conflict to drive up airfares for Hong Kong travellers: analysts

Suspension of major transit hubs in Dubai and Doha sends travellers scrambling for flights on ‘conflict-free’ paths to Europe.

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Travellers at Hong Kong International Airport. Analysts predict airline ticket prices will rise as carriers seek to offset higher expenses. Photo: Eugene Lee
Mainland China

Mainland Chinese firm to build HK$23.8 billion Hong Kong supercomputing hub

Range Intelligent Computing Technology to commence operations in 42 months, with a cumulative investment of HK$23.8 billion over the first three years.

Secretary for Labour and Welfare (HK)

Middle East tensions highlight Hong Kong’s stability, opportunities: minister

Chris Sun also reveals over 270,000 non-locals settled in Hong Kong as of January 31, with 40 per cent admitted through Top Talent Pass Scheme.

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