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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 fixed penalty for smoking offences has doubled to HK$3,000. Photo: Jelly Tse
Hong Kong healthcare and hospitals

Most Hong Kong residents support more smoking control measures, study finds

Raising tobacco tax progressively could cut the city’s smoking rate significantly within a decade, separate study estimates.

Hong Kong

Hong Kong corporate governance activist David Webb dies at 60

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Education in Hong Kong

Nearly 1 in 4 Hong Kong students can’t finish homework without AI, study shows

Northern Metropolis

Hong Kong’s SHKP secures HK$1.4 billion land deal in Northern Metropolis

Property giant says site could yield over 1.2 million sq ft of floor area and 2,700 flats, making it one of the biggest housing projects in the area.

According to SHKP, the site in Kwu Tung South could yield over 1.2 million sq ft of floor area and more than 2,700 flats. Photo: Eugene Lee
Hong Kong International Airport

Letters | Hong Kong airport has recovered well from the pandemic

Readers discuss the competitiveness of HKIA, the impact of the medical fee hike, and the success of the high-speed rail link.

Mainland China

Hong Kong and Nansha target global drone benchmark via cross-border trials

Academics, stakeholders, drone and eVTOL operators, and research institutes from both sides to formulate aligned standards through a closed-loop model.

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Hong Kong culture

Editorial | Amid Back to the Past’s success, Hong Kong cinema should look to the future

Although its heyday may be over, the city’s film industry must focus on quality over quantity as it adapts to the changing world of entertainment.

Hong Kong filmgoers look at a poster advertising “Back to the Past” in Causeway Bay, on January 2. Photo: Nora Tam
Hong Kong transport

Editorial | Expanded Hong Kong-mainland rail links can be engine of growth

The addition of new destinations offers travellers more options and further unlocks the economic potential of the high-speed rail service.

Hong Kong property

Hong Kong’s housing market gets a vote of confidence from major banks

Most financial institutions forecast price gains ranging from 5 to 10 per cent, supported by supply constraints and end-user demand.

Artificial intelligence

Producers at Hong Kong toy fair bet on AI-powered plushies to double sales

But some buyers also express concerns over use of the technology in toys for children.

AI-powered plushies were among the highlights at this year’s toy fair. Photo: Sam Tsang
Hong Kong transport

Seats sell out on Hong Kong’s new high-speed rail routes to mainland China

Business-class seats on the January 26 train to Nanjing South, priced at HK$3,136, were sold out by Monday afternoon.

The MTR Corporation announced on Sunday that it would add 16 new destinations to its high-speed rail network from Hong Kong. Photo: Sam Tsang
Hong Kong society

Hong Kong’s Ma On Shan loses its only cinema amid wave of movie theatre closures

Emperor Cinemas shuts down its MOSTown shopping centre theatre on Monday, saying vouchers and coupons still valid at other branches.

Hong Kong transport

Over 1,000 apply as online slots for test-free Hong Kong driving licence go fast

Post reporter tried to secure spot at 7am but was met with a digital bottleneck that saw all available slots snapped up in just over 30 minutes.

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Hong Kong budget 2026-27

Hong Kong must issue bonds as public works drive capital account deficit: Paul Chan

Finance chief also says annual budget will be delivered on February 25.

Construction is under way at the Hong Kong-Shenzhen Innovation and Technology Park. Photo: Eugene Lee
Hong Kong budget 2025-26

Opinion | Hong Kong returning to surplus no excuse for splashing budget cash

Northern Metropolis ambitions and Tai Po fire recovery will test the city’s commitment to fiscal prudence.

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Financial Secretary Paul Chan Mo-po gives a speech at the Hong Kong Coalition of Professional Services luncheon at New World Harbour View in Wan Chai on March 11, 2025. Photo: Jonathan Wong
Saudi Arabia

Hong Kong firm aims to build 30,000 modular flats a year with Saudi partner

AluHouse and Saudi Arabian partner will build factory to produce prefabricated flats and meet rising demand for homes in the Middle East.

Hong Kong tourism

Editorial | Tighter rules will help ensure Hong Kong’s harbourfront events dazzle

Stricter standards for Central Harbourfront Event Space tenants are meant to make sure the site is well utilised and events live up to expectations.

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Hong Kong’s Tai Po fire tragedy

Including suppliers in new Hong Kong rules on scaffolding nets ‘overreaching’

Secretary for Development Bernadette Linn also says there is no need for an across-the-board switch from bamboo to metal scaffolding.

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Workers remove scaffolding nets from a building in Hong Kong. Photo: Dickson Lee
Hong Kong society

Hundreds flock to Fortnum & Mason’s Hong Kong branch closing sale

Hongkongers rush to British department store’s Tsim Sha Tsui outlet in search of bargains, discounted luxury goods ahead of January 26 closure.

Hong Kong budget 2026-27

Hong Kong’s finance chief confirms early surplus, vows more elderly support

Paul Chan cites financial market performance and stock trading stamp duty for surplus, as he addresses calls for more welfare at public forum.

Hong Kong property

Hong Kong’s SHKP continues sell-out streak at Sierra Sea

Homebuyers snap up all 213 new flats on sale at Sierra Sea’s Phase 2A as of 9pm on Saturday.

Sun Hung Kai Properties’ deputy managing director Victor Lui (left) and real state agency general manager Allen Woo hold a banner marking the latest Sierra Sea sell-out. Photo: Handout
Banking & finance

What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

HSBC’s historic US$13.6 billion buyout of Hang Seng Bank aims to cut costs, tackle bad debts and fuel growth, but challenges abound.

Illustration by Henry Wong
Northern Metropolis

Opinion | Northern Metropolis can combine best of central planning and free market

Guided by the national five-year plans, the Hong Kong government is changing policies and offering attractive terms for the project.

Hong Kong healthcare and hospitals

Hong Kong hospital A&E department visits fall 12% after new fees take effect

Number of people benefiting from fee waivers under new pricing regime that started on January 1 triples.

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Hong Kong

Hong Kong sets up 13-member expert panel to help mainland firms expand overseas

Establishment of Expert Committee on Professional Services for Going Global builds on new platform to help match local providers with firms.

Pedestrians cross the street in Central. Photo: Jelly Tse
Retail properties

Fortnum & Mason’s Hong Kong branch to close on January 25, holds clearance sale

‘We would like to express our deepest thanks to you, our customers, for your custom over the years,’ Hong Kong branch says.

The Hong Kong branch opened in 2019. Photo: Handout
Hong Kong

The Drone Age: hi-tech wizardry propels Hong Kong towards lift-off

As Hong Kong prepares to enter the era of flying taxis, key players roll out groundbreaking innovations at the cutting edge of technology.

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Hong Kong property

Repeat buyer tucks into another McDonald’s Hong Kong shop for US$15.2 million

Evergreen Capital Partners added the Causeway Bay shop to its portfolio after acquiring two other outlets from the fast-food giant.

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