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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.
Finance minister Paul Chan revealed the cover of Hong Kong’s annual budget in his weekly blog. Photo: Handout
Hong Kong

Hong Kong budget must be ‘prudent’, balance social needs and reserves: Paul Chan

Finance chief also reveals purple cover of coming 2026-27 budget, saying it symbolises Hong Kong’s economic growth amid external volatility.

Hong Kong budget 2026-27

Hong Kong budget 2026-27: what’s holding back the city’s tech and talent schemes?

Hong Kong culture

Editorial | Hong Kong’s West Kowloon arts hub must use financial reprieve wisely

Donald Trump

New US 10% global tariff will have ‘limited impact’ on Hong Kong: treasury chief

Christopher Hui cites city’s service-dominated economy as buffer and says US move highlights Hong Kong’s safe haven status.

The container terminal at Tsing Yi. Treasury chief Christopher Hui says the new US tariff underscores the importance of predictability in investment. Photo: Dickson Lee
Hong Kong budget 2026-27

Hong Kong budget 2026-27: ‘sweeteners’ for grass roots or the middle class?

Debate grows in the wake of finance chief’s projection that city will achieve early operating account surplus after three-year deficit.

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Hong Kong

Hong Kong’s jobless rate edges up to 3.9%

But authorities remain optimistic, saying growing economy will support labour market going forward.

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Hong Kong tourism

Hongkongers make 1.4 million outbound trips over Lunar New Year break

Local tourism sector reports modest gains this year despite nearly 13 per cent drop in mainland Chinese arrivals from pre-pandemic levels.

Hong Kong travellers leaving the city via the Hong Kong-Zhuhai-Macau Bridge. Photo: Jonathan Wong
Hong Kong

Letters | An orderly Hong Kong can remain open and outward-looking

Readers discuss Western media reactions to the Jimmy Lai case sentencing, the city’s roads, and the need for public bodies to do more to protect residents’ interests.

Hong Kong budget 2026-27

What’s at stake for Hong Kong as reflected in budget 2026-27?

Analysts are upbeat amid city’s booming IPO sector and thriving financial market, but warn of geopolitical headwinds.

Banking & finance

Editorial | Hong Kong regulators are right to scrutinise IPO applications

To protect the city’s long-term financial health, investment banks must ensure that only quality applicants become publicly listed.

People walk past Exchange Square, which houses the Hong Kong Exchanges and Clearing, in Central on April 3, 2025. Photo: Nathan Tsui
Banking & finance

HK$10,000 bonus, extra day off: Hong Kong banks reward staff returning to work

Bank of China (Hong Kong) is giving away hampers, ZA Bank is paying a HK$10,000 bonus, while HSBC and Hang Seng are offering HK$500.

Banks in Hong Kong are offering generous return-to-work lai see packets and gifts to their employees. Photo: Jelly Tse
Hong Kong society

Editorial | Minimum wage rises must not leave behind city’s most vulnerable

As the economic pie grows, money-making companies can afford to do more so employees who are struggling get their fair share of return.

Hong Kong environmental issues

Green group calls for action after Hong Kong campsites packed

More tents at Ham Tin Wan and Sai Wan campsites in Sai Kung but situation ‘under control’, authorities say.

Hong Kong tourism

Hong Kong hotels, tourist-area eateries report brisk trade over Lunar New Year

Locals left city in droves from February 13 to 18, with residents making 2.5 million journeys out, compared with 1 million tourist arrivals.

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Crowds of travellers at the Shenzhen Bay Bridge border crossing on Thursday. Photo: Dickson Lee
Lunar New Year

Crowds continue to flood Hong Kong attractions despite outbound travel surge

Popular spots across city continue to draw large festive crowds, even as data shows nearly 16 per cent rise in net outflow during holiday period.

Crowds flocked to the Che Kung Temple in Sha Tin. Photo: Edmond So
Mainland China

How Guangdong drivers are celebrating Lunar New Year in Hong Kong

‘I’m a fan of Hong Kong’s car culture, so I wanted to see how local owners modify their vehicles and chat with them about cars,’ one visitor says.

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Hong Kong property

Exclusive | Mongolian mining family buys Stanley home as luxury sales set new record

Tselmuun Nyamtaishir, president and CEO of Mongolyn Alt, said the home is intended as a retirement residence for family use.

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Hong Kong

Footbridge linking Hong Kong’s Central Pier with IFC to close for demolition

New temporary walkway to open on Thursday, developer Henderson Land says.

The footbridge linking Hong Kong’s Central Pier with the International Financial Centre will be demolished. Photo: Edmond So
Hong Kong society

Hong Kong’s Lunar New Year fireworks dazzle as visitor numbers gallop ahead

City leader John Lee vows to carry out reforms at full speed, says to public ‘let’s march forward bravely and confidently together’ in new year.

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Hong Kong society

Large section of ceiling plunges into Hong Kong estate’s indoor pool

Indoor swimming pool at Lake Silver estate in Ma On Shan ‘closed for a detailed inspection’.

Hong Kong society

Tens of thousands line streets for Hong Kong’s Lunar New Year night parade

Float parade to mark start of the Year of the Horse begins with an East-meets-West street party.

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The Cathay International Chinese New Year Night Parade in Tsim Sha Tsui on Tuesday evening. Photo: Jonathan Wong
Hong Kong

How Hong Kong will signal gallop towards prosperity with Lunar New Year fireworks

As the city prepares to welcome the Year of the Horse, the SCMP takes a look at the highlights of the spectacle and where best to watch it.

Themed “Prosperity Gallops Across Hong Kong,” the fireworks show will feature vibrant elements inspired by the energy and spirit of horses. Photo: HKJC
Hong Kong transport

Hong Kong airport’s second terminal to fully open, serve 15 airlines from May 27

Transport and logistics minister Mable Chan says the two terminals will complement each other and ‘greatly enhance’ the airport’s capacity.

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Hong Kong society

Thousands flock to Hong Kong temple for Lunar New Year incense stick ritual

Wong Tai Sin Temple throws open its doors as worshippers pray for prosperity and health in the Year of the Horse.

Hong Kong tourism

Few signs of littering as Hong Kong campsites fill up for Lunar New Year break

Following previous complaints, government has vowed to take a more proactive approach to tackle littering at sites this year.

Wu Handeng (left) and Jiang Li are camping on the beach. Photo: Edmond So
Hong Kong society

Curry fishball toys a hit as Hong Kong nostalgia shines at Lunar New Year fair

Vendors say locally designed Hong Kong-themed merchandise drew in customers at Victoria Park’s Lunar New Year fair.

Plush toys resembling Hong Kong street snacks were a hit at the Lunar New Year fair at Victoria Park, Causeway Bay. Photo: Edmond So
Hong Kong

Traffic gridlock in Hong Kong as crowds throng last day of Lunar New Year fair

Roads surrounding flower market at Victoria Park and connecting tram and bus routes grind to a halt amid crowds seeking last-minute bargains.

Hong Kong property

Kerry Properties secures Hong Kong’s latest residential plot for US$177 million

Kerry beat seven bidders for the rights to develop a residential project on the 1,349-square-metre parcel in the Eastern district.

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