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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.
Lofter Group, known for its urban renewal projects across the city’s core districts, and an affiliated company were named as defendants in the High Court action initiated by Earth Core Holdings. Photo: Yik Yeung-man
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’

Mainland China

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

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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Hong Kong society

Exclusive | Cigarette butts ‘strong evidence’ of smoking ban breach at work sites: Chris Sun

Labour chief reveals further details of proposed ban and lays out other priorities, including injury compensation mechanism for online delivery workers.

Currently, smoking in an outdoor area of a construction site is only illegal if it occurs near flammable materials. Photo: Jelly Tse
Hong Kong shipping and logistics

Editorial | Hong Kong’s maritime edge is real, but it’s not cause for complacency

Former chief executive Leung Chun-ying is right to stress the need for the sector to enhance its service capabilities amid geopolitical uncertainty.

Hong Kong

Small grocers’ neighbourhood links can help them beat price war, experts say

Latest price war erupted ahead of Mother’s Day with ParknShop, Wellcome offering 12 per cent off for shoppers who met minimum spending threshold.

Hong Kong housing

Hong Kong villagers accuse authorities of rushed Northern Metropolis evictions

One elderly villager says she fears her family may be separated due to rehousing arrangements.

Yick Yuen Tsuen villagers speak to the media over forced relocations. The village falls within the government’s planned Hung Shui Kiu/Ha Tsuen New Development Area. Photo: Eugene Lee
Hong Kong society

Hong Kong Mother’s Day dining shifts from traditional banquets to casual meals

Banquet restaurants, popular in past years for big celebrations, report weaker Mother’s Day trade as families opt for lunch, afternoon tea or hotpot.

A family celebrates Mother's Day at the London Restaurant in Mong Kok. According to one industry leader, more people appear to be booking lunch or afternoon tea than big dinners for the special day. Photo: Sam Tsang
Greater Bay Area

Hong Kong records 17% jump in investment led by purchases, construction

Finance chief Paul Chan says growth reflects improving property market, but concedes uneven recovery across different sectors.

Hong Kong politics

Editorial | Beijing trip will help Legco sharpen Hong Kong’s development blueprint

The historic visit transcends symbolism; insights gained will strengthen the city’s edge while cementing its role in national development.

SCMP Exclusives

Exclusive | 100 Hong Kong-linked ships ‘stranded in Strait of Hormuz’ amid Middle East war

Industry leader says figure suggests 2,300 seafarers trapped in strait, with sector’s biggest priority being keeping them supplied.

The Strait of Hormuz has become a cornerstone of the US-Israel war with Iran. Photo: ISNA/AFP
SCMP Exclusives

Exclusive | Hong Kong Golf & Tennis Academy members reject Central takeover by Carlyle & Co

Some members of exclusive sports club object to Town Club operations transfer, complaining about unfair access and incompatible patron profiles.

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Carlyle & Co, a private members’ club, will take over the operations of the Hong Kong Golf & Tennis Academy’s Town Club in Central on June 8. Photo: Handout
Hong Kong

Hongkongers pack major supermarkets amid ‘price war’ on eve of Mother’s Day

ParknShop and Wellcome offer 12 per cent off purchases, while HKTVmall tries to lure customers with up to 15 per cent off at physical stores.

Mother's Day

Budding Mother’s Day competition as Hong Kong florists prune prices

Crowds flock to Mong Kok market on day before Mother’s Day for colourful bouquets of carnations, roses and other fresh flowers.

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