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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.
Diners at a restaurant in Tsim Sha Tsui. The city recorded a 10 per cent drop in restaurant sales. Photo: Jelly Tse
Hong Kong

Hong Kong restaurant sales drop 10% over Christmas as cross-border trips spike

While restaurants struggle to attract diners, one hotel group says its properties recorded 90 per cent occupancy.

Hong Kong

Architect of Hong Kong’s Octopus card retires with dreams of ‘tap-free’ access

Cryptocurrency

Hong Kong to broaden crypto rules with new licences for dealers and custodians

Hong Kong tourism

Japan popular with Hong Kong travellers over Christmas, Harbin gaining appeal

Despite row with China, Japan remains popular with Hongkongers, with mainland cities such as Harbin and Yunnan gaining appeal.

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A street in Kamakura, in Japan’s Kanagawa prefecture, packed with tourists on December 17. Photo: Kyodo
Hong Kong

Guest house rates hit 5-year high as tourists flock to Hong Kong for Christmas

But industry leader warns city’s image as tourist destination skewed by exorbitant rates of five-star hotels, while budget lodgings remain largely unknown.

Hong Kong society

Christmas Eve crowds gather in Hong Kong but festive atmosphere ‘more subdued’

Families at the Tsim Sha Tsui waterfront say celebrations are more muted this year after the deadly Tai Po fire last month.

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Hong Kong politics

Young people’s input needed on pressing Hong Kong issues, incoming lawmaker says

Lawmaker-elect Grace Chan also says there is room for more effective communication within the social welfare sector.

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Grace Chan beat two other candidates for the social welfare seat. Photo: Edmond So
Food and Drinks

Looking back on a bruising year for Hong Kong’s bar industry

Poignant closures included Stockton, The Daily Tot and Foxglove, but 2025 was also the year of the neighbourhood bar, from Mius and Oasis to Sugar King.

Hong Kong tourism

Hong Kong opens bid for next Kai Tak Cruise Terminal operator with stricter KPIs

New term set to begin on June 1, 2028, with the winning bidder set to manage the facility for 10 years, with a possible five-year extension.

Hong Kong tourism

Japan loses out as Hongkongers pick South Korea, mainland China this Christmas

‘The main reason is that Japan has experienced several incidents … including bear attacks and earthquakes,’ Travel Industry Council says.

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Around 1,500 outbound tours are expected to depart the city this Christmas. Photo: Dickson Lee
Hong Kong

Hong Kong firms hoping new southbound travel scheme will drive more business

Social media users are selling driving courses to Guangdong car owners while local companies are offering perks to attract business.

Scheme applicants must obtain Hong Kong driving licences and complete local licensing formalities. Photo: Eugene Lee
Hong Kong

Editorial | Hong Kong can and must remain competitive with Hainan

The island’s customs reform may affect certain sectors in Hong Kong. The city should innovate, adapt and reinforce unique advantages.

Hong Kong

Hong Kong tightens rules for waterfront event space after hot-air balloon fiasco

Bids invited for the development, operation, management and maintenance of The Pier in Hung Hom for about three years.

Hong Kong

Bridge work starts as Hong Kong opens tech park in cross-border innovation hub

City leader says bridge will open up transport networks of cooperation zone and promote cross-border talent flow and integration.

An aerial view of the Hong Kong-Shenzhen Innovation and Technology Park, located in the Northern Metropolis. Photo: Eugene Lee
Hong Kong transport

Hong Kong’s famed Peak Tram to increase standard fares by up to 40%

Return tickets for adults will cost HK$116 from next Monday, while fares for children and the elderly will jump to HK$75.

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The Peak Tram is a popular tourist attraction. Photo: Sam Tsang
Hong Kong

Hong Kong restaurants eye Lunar New Year boost after weak winter solstice sales

Slump in sales for traditional dinner gatherings tied to Tai Po fire tragedy, with restaurants looking to February for turnaround.

Retailing

As Landmark revamps its offerings, retail concept Belowground debuts a new look

The upscale mall in Hong Kong’s Central district is undergoing a multimillion-dollar, three-year redevelopment for a new generation of shoppers.

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Hong Kong property

The View | Rebound in Hong Kong’s Central office market could be turning point

At a time when uneven K-shaped recoveries are increasingly prevalent, Hong Kong’s office sector is experiencing its own unbalanced rebound.

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Office towers on Hong Kong Island are seen across the water at sunset on November 15. Photo: Jelly Tse
China's economic recovery

Letters | Shenzhen-Hong Kong special zone could better serve national economy

Readers discuss takeaways from the central economic work conference, native-level English proficiency, and how to honour those lost in the Tai Po fire.

Hong Kong tourism

Editorial | Visitor targets in sight as Hong Kong back on map for tourists

Major events and new venues have tourists flocking to Hong Kong again, with growth led by non-mainland long-haul visitors.

Hong Kong

Opinion | Frenzy around Hong Kong Palace Museum’s Egyptian show offers food for thought

The episode is a reminder to all of us to give our policies and plans time to bear fruit, allowing room for creative thinking and recovery from mistakes.

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Visitors at the souvenir shop in the Hong Kong Palace Museum on November 24. The museum expects the Egyptian exhibition to be its most profitable so far. Photo: Jelly Tse
Macau

New bypass and transport links to boost Hong Kong’s competitiveness: Paul Chan

Finance chief also says city’s planned major road and rail expansion will drive deeper Greater Bay Area integration.

The long-awaited Yau Ma Tei section of the Central Kowloon Bypass has officially opened on Sunday. Photo: Eugene Lee
Hong Kong transport

Hong Kong’s MTR Corp gets green light to plan 7.5km South Island line extension

Transport chief Mable Chan describes the new project as the ‘future power line’ of Southern district.

Hong Kong society

Hong Kong to exempt 90% of households from ‘re-engineered’ 2026 census

Authorities will use a different method to track the city’s demographics in a major break from decades of statistical tradition.

US-China relations

US highlights Panama security ties as China-linked canal ports deal stalls

US envoy’s coastguard visit near Panama comes as Beijing presses for Cosco control and Washington pushes back.

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US Ambassador Kevin Cabrera visited the US Coast Guard cutter Alert during its port call in Panama City, highlighting the enduring maritime partnership between the United States and Panama. Photo: Handout
Russia

Hong Kong Palace Museum says Egyptian exhibition will be most profitable show yet

About 700,000 people expected to visit display over nine-month run, director Louis Ng says.

A coffin displayed as part of the “Ancient Egypt Unveiled: Treasures from Egyptian Museums” at the Hong Kong Palace Museum. Photo: Sam Tsang
Hong Kong aviation

Hong Kong to become Asia’s leading aircraft recycling hub, John Lee vows

City leader says opening of Aircraft Engineering Training Centre is ‘major step’, adds hub will create ‘better-paid and high-skill jobs’.

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Hong Kong property

Hong Kong logistics group’s CEO buys US$17 million luxury home

An entity linked to Arnold Lee, CEO of Hecny Group, buys a 2,772 sq ft flat at The Legacy in Mid-Levels West.

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