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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.
EU budget commissioner Piotr Serafin at the EU’s Hong Kong office in Central. Photo: Edmond So
European Union

Exclusive | EU budget chief pushes collaboration, bonds on Hong Kong leg of Asia tour

Piotr Serafin says EU remains open to capital from city and mainland China despite pursuing a ‘de-risking strategy’ in certain key sectors.

Cinema

Reel deals: Hong Kong to celebrate Cinema Day on April 25 with HK$30 tickets

Hong Kong tourism

Mega-events drive 14% year-on-year rise in Hong Kong tourist arrivals in March

Paul Chan

Paul Chan backs Hong Kong to be world’s No 2 financial hub within 15 years

Finance chief says city’s strengths are its stable environment and strong growth.

Hong Kong retained its position as Asia’s top financial centre and ranked third globally. Photo: Jelly Tse
Hong Kong

Letters | Hong Kong is the perfect complement to Dubai, not a replacement

Readers discuss the possibility of the wealthy migrating to Hong Kong from the United Arab Emirates, and the Hong Kong government’s response to war’s disruptions.

Hong Kong society

Call to check tech trends when drafting policies after basketball betting U-turn

Development of technology is faster than the pace of legislation, ex-lawmaker notes.

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Hong Kong society

Editorial | Hong Kong’s U-turn on basketball betting a prudent move

Officials have warned that launching the betting scheme at this time would encourage participation in illegal prediction market gambling.

A screenshot of the NBA news website is juxtaposed against the Hong Kong Jockey Club betting branch in Shatin on September 11, 2025. Photo: Sam Tsang
Hong Kong society

Hong Kong’s basketball betting U-turn ‘aligns with Beijing gambling clampdown’

Home affairs chief Alice Mak says amendment to legalise basketball betting does not mean government must issue licence regardless of changing conditions.

Hong Kong society

Opinion | 4 identities Hong Kong must embrace to provide global leadership

The city can be a bedrock for world commerce, finance, governance and civilisational exchange as we enter a new phase of globalisation.

Insurance

Hong Kong insurance complaints body records 857 cases last year, up 33% from 2024

Most disputes were medical and travel cases, according to Insurance Claims Complaints Panel.

Last year’s 857 new complaint cases mark an increase of about 33 per cent from the 646 recorded in 2024. Photo: Getty Images
Hong Kong transport

Hong Kong tram operator launches real-time app, pledges no fare rise this year

‘We hope to enable passengers of all ages and backgrounds to easily access tram information,’ Hong Kong Tramways’ managing director says.

Hong Kong Tramways has launched a new mobile app that provides real-time arrival information. Photo: Eugene Lee
Hong Kong tourism

Cheap tours blamed for coerced shopping in Hong Kong: tourism experts

Industry also called on authorities to step up random inspections during coming Labour Day ‘golden week’ holiday.

Hong Kong

Hong Kong taxpayers face HK$28 billion Covid bad-loan burden from SMEs

Of 67,189 applications approved under government’s Special 100% Loan Guarantee Scheme, 13,231 had defaulted by end of February.

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Artificial intelligence

Editorial | ‘AI for all’ efforts must not leave any Hongkonger behind

The government is moving in the right direction, but every resident and sector must be able to benefit from the promise of AI.

The Cantonese-enabled HKChat, the city’s first home-grown large language model, is demonstrated during the global launch at the Lee Shau Kee Business Building of the Hong Kong University of Science and Technology on February 25, 2025. Photo: May Tse
Hong Kong

Middle East war tests Hong Kong aviation hub status as rivals feel the heat

Flight cuts due to rising fuel prices could affect transit traffic in short run, but impact will depend on duration of conflict, experts say.

Cathay Pacific and HK Express will cut some flights starting next month. Photo: May Tse
Britain

Hong Kong bets on 36-fold surge in computing power to win global AI hub race

Chief Executive John Lee underlines city’s infrastructure road map as key driver of bid to boost computing power and AI development.

US, Israel war on Iran

From toilet paper to travel: why inflation could soon hit Hongkongers hard

Continuing uncertainty because of the Middle East war-linked oil shock will intensify inflationary pressures, analysts warn.

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Hong Kong

Hong Kong, mainland China sign ‘milestone’ MOU on promoting digital economy

Memorandum of understanding covers topics including AI promotion, cross-boundary data flow and blockchain.

Cyberspace Administration of China director Zhuang Rongwen (left) with Hong Kong leader John Lee. Photo: ISD
Hong Kong

Progress hailed as Hong Kong, Shanghai link digital authentication systems

Push for digital integration has already yielded practical results, Hong Kong official says.

Hong Kong

Hong Kong balancing security and innovation as nation’s ‘firewall’: Paul Chan

Finance chief says security is key to China’s high-quality growth as geopolitical tensions create risks to energy supplies and financial markets.

Hong Kong property

Hong Kong home sales outlook firm even as La Mirabelle demand ebbs

Developers prioritise sales continuity, keeping pricing close to prevailing secondary market levels to ensure consistent absorption.

A view of residential buildings in Tseung Kwan O on February 12, 2026. Photo: Sam Tsang
Hong Kong culture

Opinion | Why securing Hong Kong’s economic future is a cultural question

One-off events are not enough for a city in dire need of a cultural revival that nurtures its subcultures and lets future creators thrive.

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Visitors pose for a picture at a movie scene from In The Mood for Love at a Hong Kong pop culture festival at Victoria Park, on April 6, 2024. The aesthetic appeal of storytellers such as Wong Kar-wai is founded on a tasteful east-meets-west visual culture. Photo: Yik Yeung-man
Education in Hong Kong

Editorial | Making Hong Kong desirable to overseas students must be a priority

At stake is not just the survival of international schools that don’t meet non-local student quotas, but also the city’s status as a global hub.

Hong Kong housing

Landlords of 5,557 subdivided homes seek 3-year grace period to fix flats

Secretary for Housing Winnie Ho says 780 subdivided homes have been granted a grace period.

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Hong Kong tourism

Letters | Policy outcomes of Hong Kong’s mega-events can be improved

Readers discuss the impact of the city’s mega-events, the fate of smaller schools, and the need for non-smoking residential buildings.

The Guinness record-setting bamboo pavilion built for the thanksgiving festival organised by the indigenous Tang clan of Kam Tin is lit up in Yuen Long on December 15, 2025. To improve the quality and diversity of mega-events in Hong Kong, unique local festivals could be included. Photo: Eugene Lee
Hong Kong

Editorial | Hong Kong’s rare, speedy response to fuel price surge shows preparedness

The short-term diesel subsidies and toll cuts included in the government package are expected to cost HK$1.96 billion.

A school bus picks up pupils outside a primary school in Wan Chai, Hong Kong, on April 9. Rising oil prices have driven up operating costs in the transport sector. Photo: Jelly Tse
Hong Kong healthcare and hospitals

New Kai Tak Hospital to open in 2 phases starting in October

With 2,400 beds, Hong Kong’s largest public hospital will serve patients in Kowloon.

Hong Kong

Hong Kong will pay diesel subsidies directly to oil firms, look out for abuse

Government will know if oil firms try to take advantage of HK$3 subsidy scheme by increasing prices, official warns.

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