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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.
A rocket blasts off from the Jiuquan Satellite Launch Centre in Inner Mongolia. China aims to cement its status as a “major space power” under the 15th five-year plan. Photo: Xinhua
LandSpace

Hong Kong eyes slice of booming ‘NewSpace’ economy as professional services hub

Chief Executive’s Policy Unit reveals that it recently hosted a high-level round table on the space economy.

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Bonds

Hong Kong dollar and yuan bonds forecast to sustain record growth in 2026

Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Hong Kong society

Smart money: how Hong Kong charity makes finance lessons fun for pupils

Hong Kong charity Talents Foundation, an Operation Santa Claus beneficiary, aims to teach young people how to manage their finances.

Talents Foundation has developed a Monopoly-like board game as part of its curriculum. Photo: Handout
Hong Kong

Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Two cities set to sign memorandum of understanding at the 19th Asian Financial Forum next week, paving way for cross-border gold trade clearing.

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Hong Kong property

Mainland Chinese buyers pour US$2 billion into Hong Kong super-luxury homes

Mainland buyers account for 80 per cent of the city’s biggest blockbuster deals in the most exclusive neighbourhoods in 2025.

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Hong Kong

Opinion | This year, Hong Kong must resolve to rewrite the script for retirement

Any long-term solution requires a re-imagination of retirement – beyond the outdated view of retirees as passive welfare recipients.

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Elderly people do their morning exercises in Fanling on August 17, 2025. Photo: Eugene Lee
Hong Kong society

Editorial | To walk the pet-friendly path, Hong Kong needs a comprehensive policy

The city will have to balance the interests of pet owners and those of others, but it’s time it moved forward on becoming more pet-friendly.

Crime in Hong Kong

Murder suspect who fled to mainland China handed over to Hong Kong police

Man, 28, was wanted in Hong Kong in connection with the murder of his girlfriend, whose body was found hidden in his flat.

Hong Kong society

As I see it | Thank you, David Webb, you made Hong Kong a better place

By exposing governance abuses and holding listed companies to account, the shareholder rights activist helped clean up the city’s investment environment.

David Webb arrives at the Foreign Correspondents’ Club in Hong Kong for a farewell fireside chat on May 12, 2025. Photo: May Tse
China Conference: Greater Bay Area

Editorial | Greater Bay Area collaboration can help Hong Kong rise to challenges ahead

The Post’s China Conference highlighted opportunities for the city in harnessing AI and strengthening cross-border data transfer security within the development zone.

The Post’s China Conference: Greater Bay Area brought together leaders, industry experts and innovators to explore the opportunities and challenges within one of the world’s most rapidly developing regions. Photo: SCMP
Hong Kong housing

Contractors’ botches lead to bans on bidding for Hong Kong public projects

Measures follow government probe into problems at three light public housing sites in Siu Lam, Tuen Mun and Chai Wan.

Artificial intelligence

Hong Kong bolsters tech hub ambitions as city hosts global AI summit

Hong Kong’s turn to host a summit under WAIC reflects Beijing’s confidence in the city’s strategic development goals.

Northern Metropolis

Hong Kong plans to build Northern Metropolis logistics hub for smart, green growth

Hub will focus on high-value goods, e-commerce and low-altitude economy, with authorities to gauge interest in the cluster’s first site this year.

Hong Kong have unveiled plans for a smart logistics hub for high-value goods, e-commerce and low-altitude economy within the Hung Shui Kiu/Ha Tsuen New Development Area, part of the Northern Metropolis mega development project. Photo: Sam Tsang
Hong Kong

Ex-Hong Kong Disneyland boss to take reins as CEO of Kai Tak Sports Park

Andrew Kam will take over from CEO John Sharkey, who is stepping down after a nearly 10-year stint.

Kai Tak Sports Park includes a 50,000-seat main stadium. Photo: Reuters
Hong Kong

Number of registered companies in Hong Kong reaches record 1.56 million in 2025

According to Companies Registry, 195,343 were newly registered local and redomiciled firms, while 99,406 dissolved over the same period.

Mainland China

Hong Kong’s finance chief warns of market volatility, pledges support for families

Amid market swings, Financial Secretary Paul Chan urges fiscal prudence and vows to review child tax breaks to tackle record-low birth rate.

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Hong Kong

Hong Kong government’s cargo-tracking digital platform launched with 2,300 firms

Secretary for Transport and Logistics Mable Chan says new Port Community System streamlines transport data, improving transparency for users.

A view of Kwai Chung Container Terminal. The Port Community System uses AI and blockchain technology to provide instantaneous cargo tracking services. Photo: Sam Tsang
Hong Kong

Can new tricks save Hong Kong’s restaurants from ‘irreversible’ Shenzhen trend?

Business models are being overhauled as food and drink sector tackles ‘irreversible’ trend of Hongkongers spending their money elsewhere.

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Greater Bay Area

Hong Kong lawyers told to specialise, not just compete, in Greater Bay Area

Bar Association chair Jose-Antonio Maurellet says lawyers can contribute to joint legal teams in cases with mainland and common law elements.

Insurance

Hong Kong employee insurance costs to jump 15% amid surge in day procedures: study

Firms warned of rising costs as increasing number of minor day-surgery claims under inpatient plans drive up group insurance premiums.

The Hong Kong Employee Medical Insurance Index report findings have been released by Polytechnic University in collaboration with corporate employee benefits and MPF consultancy GUM. Photo: Theodora Yu
Hong Kong

Editorial | Hong Kong’s biotech hub aim advanced by pacts with national agencies

Deepening cooperation on traditional Chinese medicine and cancer research will help the city play a role in developing more effective and less intrusive treatments.

The Hong Kong Chinese Medicine Hospital at Pak Shing Kok Road, Tseung Kwan O, on December 9. Hong Kong has been urged to develop Chinese-Western treatments. Photo: Edmond So
Hong Kong’s Tai Po fire tragedy

Hong Kong officials urge buy-back plan over ‘challenging’ Wang Fuk Court rebuild

Deputy finance chief Michael Wong says legal and ownership issues make rebuilding unfeasible, with buy-back option the fastest, most flexible solution.

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Asean

73% of Hong Kong, Greater Bay Area firms ramping up expansion into Asean: survey

Survey by Hong Kong Trade Development Council and United Overseas Bank also shows 98 per cent of companies plan to keep or expand Asean operations.

Animal welfare in Hong Kong

Animal welfare groups slam Hong Kong pet shop for offering cat rental service

Pet shop gave clients the chance to rent a cat for a week for HK$800 with a refundable deposit of HK$6,500 before buying.

The pet shop is located in a commercial building in North Point. Photo: Jelly Tse
Banking & finance

‘One of a kind’: tributes pour in for David Webb, Hong Kong’s ‘voice of integrity’

Financial and civic leaders remember former activist investor, hailed for his fearless pursuit of corporate transparency and accountability.

Tributes have poured in for former corporate governance activist David Webb, who died in Hong Kong on Tuesday at the age of 60. Photo: May Tse
Hong Kong society

HK$5 million plan to install anti-terrorism bollards near Hong Kong’s Sogo store

Authorities plan to place bollards and crash barriers at road crossings near Sogo in Causeway Bay and at the nearby Paterson Street pedestrian precinct.

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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.

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