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

Hong Kong

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

Hong Kong

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

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.

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.

An aerial view of the Kwu Tung area. Photo: Eugene Lee
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.

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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A restaurant in Tsim Sha Tsui on Easter Sunday. Photo: Eugene Lee
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.

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’.

‘A Moment to Purr’, a giant interactive cat art installation, is located at the arrivals hall of Terminal 1 at Hong Kong International Airport. Photo: Eugene Lee
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.

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.

The Hong Kong skyline, as viewed from Tsim Sha Tsui on March 23. Under its new strategy, Hong Kong will allocate more of its budget to attracting foreign visitors. Photo: Eugene Lee
Hong Kong society

Hong Kong’s John Lee pledges to expand after-school care for low-income families

City leader says decision prompted by positive feedback from families who vouch that scheme gives them peace of mind to pursue careers.

Hong Kong

Hong Kong IP festival Con-Con draws crowds on opening day

Visitors to two-day Con-Con Hong Kong 2026 stock up on exclusive merchandise at booths and take pictures of the latest figurines.

Hong Kong society

1 ticket wins HK$81 million in Hong Kong’s Mark Six Easter snowball draw

Winning numbers drawn were 20, 28, 32, 35, 40 and 45.

The outlet on Stanley Street is considered one of the luckiest by Mark Six players. Photo: Jonathan Wong
Hong Kong transport

KMB told to probe machines that gave free bus rides as new HK$2 scheme launched

Faulty machines offered full rebates to customers who tapped their Octopus cards.

Another KMB fare rebate machine briefly malfunctioned in Sha Tin on Saturday. Photo: Dickson Lee
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

685,000 Hongkongers head out of city at start of Easter holiday

More residents are travelling to mainland China for the break because of the Middle East war, Tourism Association head says.

Hong Kong

More Hongkongers to travel over long Easter break despite higher costs

60 per cent of outbound travellers expected to head to mainland cities, with high-speed rail continuing to gain popularity as the preferred mode of transport.

Travel Industry Council executive director Fanny Yeung says recent fuel surcharge increases had not led to cancellations, as travellers had finalised plans by then. Photo: Eugene Lee
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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