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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.
Development of the Northern Metropolis near the border with mainland China is a key scheme. Photo: Dickson Lee
Hong Kong

Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

Government proposes to raise borrowing ceiling from HK$700 billion to HK$900 billion to fund infrastructure development.

Legislative Council election 2025

Hong Kong spent HK$1.13 billion on Legco poll, up by 35% over figure for 2021

Traditional Chinese medicine (TCM)

Ex-Hong Kong leader’s Chinese medicine platform to link mainland and global markets

Hong Kong

Diesel subsidies, cheaper tolls to help transport sector as fuel costs soar

Short-term relief measures include diesel subsidies of HK$3 per litre, half-price tunnel tolls for non-private vehicles.

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Transport firms say rising fuel costs are making it difficult to operate. Photo: Jelly Tse
Hong Kong

Opinion | Hong Kong’s global future depends on diverse talent

To sharpen its competitive edge, the city must look beyond traditional borders to widen its narrowing talent pipeline.

US, Israel war on Iran

US-Iran ceasefire unlikely to cause big fuel price drop: Hong Kong economists

‘It will take several months for prices to gradually decline after the war ends completely,’ expert says.

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Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.

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Five-tael (190 grams or 6.65 ounces) gold bars are seen at a jewellery store in Hong Kong as China is urged to become a global gold hub as Trump’s instability spooks central banks worldwide. Photo: Reuters
Hong Kong

Easter box office takings twice that of 2025 break despite exodus of Hongkongers

Local cinemas earn HK$25.93 million in first four days of holiday, double the figure year on year from the 2025 Easter break.

Paul Chan

24% of Hong Kong firms to widely adopt AI, with smaller headcounts expected: KPMG

Survey by professional services firm shows number of companies expected to widely adopt technology up 8 per cent from 2025 figure.

Hong Kong politics

Hong Kong immigration chief granted service extension past retirement age

Government says Benson Kwok’s extension aims to ensure a smooth leadership transition within Immigration Department.

Immigration chief Benson Kwok. Photo: Jelly Tse
US, Israel war on Iran

80% of Hong Kong fishing vessels grounded due to high fuel prices

Moratorium planned for May 1 but going out to sea already untenable for most fishermen as sector leader warns fish supply likely to fall.

Fishing boats berth near the Aberdeen Wholesale Fish Market ahead of the annual moratorium. Photo: Eugene Lee
Hong Kong

City to set up company this year to fast-track San Tin I&T hub as firms eye move

Government expects to set up fully owned firm by end of year, with CEO and board appointments set for second and third quarters, official Kevin Choi says.

Hong Kong

New research institute to ramp up efforts as Hong Kong pursues ‘AI for all’

Artificial Intelligence Research and Development Institute’s first meeting will be held as early as this month to formulate city’s AI road map.

Hong Kong tourism

Editorial | Hong Kong must diversify and adapt to changing tourism market

Amid shifting cross-border travel and spending patterns, local businesses face challenging times as more residents leave the city during holidays.

Tourists pack the Avenue of Stars in Tsim Sha Tsui on April 5 during the Easter holiday weekend. Photo: Eugene Lee
West Kowloon Cultural District

Backlash brews for Hong Kong coffee festival over response to bad weather

Muddy grounds and rainy weather cause chaos and frustration at 2026 Coffee Hong Kong @WestK over Easter weekend.

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Staff clean up the muddy ground on the final day of the festival. Photo: Karma Lo
US, Israel war on Iran

Failed bus cuts ‘tip of iceberg’ as fuel costs soar, Hong Kong lawmakers warn

Authorities urged to approve applications by non-franchised bus firms to increase fares, and provide subsidies to offset impact of oil shock.

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Northern Metropolis

Hong Kong’s Northern Metropolis to get separate fencing hall, pool complex

Sports industry experts stress importance of good support services for athletes after government updates plan to meet global standards.

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Hong Kong tourism

Car record for mega bridge’s Hong Kong crossing as F&B sector feels holiday pain

Number of outgoing residents up 14.3 per cent year on year to 2.1 million, but more inbound visitors lead to high hotel occupancy.

The total number of inbound and outbound car trips on the mega bridge hit a record. Photo: Xinhua
Hong Kong

Letters | Hong Kong is not competing with US stablecoins or the digital renminbi

Readers discuss the city’s stablecoin ambitions, the use of e-payments, and the role eHealth could play in stroke prevention.

Hong Kong

Hong Kong restaurant revenues drop over Easter as departures outnumber arrivals

Estimated 6 to 7 per cent year-on-year dip in catering sector business over long weekend amid exodus of locals, F&B trade representative says.

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Hong Kong transport

Hong Kong bus firm scraps service cuts after warning from authorities

ABC Touring Car Company says rising oil prices mean “every service is like pouring money into the sea”.

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The company operates services between Tuen Mun and various locations in city centres. Photo: Facebook/ABC Bus
Hong Kong

1 in 3 Hong Kong commercial laundry operators at risk of closure as oil prices soar

Industry representatives say price of industrial diesel has increased by more than 190 per cent in just over one month.

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Workers at Yue Yi Laundry Factory in Tuen Mun. Photo: Sam Tsang
Banking & finance

Editorial | Stablecoin launch delay shows Hong Kong would rather be safe than sorry

Given the complexity involved, it’s wise not to rush to meet any self-imposed deadline but to make sure a good framework is in place first.

Hong Kong

Move over, Easter bunny: cats are the stars in Hong Kong this holiday

Seasonal cat-themed artworks are stealing the limelight this Easter, tapping into the city’s booming ‘cat economy’.

Paul Chan

Hong Kong economy showed resilience in first quarter of 2026, Paul Chan says

In review of first-quarter performance, finance chief points to city’s attraction to investors seeking safe haven amid uncertainty.

The minister has said investors are treating Hong Kong as a “reliable haven for funds”. Photo: Jelly Tse
US, Israel war on Iran

Hong Kong tourists choose safety, affordability with trips to mainland China

Travel industry leader says rise in airlines’ fuel surcharges and Mideast conflict have dampened Hongkongers’ desire to travel long distances.

Crowds at the West Kowloon high-speed rail terminus on Friday. Photo: Jelly Tse
Northern Metropolis

Opinion | How China is transforming Hong Kong into a strategic hub

The city is moving beyond its traditional role to drive the nation’s financial and innovation future.

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Hong Kong tourism

Editorial | Hong Kong’s high-value tourism pivot makes sense for the city

If Hong Kong is to strengthen its credentials as an international city, it must appeal to visitors from different countries and cultures.

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