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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.
Staff will also be deployed to monitor the sea off Sharp Island. Photo: Karma Lo
Hong Kong environmental issues

Hong Kong to block off parts of Sharp Island shore to protect corals over break

Authorities expect 1,000 visitors in the area each day during the coming Labour Day ‘golden week’ holiday.

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Hong Kong protests

Bureau defends Hins Cheung mentor role after mainland China online backlash

Hong Kong

Sole eatery on Hong Kong’s southernmost island may shut after 50 years in business

Hong Kong

Beer, BBQ festivals possible under beach scheme to tap private sector operators

Senior administrator says operators expected to upgrade facilities while drawing visitors, charging reasonable fees and ensuring responsible use.

A view of Ma Wan Tung Wan Beach in Tsuen Wan. Photo: Eugene Lee
Hong Kong tourism

China-Japan tensions a boon to Hong Kong tourism for ‘golden week’: expert

Lawmaker and Miramar Group chief says hotel rates have jumped by as much as 8 per cent as tourists originally bound for East Asia choose city.

Hong Kong culture

Cinema Day attracted 201,000 film-goers. How does it stack up against last year?

Annual event started in Hong Kong after Covid-19 pandemic to help drum up business for industry and is funded by authorities.

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Hong Kong transport

Over 5,000 Guangdong motorists sign up for Hong Kong’s southbound travel scheme

Scheme launched on December 23 and currently grants access to Hong Kong for up to 100 vehicles a day from four mainland Chinese cities.

A vehicle from Guangdong is parked at Ocean Terminal. Photo: Edmond So
Hong Kong society

Hong Kong boosts e-cigarette ban awareness in mainland China before ‘golden week’

Authorities ramp up promotion and enforcement before public possession ban on alternative smoking products begins on April 30.

Paul Chan

IPO market ‘raises HK$140 billion’ as Hong Kong renews gold trading push

Financial Secretary Paul Chan says city remains top IPO hub, citing strong demand among ‘high-quality’ companies and robust market momentum.

Hong Kong

Opinion | To be the world No 2 financial centre, Hong Kong must be a rule maker

In a fragmenting world where the old financial order is being renegotiated, the greater prize goes to those who help set the new standards.

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Hong Kong’s Central district on February 25. Hong Kong has spent decades proving it can operate at the world’s highest standards, in financial regulation, legal infrastructure and institutional quality. Photo: Jelly Tse
SCMP Exclusives

Exclusive | Hong Kong Aberdeen marina project attracting local and overseas interest

Experts call for better infrastructure and clearer tourism positioning as leading local yacht club and Singaporean operator say they hope for key role.

The Aberdeen marina project has drawn strong interest from yacht operators and developers as Hong Kong pushes its luxury tourism ambitions. Photo: Jelly Tse
Office for Attracting Strategic Enterprises

Editorial | Influx of global firms underscores Hong Kong’s economic recovery

By serving as a ‘superconnector’ for Chinese and foreign capital, the city has sharpened its edge in landing strategic enterprises.

Cathay Pacific

Cathay raises HK$2 billion after tapping public bond market

Company says bond issuance is biggest of its kind by locally based, non-public sector company.

Hong Kong tourism

Over 50 Central restaurants, shops join drive to boost spending, lure tourists

Merchants taking part in scheme promoting hidden delicacies and goods will offer discounts to residents and tourists.

Visitors in Central. The initiative is aimed at encouraging tourists to explore the art, historical sites, local culture and delicacies of Central and Sheung Wan. Photo: Jelly Tse
Middle East

HK Electric to cut May fuel charges but warns of sharp future increase

Fuel charge to fall for second month as lower earlier costs feed through, but Middle East conflict likely to push up prices later this year.

HK Electric will cut fuel surcharges for customers in May but has warned that costs could rise later in the year. Photo: Fung Chang
Hong Kong

Henderson’s winning bid to run harbour event space could boost Central’s access

Experts also say successful bid to run Central Harbourfront Event Space could result in more visitors from surrounding commercial properties.

Hong Kong

Hongkongers find value, space and style in Shenzhen’s new cultural hotspots

Short cross‑border getaways emerging as the ‘quick escape’ of choice, with the newly opened Shenzhen Bay Culture Square adding to appeal.

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Hong Kong Sevens

Editorial | Hong Kong Sevens proves to be in rude health on 50th anniversary

The rugby tournament has emerged from the pandemic and a venue change with record attendance and a bright future.

Rugby fans in the south stand celebrate on Day 3 of the Hong Kong Rugby Sevens at Kai Tak Stadium on April 19. Photo: Sam Tsang
Stock Connect

Brazil beckoned: China now has stock and bond ‘connect’ schemes in 5 regions

Strategic financial corridors now bridge mainland bourses with global hubs, enabling more seamless investment through specialised fund vehicles and receipts.

Paris

Blooming good: Monet, maestros shine as garden art bridges East and West

Show features exhibits from Art Institute of Chicago, Beijing’s Palace Museum, Palace of Versailles and Hong Kong Museum of Art.

Vivian Cheung Kar-fay

Hong Kong airport’s revenue ‘expected to grow by up to 10%’ despite Mideast war

Airport Authority CEO Vivian Cheung also says she aims to turn facility into alternative aviation hub to Middle East.

A Cathay Pacific Airways plane takes off from Hong Kong International Airport. Photo: Felix Wong
Mainland China

Henderson Land joint venture to operate Central Harbourfront Event Space

Joint venture between property developer and YW Company beat five other bidders for prime site that hosts events such as Clockenflap and Wine and Dine Festival.

Hong Kong’s annual Wine & Dine Festival is held at the Central Harbourfront event space. Photo: Nora Tam
Hong Kong

Hong Kong jobless rate dips for second successive period

Unemployment rate was 3.7 per cent for January to March, down by 0.1 percentage point from 3.8 per cent for the preceding three-month period.

Energy

Letters | If energy crisis drags on, Hong Kong may need to rely on conservation

Readers discuss the government’s options as fuel prices stay high, and how the city can improve mental health.

Education in Hong Kong

Opinion | Hong Kong’s education hub cannot be a one-market wonder

If the sector is to become a robust economic driver for the city, it must look beyond mainland student numbers for growth. Diversification is key.

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Illustration: Craig Stephens
Greater Bay Area

Exclusive | Travel scheme could allow Hong Kong, Macau yachts to sail to 6 bay area ports

Guangdong provincial government document also shows several routes recommended for leisure, such as Pearl River Delta, Castle Peak Bay.

Yacht berths in Pak Sha Wan, Sai Kung. Photo: Dickson Lee
Hong Kong

Opinion | Hong Kong’s stablecoin roll-out puts banks at the centre of digital money

Hong Kong is building a bank-led digital money system, not a cryptocurrency free-for-all.

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Banking & finance

HKMA and HKAB launch task force for Hong Kong’s Northern Metropolis financing

The task force will provide professional advice on financing and banking services for the development of the megaproject.

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