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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 in Ma Liu Shui opened in September 2021 as a non-profit-making private teaching hospital on a HK$4 billion government loan granted in 2016. Photo: Edmond So
Hong Kong healthcare and hospitals

CUHK hospital to repay HK$4 billion public loan early using growing reserves

University’s council chairman says Health Bureau informed of early repayment proposal for 2016 loan to non-profit-making private teaching hospital.

Northern Metropolis

Veteran politician Jeffrey Lam to lead Hung Shui Kiu industrial park operator

Hong Kong

Opinion | Hong Kong needs the people’s wisdom for its 5-year plan to succeed

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Banking & finance

Hong Kong pushes gold futures relaunch as mainland China reserves climb

City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market.

Hong Kong’s gold market has seen rising activity amid the Middle East turmoil. Photo: dpa
Mainland China

Hong Kong restaurants can apply from May 18 to become dog-friendly venues

First phase of new scheme capped at 1,000 eateries, with successful applicants expected to be able to admit pets from July.

Wealth: Healthcare

The ultra-rich are seeking longevity through innovative AI wearables

The most innovative healthcare monitors are no longer in hospitals, but increasingly found on our own bodies, opening up the opportunity for biohacking.

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Hong Kong

Hong Kong draws over 1 million mainland ‘golden week’ visitors but spending lags

Authorities say shopping centres and catering sector reported growth, but industry leaders flag inconsistent spending.

Shoppers at a jewellery shop on Canton Road in Tsim Sha Tsui on the first day of mainland China’s “golden week” Labour Day holiday. Photo: Jelly Tse
China airliners

Expat pilots hoping to fly in China warned their credentials no longer coveted

China’s aviation market still attracts foreign pilots but they face high competition, rigid standards as overseas experience loses its shine.

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Uzbekistan

Hong Kong pledges deeper ties with Uzbekistan as China signs bilateral agreements

Hong Kong and Uzbekistan leaders meet to discuss enhanced cooperation with 15 China-Uzbek deals spanning energy, healthcare and infrastructure.

China travel

China’s record travel volume meets cautious spending in May Day holiday surge

Thousands of domestic train services added on last day of ‘golden week’ to meet record demand, and high energy costs affect consumer spending.

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Dozens of yachts are seen in waters off the coast of China’s Hainan province on Sunday, during a five-day national holiday. Photo: Xinhua
Mable Chan

Hong Kong to ban new EVs with only electronic door handles

Move aligns with mainland China’s decision following concerns that concealed door handles, which are usually electronic, pose safety risks.

A Zeekr X7 electric vehicle with a flush door handle is on display at a showroom in Beijing. Photo: AFP
Hong Kong tourism

Hong Kong retail sales jump 12.8% in March on back of higher car sales

Retail sales reached HK$33.9 billion as buyers raced to make deals before first registration tax concessions for electric cars ended.

Energy

Letters | Support for Hong Kong business should not stop at fuel subsidies

Readers call for more relief measures to help SMEs cushion the energy price shock, dismiss talk of a fur comeback, and highlight the income inequalities in climate adaptation.

Hong Kong

Editorial | With Beijing’s backing, Hong Kong can plan for future energy crises

Fuel subsidies and toll discounts are temporary measures. The city needs to align its energy strategy with China’s five-year plan.

A petrol station in Wan Chai on April 10, a day after the government proposed short-term measures including diesel subsidies of HK$3 per litre and reduced toll fees to ease pressures on the commercial transport sector. Photo: Jelly Tse
Hong Kong society

Will Hong Kong’s claw machine regulations curb gaming habits and gambling risks?

As cases of addiction linked to claw machines rise, the South China Morning Post examines the city’s regulatory push, lessons from overseas.

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Hong Kong is moving to tighten regulation of claw machines amid rising concerns over addiction and gambling-like behaviour. Photo: Sam Tsang
Mainland China

Hong Kong posts strongest quarterly economic growth in almost 5 years at 5.9%

Robust exports and resilient domestic consumer spending drive growth despite Middle East tensions and rising energy costs.

Dongguan

EcoCeres plans HK$10 billion sustainable aviation fuel plants in Greater Bay Area

Sustainable aviation fuel plants backed by tycoon Peter Lee’s family office hailed by Hong Kong leader as ‘milestone’ cross-border collaboration.

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Hong Kong

Fee, prize caps proposed for claw machines amid ‘deceptive design’ concerns

Lawmakers suggest capping plays at HK$5 and prizes at HK$300 as first step, while calling for balance between user protection and industry development.

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Lawmakers have warned of “deceptive” claw machine designs that may make winning impossible. Photo: Sam Tsang
Hong Kong environmental issues

Editorial | Hong Kong needs to better protect its natural assets from tourists

Without stronger measures that address risks all year round, the city could lose the natural heritage it seeks to showcase.

Central Asia

Uzbek PM Abdulla Aripov to join ‘milestone’ 200-member delegation in Hong Kong

Prime minister to meet city leader John Lee on Wednesday and join Uzbek officials and business leaders already exploring opportunities.

Hong Kong

‘Golden week’: Hong Kong draws more mainland Chinese visitors but spending uneven

Total visitor arrivals, including overseas travellers, reached 854,929 over first three days of Labour Day holiday, also slightly up from last year’s 803,612.

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Mainland Chinese tourists pack Sai Kung’s renowned seafood restaurants. Photo: Dickson Lee
Hong Kong

Hong Kong to tighten grip on claw machines under new licensing proposal

Move follows surge in claw and pinball machines across city, sparking concern over addiction to games with gambling elements.

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Claw machines at a shop in Temple Mall, Wong Tai Sin. Photo: Sam Tsang
Hong Kong

Hong Kong tax revenue jumps 22% to HK$458 billion

Stamp duty rose by 61 per cent as trading and property deals picked up, while profits and salaries tax also recorded solid gains.

Hong Kong budget 2026-27

Opinion | Paul Chan should welcome lawmakers’ budget scrutiny, not dismiss it

Far from being ‘alarmist’, legislators are right to raise concerns about the administration’s fiscal plans and their impact on the city’s future.

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Leung Chun-ying (CY Leung)

Exclusive | Why CY Leung thinks Hong Kong needs to strengthen maritime-related sectors

Former city leader sits down for wide-ranging interview and calls for city to develop shipping insurance and management capabilities.

The political heavyweight has said the city should adopt big-picture thinking when it comes to unpredictable global developments to minimise exposure to disruptions. Photo: Elson Li
Greater Bay Area

Editorial | Cross-border scheme could boost Hong Kong’s yacht economy dreams

The tourism sector and the city could soon get a boost from a cross-border solo travel scheme more than 10 years in the making.

Tourists sit on a yacht sailing through Victoria Harbour on August 1, 2025. Photo: Edmond So
Hong Kong transport

Opinion | Why Hong Kong subsidies should go towards food, not fuel

Rather than encourage energy consumption amid the effects of the Iran war, the city should also speed up the move to greener public transport.

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Paul Chan

Finance chief says Hong Kong on track for strongest quarterly growth in 5 years

Growth to exceed 4 per cent, fuelled by 17 per cent rise in visitors and 5.2 per cent gain in retail and catering spending, Paul Chan says.

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