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Hong Kong Economy

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Hong Kong housing
Hong Kong property
Tourism
Parallel trading
Hong Kong stock exchange
Hong Kong land sale
Property investment
A data centre under construction in Sedenak Tech Park in Johor, Malaysia, Sept. 27, 2024. Photo: AP
International Property

AI boom fuels US$11.6b data centre investment surge in Asia-Pacific

Adoption remains selective as some landlords are still cautious, especially when tenant credit profiles are less established.

Mergers & Acquisitions

Li Ka-shing’s CK Hutchison rules out sale of Hong Kong supermarket ParknShop

Hong Kong economy

Hong Kong’s Central Asia pivot aims to boost belt and road role, analysts say

Hong Kong economy

Hong Kong minister touts gold as ‘bridge between conventional and new finance’

Treasury chief Christopher Hui also says city opted against separate regulatory authority for digital assets to support ‘convergence’.

A panel session on cryptocurrencies and digital assets is held at the Global Prosperity Summit. Photo: Karma Lo
A panel session on cryptocurrencies and digital assets is held at the Global Prosperity Summit. Photo: Karma Lo
Hong Kong economy

Hong Kong’s market surge drives ‘fear of missing out’ among French investors

Finance chief Paul Chan says shift fuelled by city’s strong market performance and improved geopolitical situation, especially after Xi-Trump summit.

Hong Kong economy

Exclusive | Kazakhstan to deepen financial services cooperation with Hong Kong, consul says

Envoy Bauyrzhan Dosmanbetov attributes growth of local Kazakhstani community to Belt and Road Scholarship programme launched in 2016.

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Hong Kong property

‘Aggressive pricing’: Able Engineering tops titans’ bids in Hong Kong land sale

Able Engineering outperforms analyst forecasts to secure a residential parcel that can fit nearly 1,000 units, and the win is seen reflecting rising confidence in the sector.

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The Tung Chung New Town Development is seen in 2024. Photo: Jelly Tse
The Tung Chung New Town Development is seen in 2024. Photo: Jelly Tse
Hong Kong property

Hong Kong stars Nick Cheung and William Chan join wave of upmarket home sales

Celebrity deals highlight strengthening recovery in luxury property market after transactions more than double in first quarter.

Hong Kong transport

Ride-hailing licence cap ‘must strike a balance’ in Hong Kong, John Lee says

Chief Executive says unique local conditions and passenger experience will determine city’s ride-hailing cap.

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Hong Kong economy

John Lee to visit Kazakhstan, Uzbekistan, taking largest-ever delegation overseas

Chief executive will lead a group of more than 60 businesspeople from Hong Kong and mainland China to Central Asian countries.

Chief Executive John Lee will travel to Kazakhstan and Uzbekistan next month to explore and seize new business opportunities. Photo: Karma Lo
Hong Kong economy

Hong Kong finance chief woos French wealth managers as European tour starts

Paul Chan, who arrived in Paris on Monday, met representatives of French asset management association and think tank Asia Centre in Paris, sources say.

Hong Kong Financial Secretary Paul Chan Mo-po in Paris. Photo: Handout
Hong Kong Financial Secretary Paul Chan Mo-po in Paris. Photo: Handout
Hong Kong property

Hong Kong property upswing poised to hold despite interest rates risk: Moody’s

Lower mortgage rates, surging rents and demand from talent inflows and buyers from mainland China to sustain recovery, agency says.

Hong Kong economy

Hung Shui Kiu industrial park operator eyes bond issuance, tax cuts for firms

Incoming chairman Jeffrey Lam outlines park’s financing and offerings, says operator will first rely on government’s HK$10 billion injection.

Hong Kong economy

Hong Kong’s Paul Chan is heading to Europe. So what’s on the itinerary?

Finance chief’s trip announced on Sunday and follows easing of tensions after US President Donald Trump visited mainland China.

Financial Secretary Paul Chan’s trip will take him to Paris, Brussels and Zurich. Photo: Handout
Hong Kong economy

How can Hong Kong seize opportunities as US-China relations stabilise?

InvestHK chief says city must adapt to changing international order while chamber boss suggests firms build cross-regional strategies.

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Victoria Harbour in Hong Kong. InvestHK is tasked with attracting enterprises to set up or expand their operations in the city. Photo: Jelly Tse
Victoria Harbour in Hong Kong. InvestHK is tasked with attracting enterprises to set up or expand their operations in the city. Photo: Jelly Tse
Business of climate change

Solar glass: Australia-China joint venture to set up in Hong Kong

With help from InvestHK, ClearVue and mainland partner choose city as base for effort to make power-producing glass for building facades.

Hong Kong property

Fresh concepts lift Hong Kong retail property as tourists and consumers return

Landlords betting on a diversified tenant mix – from pop-ups to ‘sportainment’ – to sustain growth in retail property market, analysts say.

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Hong Kong

‘Too hard’: is AI squeezing graduates out of Hong Kong’s job market?

University graduates are recalibrating their expectations in market where number of vacancies has fallen by 61 per cent since 2022.

Jobseekers attend a career fair at the Tin Ching Community Hall in Tin Shui Wai. Photo: Nora Tam
Jobseekers attend a career fair at the Tin Ching Community Hall in Tin Shui Wai. Photo: Nora Tam
Hong Kong economy

Scalpers list Swatch-Audemars Piguet watches hours after launch in Hong Kong

Dozens braved rain and queued for days to snap up ceramic pocket watches, with resale prices nearly seven times their retail value.

Hong Kong transport

What do travellers need to know when Hong Kong airport’s Terminal 2 opens?

Several airlines, including HK Express, are set to relocate their check-in operations to the second terminal between May 27 and June 10.

Hong Kong property

Buyers flock to SHKP project in New Territories as home market outlook brightens

SHKP generated more than HK$1 billion after the sale of the 154 flats at Lime Spark last week.

Buyers flocked to the SHKP sales office on Saturday for flats at the Lime Spark project in Tsuen Wan. Photo: Handout
Hong Kong transport

Tech features at Hong Kong’s Terminal 2 to enable efficient departures

Transport minister counts down to revamped facility’s May 27 launch, saying it will mark a ‘milestone’ that boosts city’s status as aviation hub.

A self-service check-in counter at the revamped Terminal 2. Photo: Handout
A self-service check-in counter at the revamped Terminal 2. Photo: Handout
Consumer protection in Hong Kong

Hong Kong parents warned of injury and choking risks from catapult and tangram toys

Customs also urges retailers to pull products from shelves after seizing 700 sets during operation.

Hong Kong economy

Exclusive | Hong Kong to test first flying cars carrying heavy cargo within 6 months

Passenger flights could be next if electric vertical take-off and landing (eVTOL) aircraft trials moving building materials to New Territories succeed.

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Hong Kong economy

IMF lauds resilient Hong Kong economy, but warns of risks linked to Mideast war

International body also urges city to pursue medium-term financial reforms, such as introducing goods and services tax, to boost revenue.

A concluding statement by an IMF mission that visited Hong Kong forecast that the city’s GDP growth would slow to 2.4 per cent this year. Photo: Jelly Tse
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