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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 sticker advertising Hong Kong’s transport subsidy scheme for the elderly and passegners with disabilities is displayed on a minubus in Mong Kok on March 23. Photo: Sam Tsang
Hong Kong society

Editorial | Changes to HK$2 transport fare subsidy will ensure scheme is viable

While it remains a valuable aid to social cohesion, the sliding discount model also ensures fiscal prudence.

Chief Executive (Hong Kong)

Hong Kong to meet uncertainty with openness, John Lee tells Boao Forum for Asia

Northern Metropolis

Northern Metropolis boundary changes will need Legco approval, minister says

Singapore

Singapore’s Lawrence Wong to visit Hong Kong after Boao Forum trip

Wong’s three-day official visit will be his first to Hong Kong as prime minister.

Prime Minister Lawrence Wong will visit Hong Kong for three days. Photo: AFP
US, Israel war on Iran

Visiting galleries may keep artworks in Hong Kong for months due to shipping chaos

Gallerists taking part in Art Central say getting pieces to city was hard enough and they may park them here temporarily while weighing options.

Hong Kong society

Editorial | Hong Kong graduates need to adapt to secure a job in the AI era

There is no point in lamenting AI’s rise. The focus must be on flexibility and learning to live with the technology.

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Hong Kong stock exchange

Editorial | HKEX should heed recommendations from Hong Kong’s securities watchdog

As the city’s stock exchange moves forward on listing reforms, it would do well to also improve vetting and maintain compliance standards.

The closing figures for the Hang Seng Index are displayed at HKEX at Exchange Square in Central on March 2. Photo: Dickson Lee
Wealth management

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

Hong Kong property

Hong Kong’s Henderson Land trims payout as Iran, mainland China cloud outlook

Kerry Properties also reports mixed 2025 results amid lift in Hong Kong home sales, weak office market and sluggish China recovery.

Hong Kong

From toys to toilet paper, prices set to rise amid Middle East war, experts say

Hong Kong business leaders also warn that local exporters and manufacturers face cash-flow squeeze as overseas buyers opt for short-term orders.

Hong Kong business leaders expect consumer products, including toilet paper, to become more expensive amid the Middle East war that has led to surging oil prices. Photo: Karma Lo
Hong Kong property

Regal’s US$194m hotel sale reflects investor push into Hong Kong student housing

Sale of 494-room hotel to Centaline underscores strong demand for student accommodation in Hong Kong amid an estimated 88,000-bed shortfall.

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A former hotel that has been converted into a student hostel. Hong Kong has a deficit of 88,000 student beds, according to property consultancy Savills. Photo: Sam Tsang
Italy

Hong Kong’s Art March celebrations press on amid Middle East conflict disruptions

Flight cancellations via the region leave art fair participants juggling logistics, though organisers say impact remains limited.

Hong Kong society

Hong Kong to raise postage rates from April 13 amid surging oil prices

Postage for local letters to go up by 9 per cent to HK$2.40, while increases for 90 per cent of airmail will be within 50 HK cents.

Hong Kong transport

Changes to Hong Kong’s HK$2 transport subsidy scheme to kick in on April 3

Under revision, elderly and disabled residents will enjoy flat rate for trips costing HK$10 or less, pay 20 per cent of fares exceeding threshold.

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A sticker advertising Hong Kong’s HK$2 transport subsidy scheme is displayed on a minubus in Admiralty. Photo: Elson Li
Hong Kong

Letters | How Hong Kong can prepare to bring its transport blueprint to life

Readers discuss the long-term vision for the city’s transport network, and ways to boost the birth rate.

A Keeta drone delivering a traditional “Poon Choi” basin feast arrives at Ting Kok Village, Tai Po, for the Guan Yu ceremony, on February 27. Developing the low-altitude economy is part of Hong Kong’s transport vision. Photo: Jonathan Wong
Luxury brands

Luxury brands bet on growth as well-heeled tourists flock to Hong Kong events

Over 60 new brands set to join upscale Tsim Sha Tsui shopping centre as part of tenant overhaul covering about 30 per cent of its retail space.

West Kowloon Cultural District

Opinion | To realise Hong Kong’s cultural potential, a global vision is essential

The city can rise beyond a regional hub, but only with sustained investment and a coherent, long-term vision for arts development.

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SCMP Exclusives

Exclusive | Hong Kong developer banks on arts and finance synergy in West Kowloon cultural hub

Sun Hung Kai Properties pushes its ‘Central 2.0’ vision in West Kowloon, linking arts, culture and wealth management despite market headwinds.

Sun Hung Kai Properties’ new grade A towers in Hong Kong’s West Kowloon, part of its push to merge arts and finance. Photo: Jelly Tse
China economy

Opinion | As China charts a new course, Hong Kong writes its next chapter

Beijing’s plans provide assurances of steady, high-quality growth and stable relations, with Hong Kong playing a bigger role in national development.

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Hong Kong

Amid Iran war, Hongkongers choose short-haul high-speed rail trips

With war raging in the Middle East, tickets for mainland Chinese destinations are being snapped up.

Australia

Hong Kong arts hub strengthens global links with 12 new partnerships

West Kowloon Cultural District Authority signs MOUs with 12 international institutions from Australia, the UK, Saudi Arabia and elsewhere.

The MOUs from the last summit brought masterpieces from institutions such as the Palace of Versailles in France to Hong Kong. Photo: Sam Tsang
Paul Chan

Hong Kong vows to boost green finance and innovation role for sustainable growth

Finance chief Paul Chan says Hong Kong will channel capital and innovation into the global green transition for carbon-neutral development.

Hong Kong enjoys unique advantages, the finance chief has told an event in Beijing. Photo: Eugene Lee
Hong Kong

Hong Kong firms face profit squeeze as US importers cut orders amid oil crisis

City’s business leaders also say government should bolster ties with Central Asia and Asean nations to diversify market risks.

Education in Hong Kong

Opinion | Hong Kong’s education policy must reflect the innovative future it seeks

The city aims to be a leader in the creative and innovation industry, but how much of that vision is translated into its schools?

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Hong Kong property

‘Upstairs’ moves downstairs: Hong Kong shops head to street level as rents fall

Retailers and restaurants adjust to lower rents and weaker demand, with operators expanding at ground level and testing pop-up formats.

HK JEBN’s new store at East Ocean Centre on Granville Road, Hong Kong. Photo: Dickson Lee
Hong Kong stock exchange

Finance chief urges Hong Kong to enhance global standing amid shifting geopolitics

Paul Chan calls on the city to ‘seize the moment’ by deepening integration with mainland China and expanding its bridge role to the West.

Hong Kong has been urged to deepen links with mainland China and expand global engagement. Photo: Jelly Tse
Formula One (F1)

Opinion | F1 could be Hong Kong’s fast lane for economic reinvention

Hong Kong can leverage F1 as a catalyst for branding, industry upgrading and global influence.

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Hong Kong society

Plan for full taxi access to Discovery Bay sparks anger among residents

More than 1,100 people sign petition calling for greater public consultation.

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