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Hong Kong Economy

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A view of Kowloon Tong, Shek Kip Mei and Sham Shui Po. Photo: Dickson Lee
Hong Kong property

NWD’s Pavilia Rosa project tests property market amid Hang Seng slump

Hong Kong developer’s Kowloon Tong project, to be sold on a ‘first come, first served’ basis on Friday, is a test of market sentiment.

Hong Kong economy

Lantau reclamation plans should be revived, property tycoon Gordon Wu says

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Hong Kong economy

Hong Kong tycoon bets China will overtake US economy ‘in next decade or so’

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Hong Kong economy

Hong Kong to open first convenience store operated by humanoid robot in AI push

Store in Hung Hom will feature robot able to serve customers in different languages in latest example of city’s AI adoption, finance chief says.

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The 24-hour convenience store was developed by a mainland Chinese company focused on embodied AI, according to finance chief Paul Chan. Photo: Handout
The 24-hour convenience store was developed by a mainland Chinese company focused on embodied AI, according to finance chief Paul Chan. Photo: Handout
Hong Kong economy

Central Asia tipped to be Hong Kong’s next logistics hub: Airport Authority head

Chairman Fred Lam says flight disruptions in Middle East and Russia make region viable hub connecting Asia and Europe.

Hong Kong economy

Exclusive | Hong Kong Golf & Tennis Academy patrons threaten legal action over club changes

Patrons lodge complaints over whether changes to clubhouse access breach promises tied to HK$2.68 million memberships.

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Hong Kong economy

96 deals signed, flights planned: what’s next for Hong Kong and Central Asia?

Observers say real challenge lies ahead as government and business stakeholders follow up to realise gains.

Chief Executive John Lee (pointing) tours Nazarbayev University in Astana, Kazakhstan. Photo: Handout
Chief Executive John Lee (pointing) tours Nazarbayev University in Astana, Kazakhstan. Photo: Handout
Hong Kong economy

Is the dream over? Mainland students rethink Hong Kong over costs and cultural fit

Mainland students graduating from city’s universities are grappling with difficult choice of whether to stay or return home.

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Hong Kong economy

Hong Kong ideal platform for Uzbek firms to spread wings globally, John Lee says

City leader invites Uzbek Prime Minister Abdulla Aripov to be keynote speaker at coming Belt and Road Summit to be held in Hong Kong in September.

Hong Kong tourism

Hong Kong tour guide stripped of licence over coercing visitors into shopping

Disciplinary action by Travel Industry Authority is second of its kind in less than two months.

Tourists visiting Golden Bauhinia Square in Wan Chai. Photo: Jelly Tse
Hong Kong economy

Opting out: why does Hong Kong have more idle youth than its Asian peers?

Lawmakers and experts urge government to expand training, especially in artificial intelligence, and review youth schemes to tackle emerging issues.

Hong Kong has more idle youngsters known as NEETs compared with other Asian economies. Photo: Jelly Tse
Hong Kong has more idle youngsters known as NEETs compared with other Asian economies. Photo: Jelly Tse
Hong Kong economy

Hong Kong signs 96 agreements with Kazakhstan and Uzbekistan worth US$1.65 billion

City leader John Lee hails Central Asia visit as setting stage for closer government and business ties with region.

Hong Kong transport

MTR Corporation raises €3 billion in its first public euro green bond sale

The offering marks Hong Kong rail giant’s largest-ever bond deal.

Hong Kong economy

Direct Hong Kong-Almaty flights ‘will save travellers 10 hours, draw tourists’

Lawmakers say new route set to be launched next year will strengthen business ties and bring tourists to Hong Kong shores, with visa-free access under discussion.

Cathay Pacific will launch direct flights to Almaty in the first quarter of next year. Photo: May Tse
Hong Kong economy

Direct flights between Hong Kong and Uzbekistan to launch this year, sources say

Direct flights between Hong Kong and Tashkent to start as talks begin on reciprocal 30-day visa-free stay agreement to boost trade, tourism and regional ties.

Hong Kong Chief Executive John Lee alongside Uzbekistan’s Foreign Affairs Minister, Bakhtiyor Saidov. Photo: Handout
Hong Kong Chief Executive John Lee alongside Uzbekistan’s Foreign Affairs Minister, Bakhtiyor Saidov. Photo: Handout
Hong Kong economy

Booking system considered to protect popular Hong Kong hiking trail from crowds

More people than expected visited scenic Po Pin Chau during recent holiday peaks.

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Hong Kong economy

MTR Corp boss Jacob Kam elected chairman of Hong Kong’s largest business chamber

Kam takes over as head of the Hong Kong General Chamber of Commerce for one-year term.

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Hong Kong economy

‘At least 1 firm under Kazakh wealth fund will list in Hong Kong this year’

Trade Development Council chairman Frederick Ma points to Kazakhstan’s huge potential as it seeks to privatise state-owned companies.

Chief Executive John Lee and delegation members learn about Kazakhstan’s AI developments during their visit. Photo: handout
Chief Executive John Lee and delegation members learn about Kazakhstan’s AI developments during their visit. Photo: handout
Hong Kong economy

Hong Kong media groups sign Kazakhstan deals to deepen journalism, business ties

SCMP’s pact with Kazakhstan’s financial hub will foster investment, innovation and cross-border partnerships, publisher Tammy Tam says.

Hong Kong economy

Hong Kong retail sales rise 8.6% in April, but ‘full recovery has yet to emerge’

Retail sales for first four months of 2026 up 11.3 per cent from the same period last year.

Hong Kong economy

Hong Kong to relaunch direct flights to Kazakhstan in first quarter of 2027

City leader John Lee vows to push for 30-day visa-free access to Central Asian country, while Cathay says it will offer three flights per week.

Chief Executive John Lee (third right) and other officials attend a meeting with Baiterek National Investment Holding in Astana. Photo: Handout
Hong Kong economy

Hong Kong leader’s visit set to unlock Kazakh flights, with incentives eyed

Hong Kong-based airline exploring launching such flights up to three times a week but details are being ironed out.

Asel Suankulova is confident that there will be good demand for a Hong Kong-Kazakhstan service. Photo: Jeffie Lam
Asel Suankulova is confident that there will be good demand for a Hong Kong-Kazakhstan service. Photo: Jeffie Lam
Hong Kong economy

Make use of Hong Kong’s advantages, John Lee urges Kazakhstan leaders, companies

Lee meets President Kassym-Jomart Tokayev as delegation seals wide range of partnership deals on first day of Central Asia trip.

Banking & finance

Hong Kong’s venture fund eyes bigger bankroll after double-digit return

Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund.

Hong Kong economy

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact.

Paul Chan says rising fuel prices will push up inflation, but the impact on Hong Kong remains limited. Photo: Sam Tsang
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