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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.
Members of the media are given a preview of the Hung Shui Kiu/Ha Tsuen new development area. Photo: Elson Li
Hong Kong

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.

Paul Chan

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

Hong Kong

Hong Kong draws HK$26 billion from over 310 firms this year, InvestHK head says

Crime in Hong Kong

Hong Kong’s MPF authority flags fraudulent certificates in early pension payouts

Medical groups alert police over suspected fake certificates using doctors’ details to support early pension withdrawals on health grounds.

The Mandatory Provident Fund Authority has said its online platform had recently identified suspected fraud involving allegedly fake medical certificates submitted to withdraw contributions. Photo: Edmond So
Hong Kong transport

My Take | Passengers must not be left behind in ride-hailing debate

There is high demand for the platforms in Hong Kong. The priority must be to ensure that the service is good.

Hong Kong

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.

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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 society

Letters | Making Hong Kong home for mainland Chinese students a work in progress

Readers discuss ways to build a sense of belonging for talent retention, plans to extend MTR South Island line, and a teacher’s role in supporting mental health.

Tourism

Opinion | How to prevent Hong Kong from becoming just another Asian city

As urban experiences become more homogenous, Hong Kong must lead with what makes it different if it hopes to keep bringing in visitors.

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SCMP Exclusives

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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AutoFlight’s vertical take-off and landing (eVTOL) aircraft can hover like a helicopter and transition to flying like an aeroplane. Photo: Handout
International Monetary Fund (IMF)

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
Hong Kong courts

Embattled Hong Kong developer sued for HK$130 million, days after founder’s death

Lofter Group founder Carol Chow, who reportedly died by suicide on Tuesday, was already facing bankruptcy petition over unspecified debts.

Global South

Hong Kong urged to shift from role as ‘superconnector’ to ‘value-adder’

Leading think tank urges city to align with national development, diversify growth, boost innovation and deepen supply chain role.

Mainland China

Hong Kong maintains 2026 growth forecast at 2.5% to 3.5%

Government also raises headline inflation forecast for year to 2.6 per cent, up from 1.8 per cent projected in February’s budget.

Tourists at the Tsim Sha Tsui waterfront during the Easter holiday in April. Photo: Eugene Lee
Hong Kong

Opinion | For a thriving yacht economy, Hong Kong must go beyond infrastructure

Licensing regulations, Greater Bay Area integration and the vital role of casual boaters need to be included in the discussion.

Illustration: Craig Stephens
Hong Kong

Why did Hongkongers queue round the clock for a new watch?

‘Royal Pop’ ceramic pocket-style watches, a collaboration between Audemars Piguet and Swatch, set to go on sale on Saturday.

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Energy

Opinion | Hong Kong’s economic figures look good but business unease is rising

Hong Kong’s economic recovery is intact, but it would be folly to ignore the rising prices and uncertainty flowing from the Middle East.

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Hong Kong

Calls grow to hire locals as graduate jobs decline amid AI, economic pressures

Industry leaders’ remarks come after minister says vacancies suitable for graduates fell from about 80,000 in 2022 to around 31,000 in 2025.

Industry leaders have called for priority hiring of local graduates to address a shrinking job market. Photo: Elson Li
Hong Kong

Hong Kong Airport Authority takes over 11 Skies retail from New World: sources

Authority says it continues to communicate closely with New World about 11 Skies project, and is going ‘full steam’ ahead with development.

Urban planning

Letters | Northern Link must be more than a ‘rail plus property’ project

Readers discuss the need for job creation to happen in tandem with flat building, the value of the Fanling Bypass, and the dangers of AI content.

Hong Kong society

Editorial | Tightened rules for Hong Kong’s money lenders will protect helpers

Moves to regulate the moneylender sector must be accompanied by strengthening law enforcement and stepping up education efforts.

The Asian Migrants Coordinating Body holds a protest to call for a living wage and better working conditions for migrant domestic workers in Hong Kong, in front of the Central Government Offices, on May 1. Photo: Nora Tam
SCMP Exclusives

Exclusive | Takeover of Hong Kong Golf & Tennis Academy’s Central club postponed by 2 months

Source says delay of merger with Carlyle & Co follows meeting of HKGTA members.

The merger of operations at the HKGTA’s Town Club in Central earlier sparked a backlash among members. Photo: Handout
Louis Koo Tin-lok

Would you invest in a play? Hong Kong sets the stage for tokenised funding

‘We also anticipate that future investment tokens and tokenised experiences will be settled using stablecoins,’ fintech group firm says.

West Kowloon Cultural District

Opinion | The best of Hong Kong as a cultural hub is yet to come

Here are three ways the city can build on the recent momentum of art and cultural events to achieve something more enduring.

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Hong Kong

The Weeknd reveals dates for Hong Kong concerts at Kai Tak Stadium

K-pop girl group Babymonster also confirms stop at AsiaWorld-Arena on January 9.

The Weeknd has confirmed two Hong Kong concerts in October. Photo: Getty Images
Hong Kong housing

Hong Kong lawmakers urge rethink of housing development policy for elderly

Lawmakers say government must reassess scheme to develop public rental flats for elderly by balancing costs and providing services, not just homes.

An elderly man walks past Cheerful Court in Kowloon Bay, a Senior Citizen Residences Scheme project, on Monday. Photo: Karma Lo
Kai Tak Sports Park

Letters | Abrupt end to Kai Tak concert tarnishes Hong Kong’s mega-event ambitions

Readers discuss shortfalls in Kai Tak Stadium’s operation, Hong Kong’s unfulfilled promise to protect the rights of same-sex couples, and the penalty for a lawmaker’s traffic offence.

Hong Kong society

Opinion | As claw machines proliferate, Hong Kong must regulate the unregulated

Given the addictive potential of the machines and complaints about rigging, regulation is a step in the right direction and must protect children.

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