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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.
Leung Chun-ying, vice-chairman of the Chinese People’s Political Consultative Conference, left, and Liu Wei, secretary of the CPC Nansha District Committee, right, at the launch ceremony of the ShouChuang Traditional Chinese Medicine Trading Platform in Guangzhou. Photo: Edmond So
Traditional Chinese medicine (TCM)

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

Leung Chun-ying launches Hong Kong-based trading platform to boost transparency, efficiency and global reach of branch of medical practice.

Hong Kong

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

Hong Kong

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

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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A customer uses a fuel pump at a Hong Kong petrol station. Photo: Dickson Lee
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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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.

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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.

Office buildings in Central. Nearly a quarter of Hong Kong companies are expected to widely adopt AI this year. Photo: Jelly Tse
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.

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

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.

Authorities have said they will set up a company this year to accelerate the development of the San Tin Technopole. Photo: Sam Tsang
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.

A panoramic view of the San Tin Technopole and the Hong Kong-Shenzhen Innovation and Technology Park in the Northern Metropolis. Photo: Eugene Lee
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.

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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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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ABC Touring Car Company, a non-franchised bus firm, continues to operate rides at a loss after the government rejected its application to reduce its services. Photo: Eugene Lee
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.

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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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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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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 plans to be a digital asset hub with stablecoins playing a key role. Photo: Shutterstock
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.

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’s skyline, viewed from Victoria Peak on March 3. Photo: Eugene Lee
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.

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