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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 CUHK Medical Centre, a private teaching hospital owned by Chinese University, delivered the city’s first baby of 2026 at 12am. Photo: Karma Lo
Hong Kong society

Hong Kong welcomes 6 babies into world in first hour of New Year’s Day

City’s first baby boy of 2026 was born at 12am, while first girl was delivered two minutes later.

Hong Kong environmental issues

Groups welcome updated Hong Kong biodiversity plan but call for more details

Banking & finance

Editorial | Hong Kong’s IPO market rings in 2026 on a high note

Hong Kong society

Editorial | Hong Kong must start work on a better future in the new year

With a spirit of togetherness, the city can forge ahead in 2026 with optimism and hope, despite global uncertainties.

A junk boat sails across Victoria Harbour on February 27. Photo: Sam Tsang
China economy

Opinion | Is Hainan the next Hong Kong? That’s the wrong question to ask

If it leverages its special status to enhance Hainan’s experiment, Hong Kong would not be boosting a rival but securing its own indispensable role.

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Hong Kong transport

Miles to go: Hong Kong’s premium taxi roll-out crawls to a third of 3,500 target

Just 1,300 premium taxis are in service as industry players blame unattractive earnings, lack of charging facilities and ride-hailing competition for slow roll-out.

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Lan Kwai Fong Group

Hong Kong restaurants, bars gear up for packed 2026 countdown parties

Lan Kwai Fong’s restaurants and bars nearly 90 per cent booked, while seaview eateries in Kowloon could take a hit from cancelled fireworks show.

The countdown event and lights show on Chater Road are expected to draw large crowds of residents and tourists. Photo: Edmond So
Hong Kong healthcare and hospitals

Low-income patients call for more help as steeper Hong Kong hospital fees loom

From January 1, patients will need to pay more for certain services, and while safety net will also be widened, some people have fallen through the cracks.

Scams and swindles

All Hong Kong retail banks to offer anti-scam service, locking cash in accounts

‘Money Safe’ users will have to meet a bank employee to undergo verification process to ensure their funds are not going to scammers.

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Hong Kong property

Hong Kong’s SHKP nudges up prices on latest Sierra Sea flats on offer

Developer offers 148 units in Phase 2A of Sierra Sea development, expecting strong demand from homebuyers.

A general view of Sun Hung Kai Properties’ Sierra Sea residential development. Photo: Edmond So
Hong Kong housing

Hong Kong private subsidised flat scheme suffers new blow as site reassigned

Tung Chung site, originally designated for Private Subsidised Sale Flat Pilot Scheme, will be handed over to Housing Society, authorities say.

A residential site in Tung Chung, originally designated for the Private Subsidised Sale Flat Pilot Scheme, will be handed over to the Hong Kong Housing Society. Photo: Sam Tsang
Northern Metropolis

New Hong Kong industrial park eyes edge in smart manufacturing, Chinese medicine

Some industries have indicated interest in settling in Hung Shui Kiu, such as makers of environmentally friendly concrete, official says.

World Bank Group

Hong Kong authorities question World Bank’s ‘unfair’ business-ready grades

‘Some assessment results … differ from rankings and highly positive evaluations many other international organisations have given Hong Kong,’ Digital Policy Office says.

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Northern Metropolis

New approach to fast-track Hong Kong industrial park gets thumbs up from firms

New company to speed up work on 23-hectare park under Northern Metropolis project wins praise as ‘one-stop service centre’.

The Hung Shui Kiu development area is part of the Northern Metropolis scheme. Photo: Eugene Lee
Hong Kong transport

Editorial | Hong Kong working to stay in the fast lane to better connectivity

As drivers adapt to the Yau Ma Tei section of the Central Kowloon Bypass, the focus should quickly shift to how the artery will be an economic asset.

An aerial view of the Yau Ma Tei section of the Central Kowloon Bypass on December 21. Photo: Eugene Lee
Hong Kong

Hong Kong to close Central roads from 2pm on New Year’s Eve ahead of countdown

Event at Chater Road pedestrian zone will feature music and light shows instead of fireworks following deadly Tai Po inferno.

Hong Kong

Hong Kong exports jump 18.8% in November, sharpest increase in 22 months

Growth follows year-on-year increases of 17.5 per cent in October and 16.1 per cent in September.

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Northern Metropolis

Hong Kong sets up Hung Shui Kiu industrial park operator, sweetens land tender

Development Bureau says Hung Shui Kiu Industry Park Company will be fully operational by mid-2026, land tender with incentives to run for six months.

An aerial view of Hung Shui Kiu in Yuen Long, which forms a part of the Northern Metropolis. Photo: Eugene Lee
Hong Kong

Hongkongers make 2.73 million outbound trips over Christmas, up 11% from 2024

But bar industry leader reports 10 per cent rise in local business due to festive mood and surge in visitors from Europe and the US.

Hong Kong property

Hong Kong primary home sales to see decade high as small flats perk up market

Attractive discounts, easing mortgage costs and policy support drive the market’s shift towards flats that cost below US$1.3 million.

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Mainland China

Hong Kong finance chief upbeat about 2026 outlook on back of 3.2% growth

Paul Chan says Hong Kong will align with national development strategies, focusing on three growth engines: finance, innovation and technology, and trade.

Hong Kong’s IPO fundraising ranked first globally, exceeding HK$270 billion by mid-December. Photo: Nora Tam
Hong Kong shipping and logistics

Can Hong Kong mature as a wine hub? French vineyard owner calls for new focus

Seventh-generation winemaker Erwan Faiveley encourages city to up logistical and storage services during first post-Covid fact-finding trip.

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Wines from Domaine Faiveley and Bullard-Simon in Burgundy, France. Photo: Oscar Liu
Aviation

Editorial | Plane recycling opens new horizons for Hong Kong aviation

A new training centre is set to provide technicians with a new range of skills and bring an industrial chain to Hong Kong.

Hong Kong tourism

Hong Kong records 10% rise in festive period visitors as outbound trips surge 22%

Despite increase in tourists, merchants warn absence of New Year fireworks may impact visitor numbers and, in turn, the retail sector.

Hong Kong Voices

A fifth-gen shop owner on closing the business despite his umbrella obsession

The 73-year-old owner of Sun Nga Shing Umbrella Store in Sham Shui Po recently announced that he would be closing the family business, which dates back to the Qing dynasty.

Yau Yiu-wai, owner of Sun Nga Shing Umbrella Store in Hong Kong, which he plans to close after five generations. Photo: Jocelyn Tam
Food and Drinks

Video | Why are Hong Kong bars struggling to stay afloat?

As a drop in overseas tourists, changing tastes and the ‘Shenzhen effect’ take their toll, experts say there is still hope.

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Hong Kong tourism

Old Hong Kong police station gets new role hosting film-related show

‘Yau Ma Tei Police Station: A Cinematic Journey’ exhibition opens on January 2 at the popular selfie spot.

Hong Kong

Hong Kong restaurant sales drop 10% over Christmas as cross-border trips spike

While restaurants struggle to attract diners, one hotel group says its properties recorded 90 per cent occupancy.

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