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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.
A man crosses a hazard warning boundary after taking pictures near the edge of a cliff on the way to the Po Pin Chau Viewing Platform at High Island Reservoir’s East Dam on January 3. Photo: Elson Li
Hong Kong environmental issues

Opinion | It’s not ecotourism if it risks damaging Hong Kong’s natural assets

Authorities need to shift ecotourism management strategies to avoid it becoming part of the problem it was meant to solve.

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Hong Kong tourism

How unlicensed mainland Chinese tour groups cash in on Hong Kong campsites

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Disney

Editorial | Return to profit helps Hong Kong Disneyland look to the future

Hong Kong tourism

‘Golden week’ begins with bang in Hong Kong, but restaurants’ gains ‘limited’

City records 13 per cent increase in mainland Chinese visitors on first day of holiday, but more prudent spending is affecting restaurants.

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Tourists visit the Tsim Sha Tsui waterfront on the first day of mainland China’s “golden week” Labour Day holiday. Photo: Jelly Tse
Venture capital market

Hong Kong tech hub progress ‘significant’, Dalton Venture’s Steve Sun says

City’s measures to retain research talent and encourage the commercialisation of research results ‘gradually taking effect’, venture capitalist says.

Hong Kong society

Opinion | Hong Kong is getting its population policy assumptions all wrong

Rather than encouraging more births, Hong Kong should align its family-related policies with the Greater Bay Area’s demographic system.

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Greater Bay Area

More Hongkongers can drive to Macau under expanded travel scheme

Transport Department says all permanent residents, locally registered firms will be allowed to apply for 400 multiple-entry quota spots.

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Applications for the quota spots will be open from May 7 to 20. Photo: Eugene Lee
Hong Kong tourism

Hong Kong’s East Dam draws thousands for ‘golden week’ as entry fee floated

Tourists opt for ecotourism over traditional shopping after Unesco geopark receives widespread publicity on mainland Chinese social media.

Hong Kong

Visitors warned over removing crabs, shells from Hong Kong’s Sharp Island

Authorities, NGO step up education efforts on island in anticipation of increased footfall over Labour Day ‘golden week’ break.

Hong Kong tourism

Labour Day: Hong Kong records 242,000 trips by mainland Chinese visitors so far

Many visitors head to countryside for scenic views, while others opt for ‘city walks’ to explore picturesque locales.

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Some early arrivals headed straight to the countryside after getting off at the West Kowloon rail terminus on Friday morning. Photo: Jelly Tse
Hong Kong tourism

Yacht tourists, hikers drive ‘golden week’ optimism for Hong Kong eateries

Industry leader says 5 per cent year-on-year increase in business expected, adding that operators have ramped up manpower to cope with influx.

Industry leaders say they hope the growing trend of mainland Chinese visitors hiking and sailing yachts will bring a windfall to seafood restaurants. Photo: Elson Li
Diplomacy

Opinion | A world adrift looks to China for institutional anchors. Enter Hong Kong

Amid talk of cities like Beijing and Shanghai hosting UN functions as the US withdraws, Hong Kong must ensure it is part of the conversation.

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Hong Kong courts

Former executive of Hong Kong’s insurance regulator acquitted of misconduct

Anti-corruption agency had alleged that Carol Hui coerced insurer Prudential into hiring her daughter-in-law.

Aviation

China forges new aviation alliances to fast-track C929 certification

Pacts include airworthiness standards for long-haul aircraft, together with Hong Kong and Macau, aiding efforts to expand international operations for Comac’s jets.

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Zhao Chunling, the chief designer of China’s widebody C929 aircraft, touches a model of the in-development jet. Photo: Xinhua
US, Israel war on Iran

Industrial costs up 50% in Hong Kong since start of Mideast war: oil executive

Wah Fu Petroleum Company executive pledges to pass on subsidy to customers, while taxi union leader praises government for quick intervention.

A taxi pulls up at an LPG filling station in Yuen Chau Tsai, Tai Po. Photo: Jelly Tse
Hong Kong

Hong Kong tour groups to mainland China surge by up to 40% for Labour Day break

Industry leaders say slight fuel surcharge rises for flights to Asian destinations ‘not main driver’ behind Hongkongers heading to mainland.

China economy

Opinion | How Hong Kong’s institutional strengths can power its 5-year plan

The ‘small government’ era is over. Hong Kong must proactively serve as a super value-adder connecting China and the world.

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Interest rates

HKMA warns of interest-rate uncertainty as Fed’s trajectory remains unclear

HSBC, Standard Chartered and Bank of China (Hong Kong) keep their prime and savings rates unchanged.

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The Hong Kong Monetary Authority maintained the city’s base rate at 4 per cent on Thursday. Photo: Jonathan Wong
Hong Kong tourism

Editorial | Ahead of Labour Day, a sensible tweak to Hong Kong’s tourism strategy

While mainland arrivals are still down from their heyday, the tourism strategy is pivoting from pursuing numbers to seeking higher value.

Hong Kong property

Hong Kong penthouse sells for US$54m to mainland Chinese buyer

Sale of 6,701 sq ft home sets record per-square-foot price for High Peak project in Mid-Levels West.

Hong Kong Monetary Authority (HKMA)

Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans

Measures aim to improve access to financing, strengthen resilience, and accelerate transformation amid challenges linked to Middle East war.

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Hong Kong’s small businesses are grappling with soaring fuel prices. Photo: Sam Tsang
Hong Kong society

Youth hostel scheme falls short as only 44% of expected flats available: audit

Audit Commission review finds only 1,326 flats offered at two hotels in operation, fewer than half of 3,000 expected from seven facilities.

Po Leung Kuk Lee Shau Kee Youth Oasis is one of only two properties in operation under the government’s Youth Hostel Scheme. Photo: K. Y. Cheng
Hong Kong

Hong Kong surplus hits HK$11 billion as finance chief ‘monitors’ Mideast war

Financial Secretary Paul Chan says surplus revised to HK$11 billion, HK$8.1 billion higher than the HK$2.9 billion originally forecast in budget.

Hong Kong transport

Hong Kong taxis, minibuses to get 2-month LPG subsidy amid soaring fuel prices

Finance chief Paul Chan says task force monitoring fuel prices has proposed 50 HK cents per litre subsidy for two months, starting in May.

Banking & finance

Hong Kong’s IPO lead

Hong Kong has retained its crown as the world’s busiest market for initial public offerings so far this year, helped by offerings from printed circuit board maker Victory Giant and pork producer Muyuan Foods.

Hong Kong’s IPO lead
Mainland China

Letters | As data leaks surge, Hong Kong needs to mandate reporting

Readers discuss why the city should require data breaches to be reported, whether more rubbish bins are a solution to littering, and an iconic skyscraper.

In 2025, there was a 21 per cent rise in data breach cases year on year recorded by the Office of the Privacy Commissioner for Personal Data. Photo: Shutterstock Images
Hong Kong cinema

Editorial | Hong Kong cinema can still succeed

The industry needs more than subsidies and discounts to sustain development. It must reinvent itself with more gems and new operating models.

Hong Kong property

Pair of Hong Kong luxury homes sells for US$41 million as market sizzles

Mainland China property tycoon reaps 86 per cent gain on 2010 investment, following another sale in the same project that netted 77 per cent.

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