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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.
Buyers queue to enter the Hong Kong International Jewellery Show at the Hong Kong Convention and Exhibition Centre on Wednesday. Photo: Sam Tsang
US, Israel war on Iran

Middle East exhibitors at Hong Kong jewellery fair rue poorer sales, attendance

While organiser reports only ‘small’ dip in participants, at least two firms expect fewer clients due to travel disruptions caused by war in Iran.

Hong Kong healthcare and hospitals

Hong Kong launches 3-year action plan to help residents fight the flab

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Retailing

Hong Kong’s retail sales rise 5.5% in January as tourists loosen purse strings

Hong Kong

Beijing to roll out more measures for Hong Kong as John Lee praised for work

Central government will also make further arrangements in 15th five-year plan to support Hong Kong, National People’s Congress spokesman says.

The opening meeting of the fourth session of the 14th National Committee of the Chinese People’s Political Consultative Conference held today at the Great Hall of the People in Beijing. Photo: Xinhua
Middle East

10% rise in costs expected as shipping giant halts Middle East bookings

Hong Kong sector representatives expect increase to be driven by rising fuel prices, longer voyages, war-risk charges and higher insurance costs.

Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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Iran

From oil spikes to power bills, how war on Iran will hit Hongkongers’ wallets

Residents may face higher energy and dining costs as analysts stress the city cannot remain immune to surging oil prices.

Analysts warn Hong Kong may feel the impact of rising oil prices amid the escalating conflict in the Middle East. Photo: Sam Tsang
Banking & finance

Editorial | Hong Kong is a beacon of stability for global talent and capital

In an increasingly uncertain world, Hong Kong, backed by the country, continues to be a safe place for investment and opportunities.

Hong Kong tourism

Hong Kong convention centre to host more medical, tech, finance, education events

Events linked to these four sectors will account for 43 per cent of activities held this year, venue’s managing director says.

Hong Kong politics

Focus on development and cherish stability, Xia Baolong urges Hong Kong

Hong Kong and Macau Affairs Office director meets local delegates ahead of annual political gatherings in capital.

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The core message of the meeting was for delegates to “unite together and work together”, an attendee said. Photo: Handout
Hong Kong property

Can HKIC fix Hong Kong’s 15 million square-foot office vacancy problem?

Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery.

A general view of prime commercial buildings in Hong Kong’s Central district. Photo: UCG/Universal Images Group via Getty Images
Middle East

Middle East conflict to drive up airfares for Hong Kong travellers: analysts

Suspension of major transit hubs in Dubai and Doha sends travellers scrambling for flights on ‘conflict-free’ paths to Europe.

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Mainland China

Mainland Chinese firm to build HK$23.8 billion Hong Kong supercomputing hub

Range Intelligent Computing Technology to commence operations in 42 months, with a cumulative investment of HK$23.8 billion over the first three years.

Secretary for Labour and Welfare (HK)

Middle East tensions highlight Hong Kong’s stability, opportunities: minister

Chris Sun also reveals over 270,000 non-locals settled in Hong Kong as of January 31, with 40 per cent admitted through Top Talent Pass Scheme.

A crowded pedestrian crossing in Hong Kong’s central business district. The city will host the Global Talent Summit Week later this month. Photo: Jelly Tse
Middle East

Hong Kong exporters and exhibitors face fallout from US-Israel strikes on Iran

Traders grapple with surging oil and freight costs, while flight disruptions compound challenges for Middle East exhibitors in the city.

Exporters in Hong Kong have been hit by freight delays and surging costs as tensions mount. Photo: Sam Tsang
Hong Kong

Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years

Number of applicants surges in second year, with most of the deployed capital going into authorised funds, equities and debt securities.

Hong Kong budget 2026-27

Legal framework for Northern Metropolis to be tabled at Legco on March 24

Latest budget is seeking HK$30 billion in initial capital for development of Hetao Hong Kong Park, San Tin Technopole and Shui Kiu Industry Park.

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Hong Kong budget 2026-27

Robots, jets and yachts: Hong Kong aims for new fairs to woo big spenders

Commerce chief says push in response to HK$100 million budgeted to ‘attract large international exhibitions with new elements to Hong Kong’.

An interactive robotic installation called “Godspeed” by Bill Vorn and Louis-Philippe Demers at last year’s Hong Kong International AI Art Festival. Photo: Dickson Lee
Hong Kong property

China Resources subsidiary acquires Hong Kong hotel for student housing project

CR Longdation buys Kwai Chung hotel for US$122 million and plans 900-bed facility as non-local student numbers continue to rise.

US, Israel war on Iran

Hong Kong government ‘prepared’ for volatility after Iran attacks: Paul Chan

Finance chief says authorities will manage financial risks and impacts on trade, while noting that capital may flow to ‘safe haven’ of Hong Kong.

Hong Kong transport

35 Hong Kong to Mideast flights disrupted, with more expected after attack on Iran

Passengers already packing Hong Kong airport to inquire about suspended departures to Riyadh, Doha and Qatar from day before.

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Passengers affected by disruptions to Cathay Pacific flights to Riyadh and Dubai queue to make inquiries at the airline’s check-in counters at Hong Kong International Airport on Saturday. Photo: Dickson Lee
Hong Kong environmental issues

Editorial | Hong Kong wants ecotourism, not overtourism

After incidents of overcrowding at beach campsites during recent holidays, it is encouraging that the authorities are considering a booking system and fees.

Overflowing bins and litter on the beach in the scenic district of Sai Kung after the number of camping tents exceeded the designed capacity by over 10 times on the second day of the Chinese New Year. Photo:Greenpeace
Hong Kong tourism

Scam-hit Cambodia tries to woo Hong Kong but travel agencies have doubts

Tourism board chief says addressing visitors’ safety concerns is a priority, adding that government is ‘determined’ to get rid of scam compounds.

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Hong Kong budget 2026-27

No Exchange Fund withdrawal in next 5 years after latest transfers: Paul Chan

Finance chief assures public the HK$150 billion withdrawal will not be repeated under current medium-range forecast.

Hong Kong budget 2026-27

Opinion | Hong Kong’s fiscal surplus is cause for celebration, not complacency

More creative strategies are needed to secure the city’s long-term liquidity amid an ageing population and increased infrastructure spending.

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Illustration: Craig Stephens
Hong Kong housing

Some Hong Kong landlords spend millions fixing subdivided flats ahead of new law

As some rush to revamp subdivided flats before the new law takes effect, others hesitate, wary of exact requirements, hidden costs and uncertain returns.

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Matthew Lau is among the first landlords to rectify his properties. Photo: Jonathan Wong
Hong Kong budget 2026-27

Editorial | As Hong Kong’s economy recovers, it must drive Northern Metropolis

While the government’s proposal to dip into the Exchange Fund is unusual, new economic and geopolitical circumstances call for fresh thinking.

Hong Kong housing

Hong Kong to offer 9 residential sites to developers in 2026-27 land sale plan

Sites include three from previous programme and are expected to yield about 6,650 flats, development chief Bernadette Linn says.

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