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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.
The World Economic Forum in Davos runs until Friday. Photo: AFP
Paul Chan

Hong Kong promotes ‘responsible and sustainable’ digital asset regime at Davos

Financial Secretary Paul Chan Mo-po says finance and technology are ‘mutually reinforcing’ but balanced approach needed to support development.

Hong Kong housing

Hong Kong earmarks Kai Tak site among 3 plots for private student hostel projects

Chris Sun Yuk-han

Hong Kong’s jobless rate holds steady at 3.8% amid growth outlook

Hong Kong society

Hong Kong strives to be ‘fortress’ that safeguards digital security: I&T chief

City will respond to national initiatives, Sun Dong says, noting that today’s cyber warfare is a ‘full-spectrum contest’ that integrates AI.

Secretary for Innovation, Technology and Industry Sun Dong delivers a speech on Tuesday at the Cybersecurity Symposium. Photo: Elson Li
Hong Kong housing

Editorial | Hong Kong must tackle the ‘demoralising impact’ of unaffordable housing

With a new study underlining how much harder it has become for young people to afford a flat in the private market, the search for solutions should be stepped up.

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Hong Kong housing

‘Helpless’: Hong Kong subdivided flat tenants seek aid as eviction looms

Housing Bureau says it is in contact with 109 households in Cheung Sha Wan’s Yee Wa Building, with many tenants needing transitional homes.

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Education in Hong Kong

40 Hong Kong semi-private schools eye more non-locals in education hub push

Direct Subsidy Scheme schools will be able to admit non-local students on a self-financing basis under new initiative.

Local student admissions are not affected by the new scheme. Photo: Sam Tsang
Hong Kong

Hong Kong to develop low-altitude sector blueprint as firms eye overseas expansion

Logistics chief Mable Chan says city well positioned for growth given established legal regime and status as financial hub.

Hong Kong courts

Hong Kong’s Taipan bakery told to wind up, Ocean Empire boss declared bankrupt

Separate court rulings highlight struggles of city’s retail and catering sectors amid shifting consumer patterns.

Hong Kong

58% more applicants per job in Hong Kong in 2025 amid AI takeover of roles

Jobsdb Hong Kong says competition even keener for frontline roles, but some jobs hit by AI, with technology automating many repetitive processes.

Hong Kong residents at a job fair organised last month by the Labour Department at Lohas Park Community Hall in Tsueng Kwan O. Photo: Elson Li
Hong Kong property

Fancl distributor couple buys Lippo Centre office, shop in US$38.3 million deal

Purchase by the Japanese skincare brand’s distributor marks a 60 per cent cut from 2017 price as cash-rich local investors hunt for bargains.

The sun is reflected on the Lippo Centre in Admiralty. Photo: Dickson Lee
LandSpace

Hong Kong eyes slice of booming ‘NewSpace’ economy as professional services hub

Chief Executive’s Policy Unit reveals that it recently hosted a high-level round table on the space economy.

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Bonds

Hong Kong dollar and yuan bonds forecast to sustain record growth in 2026

Issuers and investors flock to Hong Kong dollar and yuan bonds, backed by deep liquidity and diverse yield curves.

Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Project CargoX aims to digitalise Hong Kong’s trade finance, expand SME lending and strengthen connectivity with mainland China and Asean.

It is important to streamline documentation and data exchange with mainland China and Asean, says Howard Lee. Photo: Edmond So
Hong Kong society

Smart money: how Hong Kong charity makes finance lessons fun for pupils

Hong Kong charity Talents Foundation, an Operation Santa Claus beneficiary, aims to teach young people how to manage their finances.

Talents Foundation has developed a Monopoly-like board game as part of its curriculum. Photo: Handout
Hong Kong

Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Two cities set to sign memorandum of understanding at the 19th Asian Financial Forum next week, paving way for cross-border gold trade clearing.

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Hong Kong property

Mainland Chinese buyers pour US$2 billion into Hong Kong super-luxury homes

Mainland buyers account for 80 per cent of the city’s biggest blockbuster deals in the most exclusive neighbourhoods in 2025.

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Hong Kong

Opinion | This year, Hong Kong must resolve to rewrite the script for retirement

Any long-term solution requires a re-imagination of retirement – beyond the outdated view of retirees as passive welfare recipients.

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Elderly people do their morning exercises in Fanling on August 17, 2025. Photo: Eugene Lee
Hong Kong society

Editorial | To walk the pet-friendly path, Hong Kong needs a comprehensive policy

The city will have to balance the interests of pet owners and those of others, but it’s time it moved forward on becoming more pet-friendly.

Crime in Hong Kong

Murder suspect who fled to mainland China handed over to Hong Kong police

Man, 28, was wanted in Hong Kong in connection with the murder of his girlfriend, whose body was found hidden in his flat.

Hong Kong society

As I see it | Thank you, David Webb, you made Hong Kong a better place

By exposing governance abuses and holding listed companies to account, the shareholder rights activist helped clean up the city’s investment environment.

David Webb arrives at the Foreign Correspondents’ Club in Hong Kong for a farewell fireside chat on May 12, 2025. Photo: May Tse
China Conference: Greater Bay Area

Editorial | Greater Bay Area collaboration can help Hong Kong rise to challenges ahead

The Post’s China Conference highlighted opportunities for the city in harnessing AI and strengthening cross-border data transfer security within the development zone.

The Post’s China Conference: Greater Bay Area brought together leaders, industry experts and innovators to explore the opportunities and challenges within one of the world’s most rapidly developing regions. Photo: SCMP
Hong Kong housing

Contractors’ botches lead to bans on bidding for Hong Kong public projects

Measures follow government probe into problems at three light public housing sites in Siu Lam, Tuen Mun and Chai Wan.

Artificial intelligence

Hong Kong bolsters tech hub ambitions as city hosts global AI summit

Hong Kong’s turn to host a summit under WAIC reflects Beijing’s confidence in the city’s strategic development goals.

Northern Metropolis

Hong Kong plans to build Northern Metropolis logistics hub for smart, green growth

Hub will focus on high-value goods, e-commerce and low-altitude economy, with authorities to gauge interest in the cluster’s first site this year.

Hong Kong have unveiled plans for a smart logistics hub for high-value goods, e-commerce and low-altitude economy within the Hung Shui Kiu/Ha Tsuen New Development Area, part of the Northern Metropolis mega development project. Photo: Sam Tsang
Hong Kong

Ex-Hong Kong Disneyland boss to take reins as CEO of Kai Tak Sports Park

Andrew Kam will take over from CEO John Sharkey, who is stepping down after a nearly 10-year stint.

Kai Tak Sports Park includes a 50,000-seat main stadium. Photo: Reuters
Hong Kong

Number of registered companies in Hong Kong reaches record 1.56 million in 2025

According to Companies Registry, 195,343 were newly registered local and redomiciled firms, while 99,406 dissolved over the same period.

Mainland China

Hong Kong’s finance chief warns of market volatility, pledges support for families

Amid market swings, Financial Secretary Paul Chan urges fiscal prudence and vows to review child tax breaks to tackle record-low birth rate.

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