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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.
For subdivided flats to remain on the market, they will have to meet certain standards. Photo: Dickson Lee
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

Hong Kong

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

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.

The new hospital has a total gross floor area of 500,000 square metres. Photo: Elson Li
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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US, Israel war on Iran

Is oil crisis just the start of economic pain for Hongkongers?

With diesel and petrol prices in city highest in the world, analysts warn that consumers will inevitably feel the impact in their wallets.

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Hong Kong

Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

Government proposes to raise borrowing ceiling from HK$700 billion to HK$900 billion to fund infrastructure development.

Development of the Northern Metropolis near the border with mainland China is a key scheme. Photo: Dickson Lee
Legislative Council election 2025

Hong Kong spent HK$1.13 billion on Legco poll, up by 35% over figure for 2021

Authorities point to rising technology expenses, staff salaries and venue rentals for increased expenditure.

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Traditional Chinese medicine (TCM)

Ex-Hong Kong leader’s Chinese medicine platform to link mainland and global markets

Leung Chun-ying launches Hong Kong-based trading platform to boost transparency, efficiency and global reach of branch of medical practice.

Hong Kong

Diesel subsidies, cheaper tolls to help transport sector as fuel costs soar

Short-term relief measures include diesel subsidies of HK$3 per litre, half-price tunnel tolls for non-private vehicles.

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Transport firms say rising fuel costs are making it difficult to operate. Photo: Jelly Tse
Hong Kong

Opinion | Hong Kong’s global future depends on diverse talent

To sharpen its competitive edge, the city must look beyond traditional borders to widen its narrowing talent pipeline.

Illustration: Craig Stephens
US, Israel war on Iran

US-Iran ceasefire unlikely to cause big fuel price drop: Hong Kong economists

‘It will take several months for prices to gradually decline after the war ends completely,’ expert says.

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Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.

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Hong Kong

Easter box office takings twice that of 2025 break despite exodus of Hongkongers

Local cinemas earn HK$25.93 million in first four days of holiday, double the figure year on year from the 2025 Easter break.

A still from Night King, the highest-grossing Hong Kong movie over the Easter holiday. Photo: Handout
Paul Chan

24% of Hong Kong firms to widely adopt AI, with smaller headcounts expected: KPMG

Survey by professional services firm shows number of companies expected to widely adopt technology up 8 per cent from 2025 figure.

Office buildings in Central. Nearly a quarter of Hong Kong companies are expected to widely adopt AI this year. Photo: Jelly Tse
Hong Kong politics

Hong Kong immigration chief granted service extension past retirement age

Government says Benson Kwok’s extension aims to ensure a smooth leadership transition within Immigration Department.

US, Israel war on Iran

80% of Hong Kong fishing vessels grounded due to high fuel prices

Moratorium planned for May 1 but going out to sea already untenable for most fishermen as sector leader warns fish supply likely to fall.

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Hong Kong

City to set up company this year to fast-track San Tin I&T hub as firms eye move

Government expects to set up fully owned firm by end of year, with CEO and board appointments set for second and third quarters, official Kevin Choi says.

Authorities have said they will set up a company this year to accelerate the development of the San Tin Technopole. Photo: Sam Tsang
Hong Kong

New research institute to ramp up efforts as Hong Kong pursues ‘AI for all’

Artificial Intelligence Research and Development Institute’s first meeting will be held as early as this month to formulate city’s AI road map.

Hong Kong tourism

Editorial | Hong Kong must diversify and adapt to changing tourism market

Amid shifting cross-border travel and spending patterns, local businesses face challenging times as more residents leave the city during holidays.

West Kowloon Cultural District

Backlash brews for Hong Kong coffee festival over response to bad weather

Muddy grounds and rainy weather cause chaos and frustration at 2026 Coffee Hong Kong @WestK over Easter weekend.

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Staff clean up the muddy ground on the final day of the festival. Photo: Karma Lo
US, Israel war on Iran

Failed bus cuts ‘tip of iceberg’ as fuel costs soar, Hong Kong lawmakers warn

Authorities urged to approve applications by non-franchised bus firms to increase fares, and provide subsidies to offset impact of oil shock.

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ABC Touring Car Company, a non-franchised bus firm, continues to operate rides at a loss after the government rejected its application to reduce its services. Photo: Eugene Lee
Northern Metropolis

Hong Kong’s Northern Metropolis to get separate fencing hall, pool complex

Sports industry experts stress importance of good support services for athletes after government updates plan to meet global standards.

Hong Kong tourism

Car record for mega bridge’s Hong Kong crossing as F&B sector feels holiday pain

Number of outgoing residents up 14.3 per cent year on year to 2.1 million, but more inbound visitors lead to high hotel occupancy.

Hong Kong

Letters | Hong Kong is not competing with US stablecoins or the digital renminbi

Readers discuss the city’s stablecoin ambitions, the use of e-payments, and the role eHealth could play in stroke prevention.

A visitor displays a cup of coffee purchased with China’s digital yuan, or the e-CNY, at the Digital China Summit in Fuzhou, southeast China’s Fujian Province, on April 26, 2023. Photo: Xinhua
Hong Kong

Hong Kong restaurant revenues drop over Easter as departures outnumber arrivals

Estimated 6 to 7 per cent year-on-year dip in catering sector business over long weekend amid exodus of locals, F&B trade representative says.

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A restaurant in Tsim Sha Tsui on Easter Sunday. Photo: Eugene Lee
Hong Kong transport

Hong Kong bus firm scraps service cuts after warning from authorities

ABC Touring Car Company says rising oil prices mean “every service is like pouring money into the sea”.

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Hong Kong

1 in 3 Hong Kong commercial laundry operators at risk of closure as oil prices soar

Industry representatives say price of industrial diesel has increased by more than 190 per cent in just over one month.

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