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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 person enjoys a run in the Kai Tak Sky Garden on March 31. Photo: Sam Tsang
Hong Kong

Letters | Hong Kong can’t just build a monorail in Kai Tak and hope for the best

Readers discuss going beyond infrastructure to ensure Kai Tak thrives, a Cantopop singer’s change of heart, and the Hong Kong dollar peg.

Crime in Hong Kong

Hong Kong aiming to curb illicit fuel trade with tougher penalties: source

Hong Kong

First AI driverless trucks deployed to tackle Hong Kong port labour shortage

Hong Kong property

Sino Land-led consortium to invest US$1.7 billion in Northern Metropolis project

Sino Land chairman Daryl Ng said the Kam Sheung Road project marks a key step in advancing the Northern Metropolis.

Sino Land chairman Daryl Ng Wing Kong. Photo: Handout
Hong Kong transport

Hong Kong-Macau ferry fares to increase by up to 11% amid fuel costs surge

High fuel prices hit transport sector as TurboJet and Cotai Water Jet raise fares, while union says bus drivers face income losses amid service cuts.

Hong Kong society

‘All risks must be controlled,’ John Lee says on basketball betting U-turn

City leader defends halt on basketball betting, citing ‘worrying’ prediction market trend.

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Middle East

Letters | How Hong Kong can attract talent and capital from the Middle East

Readers discuss the opportunity for the city created by the Iran war, the proposal to allow taxis into Discovery Bay, and a planned pig farm in Sheung Shui.

An Emirates Airbus A380 passenger aircraft prepares for landing at Dubai International Airport in Dubai on March 8. Photo: AFP
Office for Attracting Strategic Enterprises

Which global firms are being attracted by Hong Kong’s strategic enterprise scheme?

The South China Morning Post examines 22 firms opening or expanding in the city, with HK$73 billion in investment and 25,000 jobs expected.

Hong Kong

Hong Kong retailers leverage scale, sourcing to offset war-driven cost pressures

Operator of Wellcome, Mannings, 7-Eleven and Ikea tackles crisis with key initiatives but Sa Sa warns of pressure on beauty items derived from petroleum.

Hong Kong tourism

Mainland Chinese to make 980,000 inbound trips to Hong Kong for Labour Day break

Estimate from Immigration Department represents 7 per cent increase from last year’s holiday.

Tourists arrive in Hong Kong via the West Kowloon high-speed rail terminus. Photo: May Tse
Banking & finance

Hong Kong well positioned to attract global capital amid geopolitical shifts

Hong Kong is attracting global investors seeking stability as interest grows in its financial markets, FSDC officials say.

Hong Kong’s ETF market has expanded rapidly to surpass South Korea and Japan to become the world’s third-largest market. Photo: Eugene Lee
Airport Authority Hong Kong

Hong Kong launches Skytopia marina project to drive tourism and yacht economy

Airport Authority invites global bids for 200-hectare marina to tap market expected to reach HK$352 billion by 2032.

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Pfizer

Pfizer, Amgen among 22 majors spreading wings in Hong Kong under investment push

Sixth batch under OASES initiative also features Boehringer Ingelheim, Hengrui and Haya, with Didi and AutoFlight joining transport push.

US, Israel war on Iran

In turbulent times, will Hong Kong be a safe haven?

The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In this three-part series, we look at Hong Kong’s position as a stable ground despite the global turmoil.

Helping boost Hong Kong are a pegged exchange rate, free capital flows and support from China’s economic strength. Photo: Jelly Tse
Northern Metropolis

Opinion | Patriotism is not a business plan for the Northern Metropolis

Beijing has upped the ante with help and pressure, including calling upon the business community’s patriotism, but the Hong Kong government must still sell the business plan.

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A view of Kwu Tung North Area 29, where a world-class fencing hall and swimming pool are planned for the Northern Metropolis, on April 7. Photo: Eugene Lee
Hong Kong property

‘Kidults’ and nostalgia drive Toys ‘R’ Us pivot as Hong Kong retail evolves

The retailer is refining its operations with smaller outlets and lifestyle products to capture new demand from Gen Z and young adults.

Banking & finance

Cash holdings rise amid war, but Asia remains key for wealthy: Schroders CEO

High-net-worth clients continue to seek opportunities in Asia, taking a longer-term view despite global uncertainties, Richard Oldfield says.

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Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Prospective buyers queue at the sales office for Pavilia Farm III flats. Photo: Jelly Tse
Hong Kong

Hong Kong urged to be more proactive in removing barriers with Shenzhen

New Shenzhen party chief Jin Lei has conducted high-profile visits to major joint projects between two cities in his first month.

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Hong Kong

New firms with up to HK$100 billion in market value to set up shop in Hong Kong

Finance chief says ‘strategic enterprises’ are in high-growth sectors, including life and health technology, low-altitude economy and AI, among others.

Hong Kong society

‘No mood for work’: ship mechanic’s future clouded by Aberdeen marina project

‘I have put my heart and soul into the workshop for several decades … After the plan was announced, I have had no mood for work,’ David Chan says.

David Chan says he plans to keep working for a few years. Photo: Elson Li
Hong Kong politics

Opinion | How markets will test Hong Kong’s new economic model

Industrial policy can guide and catalyse but it cannot substitute for a genuine competitive advantage.

videocam
Pedestrians cross a road in Tsim Sha Tsui on August 26 2025. Photo: Jelly Tse
Hong Kong tourism

Editorial | Stamp out coercive shopping tours to uphold Hong Kong’s reputation

Low-cost tours have proved difficult to eradicate but measures such as random inspections and harsher penalties could be considered.

Hong Kong

Opinion | How Hong Kong can beat Singapore as the launch pad for Chinese firms

Chinese enterprises going global is this decade’s economic story. Hong Kong needs a system to guide them through each stage of their journey.

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Hong Kong

Hong Kong watchdog monitoring potential merger of city’s top 2 supermarket chains

Jardine Matheson and CK Hutchison reportedly in talks for Wellcome-ParknShop megadeal amid decline in citywide supermarket sales.

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Wellcome supermarket at Jordan. Jardine Matheson and CK Hutchison reportedly in talks for Wellcome-ParknShop megadeal. Photo: Jelly Tse
Hong Kong housing

Hong Kong Housing Society aims to boost supply of subsidised sale flats

Chairman Ling Kar-kan says society will still supply more rental flats.

The Hong Kong Housing Society is the second-biggest provider of public housing. Photo: Xiaomei Chen
Middle East

Hong Kong minister urges long-term view, says Middle East investment unaffected

Minister Algernon Yau urges businesses to avoid short-term thinking, says Hong Kong entrepreneurs are discerning in assessing opportunities.

Hong Kong

Letters | Hong Kong’s high fuel prices warrant scrutiny

Readers discuss petrol prices in the city, the fire safety alarm system at Wang Fuk Court, and public hospital costs.

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