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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 HK$2 transport concessionary scheme is displayed on a minibus in Causeway Bay. Photo: Jelly Tse
Hong Kong transport

Revamped transport fare scheme triggers concerns about cost for working elderly

Hong Kong’s revised scheme now requires elderly and people with disabilities to pay 20 per cent of fares for trips costing over HK$10.

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Hong Kong tourism

Crowds pack Hong Kong airport, West Kowloon station at start of Easter holiday

Hong Kong

More Hongkongers to travel over long Easter break despite higher costs

China-Latin America relations

Rubio raises concerns over China’s detention of Panama-flagged ships

Panama’s decision to strip Panama Ports Company of its concessions is a test of US backing for countries challenging China, experts say.

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US Secretary of State Marco Rubio at the G7 Foreign Ministers’ meeting in Paris last month. Photo: Reuters
Hong Kong

Looking for Easter holiday inspiration? Here’s what’s happening in Hong Kong

From a coffee festival to a Doraemon show, there’s plenty to do and see for both residents and visitors over the long weekend break.

Hong Kong transport

40,000 taxi drivers sign up for e-payment systems as new rules come into force

Widespread coverage is good news ahead of coming holiday for mainland visitors who have solely been using e-wallets for years.

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Hong Kong society

Letters | Hong Kong needs to start charging all bus passengers by distance

Readers discuss the decision to revise the HK$2 public transport fare scheme, and the potential of student clubs at universities.

A minibus sports a sticker advertising Hong Kong’s HK$2 transport subsidy scheme for elderly and disabled passengers, on March 23. An amended version of the scheme will be rolled out on April 3. Photo: Jelly Tse
Hong Kong transport

Will coming changes to HK$2 transport scheme hurt working elderly most?

Older residents still commuting to jobs say revision should have distinguished them from other beneficiaries, but observers expect extra burden to be limited.

Greater Bay Area

Opinion | Hong Kong’s next 5 years must take city from alignment to action

The next five years will be shaped by how well Hong Kong goes beyond falling in line to carving out a defined role in China’s development.

Hong Kong property

Bought 52 years ago, Hong Kong home sells for 252 times original price

Veteran sports administrator Lawrence Yu is selling his house for about HK$190 million, for which he paid HK$750,000 in 1974.

8 Wiltshire Road in Kowloon Tong has a saleable area of 8,227 sq feet. Photo: Google Maps
Hong Kong Investment Corporation

Hong Kong investment chief joins global board in first for Chinese sovereign funds

FCLTGlobal announces that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation, has become one of the 19 directors on its board.

HKIC CEO Clara Chan delivers a speech at the Hong Kong Convention and Exhibition Centre in February last year. Photo: Elson Li
Hong Kong

Hong Kong reviews fire safety laws to crack down on illegal fuel as prices soar

Review includes possible penalty increases, expanding powers of Fire Services Department, and examination of legal liability of those who buy illegal fuel.

Trade Development Council (HK)

Shenzhen robot maker turns to Hong Kong for computing power and listing

EngineAI, whose robots have been bought by Mideast companies, needed cloud-based computing that could be seamlessly accessed from anywhere.

Hong Kong Retail Management Association (HKRMA)

Hong Kong retail sales jump nearly 12% in first 2 months of year

Visitor arrivals also rose by 17 per cent to 14.31 million in first three months, tourism minister reveals.

Consumers at a shopping centre in Tsim Sha Tsui. Photo: Jelly Tse
Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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Hong Kong’s stablecoin initiative is part of efforts to become a global digital-asset hub. Photo: Getty Images
Hong Kong tourism

6.5 million people to pass through Hong Kong borders during coming holiday

Immigration authorities expect high volume at Lo Wu, Lok Ma Chau Spur Line and Shenzhen Bay checkpoints during Easter and Ching Ming Festival holiday.

Japan

Hong Kong exporter confidence falls at steepest rate in 2 years

Trade Development Council says for first quarter of 2026, current performance index fell to 46.5 from 51.4 while expectation index declined to 46.9 from 51.9.

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China travel

Amid soaring airfares, Chinese bookings up 20% ahead of Ching Ming holiday

Global instability fails to deter Chinese holidaymakers with airlines selling 2.04 million tickets in the lead-up to Ching Ming Festival.

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A China Eastern Airlines flight takes off from an airport in Shanghai. Demand for flights over the upcoming Ching Ming Festival holiday remains robust in China despite soaring airfares. Photo: Xinhua
Banking & finance

Opinion | Dubai’s loss could be Hong Kong’s gain, but only if city is ready

The case for Hong Kong as a recipient of displaced Gulf wealth is sound but the city must ensure it has the capacity to absorb new capital and talent.

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Hong Kong

Hong Kong’s IP hub ambitions require sustained investment, coordination: experts

‘IP is not just a character. It is a whole ecosystem, from content to merchandising, events and tourism,’ industry veteran says.

Hong Kong International Airport

Editorial | Restriction on power banks on flights should not have come as a surprise

Limiting power banks to two in hand luggage comes after worrying fires on board. However, passengers would have benefited from more advance notice.

Airport Authority security check officers scan passenger baggage at Hong Kong International Airport in Chek Lap Kok on March 29. Photo: Edmond So
Hong Kong society

Letters | BMI a starting point, not whole story, of Hong Kong’s weight management plan

Readers discuss the government’s weight management action plan, and the changes to the HK$2 fare concession scheme.

People exercise at Kowloon Tsai Park in July 2023. Photo: Elson Li
Hong Kong politics

New constitutional affairs chief Janice Tse to lead Hong Kong’s first 5-year plan

Former environment permanent secretary appointed to post after city leader John Lee nominated her, citing Tse’s 38 years in government.

US, Israel war on Iran

Hong Kong on ‘yellow alert’, Kadoorie says, as Middle East war fuels oil crisis

CLP Power chairman Michael Kadoorie says Hong Kong’s electricity supply steady for now and touches on question of his retirement.

Food and Drinks

Hong Kong restaurateurs revamp traditional dining as closures reshape industry

Shifting dining habits and cross-border competition are forcing legacy brands like Maxim’s to reinvent themselves to stay relevant.

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Martin Lee, chief operating officer for Chinese and Western restaurants at Maxim’s Group, says challenges facing the sector are opportunities for innovation. Photo: Edmond So
Hong Kong tourism

Opinion | Hong Kong must factor community needs into marina development

As the government pursues its yacht tourism ambitions, it should ensure projects such as the one in Aberdeen benefit locals and visitors alike.

Yacht berths are seen at Aberdeen South Typhoon Shelter on March 25. Photo: Jelly Tse
Low-altitude economy

Opinion | Can Hong Kong hitch a ride on China’s commercial aerospace wave?

The city can play to its existing strengths and become the premier service, financing and governance platform for the nation’s space‑related services.

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Hong Kong society

MPF authority to propose 2-tier surcharges for late employer contributions

Only one in six bosses in Hong Kong settled arrears within the prescribed two-week deadline, authority says.

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