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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.
Hong Kong Post’s HK$821 million loss in 2024-25 was its biggest since 1995. Photo Jelly Tse
Hong Kong society

Hong Kong to keep ‘open mind’ on options for struggling postal service

Government ‘comprehensively’ reviewing Hongkong Post’s operating model and will submit a report on the long-term road map in three years.

Central Asia

Hong Kong media groups sign Kazakhstan deals to deepen journalism, business ties

Hong Kong

Hong Kong retail sales rise 8.6% in April, but ‘full recovery has yet to emerge’

Central Asia

Hong Kong to relaunch direct flights to Kazakhstan in first quarter of 2027

City leader John Lee vows to push for 30-day visa-free access to Central Asian country, while Cathay says it will offer three flights per week.

Chief Executive John Lee (third right) and other officials attend a meeting with Baiterek National Investment Holding in Astana. Photo: Handout
Hong Kong

Hong Kong leader’s visit set to unlock Kazakh flights, with incentives eyed

Hong Kong-based airline exploring launching such flights up to three times a week but details are being ironed out.

Water sports

Editorial | Hong Kong is on course to benefit from hosting SailGP event

Having signed a one-year contract with the racing league that could be extended, the city must now ensure the event runs smoothly.

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Banking & finance

Why are Asia’s families eyeing liquid assets to secure their children’s wealth?

More of the continent’s parents are providing share portfolios and other assets for their offspring as confidence in property begins to wane.

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Illustration: Davies Christian
Hong Kong

Make use of Hong Kong’s advantages, John Lee urges Kazakhstan leaders, companies

Lee meets President Kassym-Jomart Tokayev as delegation seals wide range of partnership deals on first day of Central Asia trip.

Animal welfare in Hong Kong

Hong Kong steps up random dog licence checks, warns owners of prosecutions

Agriculture, Fisheries and Conservation Department will scan dogs in public places to verify whether a microchip has been implanted.

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Hong Kong courts

Defunct Hong Kong bakery chain fined HK$251,800 over unpaid wages

Taipan Bread & Cakes, Taipan Restaurant and parent company Vast Luck failed to pay 47 employees following closure of all outlets on June 24 last year.

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Bakery chain Taipan shut all its retail outlets in June last year. Photo: Nora Tam
Middle East

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact.

Paul Chan says rising fuel prices will push up inflation, but the impact on Hong Kong remains limited. Photo: Sam Tsang
Hong Kong society

Eminent scientist returns to Hong Kong to lead HKUST’s new medical school

King Li says he is honoured to take up the role at HKUST, pledging to nurture future leaders of ‘healthcare revolution’.

Hong Kong politics

Opinion | Who benefits from the ‘significant improvement’ in Hong Kong’s finances?

When it comes to this year’s civil service pay rises, policymakers would do well to consider public sentiment.

Central Asia

Hong Kong’s John Lee on Central Asia mission to explore new markets, expand ties

Dozens of agreements are expected to be signed during delegation’s five-day trip to Kazakhstan and Uzbekistan.

The delegation’s first stop on the five-day trip to Central Asia is Astana. Photo: Reuters
Hong Kong

Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in its ‘Stage 3.0’: Charles Li

Veteran deal maker urges an IPO link to lure global resource giants and turn Chinese buyers into owners as city solidifies role as East-West bridge and global capital hub.

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Illustration: Victor Sanjinez
Hong Kong society

Can Hongkong Post be saved or should it become a taxpayer-funded public service?

Observers say HK$4.6 billion rescue plan only buys time as officials must decide whether basic public services should override push for profit.

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Hong Kong

High rents, job fears rank among top stressors for mainland students in Hong Kong

But over 40 per cent still plan to stay in city after graduation despite financial and mental strain, poll finds.

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Hong Kong science and tech

Hong Kong may host Shenzhou-23 crew in 2027, including astronaut Lai Ka-ying

Tech chief Sun Dong also says new space manufacturing research centre focusing on AI and 3D printing will be established this year.

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(From left) Lai Ka-ying, Zhang Zhiyuan and Zhu Yangzhu at the mission send-off ceremony at the Jiuquan Satellite Launch Centre in northwestern China. Photo: Xinhua
Hong Kong

Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Initiative would build on AI and finance convergence while supporting yuan internationalisation, finance chief Paul Chan says.

Central Asia

More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say

Tour operators are linking up with mainland Chinese who have settled in region, giving city residents new ways to explore unconventional destinations.

Science

Editorial | One small step, one giant leap for Hong Kong’s space economy

When space missions are no longer distant goals for the nation and the city, there is no reason not to aim higher.

Lai Ka-ying, the first astronaut from Hong Kong, waves before taking part in the Shenzhou-23 mission to the Tiangong space station, at Jiuquan Satellite Launch Centre in Gansu province on May 24. Photo: Reuters
Hong Kong

Inaugural Hong Kong Comic Con draws massive crowds and global vendors

Pop culture enthusiasts pack exhibition floor, driving optimism among international exhibitors for three-day event.

A Dragon Ball statue dominates the floor at Hong Kong Comic Con at the Convention and Exhibition Centre.. Photo: Dickson Lee
Hong Kong

Hong Kong must remove bottlenecks to grow yacht economy, industry leaders say

Call comes after Beijing eases restrictions on yachts from Hong Kong and Macau entering mainland cities in Greater Bay Area.

Hong Kong

Beijing to release Hong Kong yacht policy with mainland port details next month

State Council revamps maritime policies, exempting Hong Kong and Macau yachts from customs guarantees and simplifying registration in Greater Bay Area.

HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

US$6.1 trillion exchange marks its 40th year amid fierce global competition, as brokers see challenges sparking opportunities.

Illustration: Brian Wang
Hong Kong transport

Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing

Industry leader Chau Kwok-keung estimates about 1,800 out of city’s 18,163 cabs will be repossessed by banks as owners fail to meet mortgage payments.

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Chau Kwok-keung, chairman of the Hong Kong Taxi and Public Light Bus Association, says many owners “feel hopeless about the industry’s future”. Photo: Edmond So
Hong Kong society

Hong Kong’s John Lee, lawmakers hold talks on city’s first five-year blueprint

Closed-door meeting held ahead of the government’s planned launch of a public consultation next month.

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Hong Kong healthcare and hospitals

Taxpayers ‘won’t lose out’ if CUHK medical centre pays off public loan early

Lawmaker argues hospital is taking advantage of government after previously seeking repayment extensions during difficult times.

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