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Hong Kong Economy

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Illustration: Henry Wong
Hong Kong economy

Hongkongers find value, space and style in Shenzhen’s new cultural hotspots

Short cross‑border getaways emerging as the ‘quick escape’ of choice, with the newly opened Shenzhen Bay Culture Square adding to appeal.

Hong Kong economy

Blooming good: Monet, maestros shine as garden art bridges East and West

Hong Kong economy

Hong Kong airport’s revenue ‘expected to grow by up to 10%’ despite Mideast war

Hong Kong economy

Henderson Land joint venture to operate Central Harbourfront Event Space

Joint venture between property developer and YW Company beat five other bidders for prime site that hosts events such as Clockenflap and Wine and Dine Festival.

Hong Kong’s annual Wine & Dine Festival is held at the Central Harbourfront event space. Photo: Nora Tam
Hong Kong’s annual Wine & Dine Festival is held at the Central Harbourfront event space. Photo: Nora Tam
Hong Kong economy

Hong Kong jobless rate dips for second successive period

Unemployment rate was 3.7 per cent for January to March, down by 0.1 percentage point from 3.8 per cent for the preceding three-month period.

Hong Kong economy

Exclusive | Travel scheme could allow Hong Kong, Macau yachts to sail to 6 bay area ports

Guangdong provincial government document also shows several routes recommended for leisure, such as Pearl River Delta, Castle Peak Bay.

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Hong Kong economy

Hongkongers flock to theatres to snap up HK$30 Cinema Day tickets in advance

Customers queue up from as early as 10.30am at Star Cinema in Tseung Kwan O to buy discounted tickets for films screening this Saturday.

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Customers queue at Star Cinema in Tseung Kwan O to buy HK$30 tickets on Wednesday. Photo: Sam Tsang
Customers queue at Star Cinema in Tseung Kwan O to buy HK$30 tickets on Wednesday. Photo: Sam Tsang
Hong Kong economy

MTR Corp’s HK$18.8 billion green bond sale sets local currency record

Retail investors can buy bonds through platforms or institutional investors such as Mandatory Provident Fund schemes, private banks or funds.

Crime in Hong Kong

Hong Kong aiming to curb illicit fuel trade with tougher penalties: source

Buyers could face HK$1 million fine and one year in prison, while sellers risk up to HK$3 million fine and three years in jail under proposal.

Hong Kong economy

First AI driverless trucks deployed to tackle Hong Kong port labour shortage

Six autonomous trucks used to improve efficiency at Kwai Tsing Terminal, handling more than 8,000 container movements since January.

Containers being loaded on to the AI-powered autonomous trucks at Kwai Tsing Terminal. Photo: Elson Li
Hong Kong society

Fujii Kaze pulls plug on Hong Kong show as Japanese acts shun city

Hong Kong was originally listed as one of the stops in the singer-songwriter’s ‘Prema World Tour’.

Fujii Kaze has cancelled the Hong Kong leg of his coming world tour. Photo: Handout
Fujii Kaze has cancelled the Hong Kong leg of his coming world tour. Photo: Handout
Hong Kong property

Hong Kong property investment soars on lower funding costs, rising demand

Hong Kong’s commercial property market draws US$1.6 billion in the first quarter, driven by office, retail and hotel demand amid lower Hibor rates.

Hong Kong economy

Hong Kong-Macau ferry fares to increase by up to 11% amid fuel costs surge

High fuel prices hit transport sector as TurboJet and Cotai Water Jet raise fares, while union says bus drivers face income losses amid service cuts.

Hong Kong economy

Which global firms are being attracted by Hong Kong’s strategic enterprise scheme?

The South China Morning Post examines 22 firms opening or expanding in the city, with HK$73 billion in investment and 25,000 jobs expected.

Pfizer, a leading global research‑based pharmaceutical and biotechnology company, is among the biggest names in the latest cohort. Photo: Reuters
Hong Kong economy

Hong Kong retailers leverage scale, sourcing to offset war-driven cost pressures

Operator of Wellcome, Mannings, 7-Eleven and Ikea tackles crisis with key initiatives but Sa Sa warns of pressure on beauty items derived from petroleum.

People shop at a supermarket in Causeway Bay. Photo: Jelly Tse
People shop at a supermarket in Causeway Bay. Photo: Jelly Tse
Hong Kong tourism

40 Hong Kong tour groups safe after major earthquake strikes Japan

Japan issues tsunami warning for north and northeast prefectures of Hokkaido, Aomori and Iwate, after quake strikes at 4.53pm.

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Hong Kong society

Hong Kong watchdog warns of undeclared gluten in Marks and Spencer yoghurt

The Centre for Food Safety is investigating the omission of gluten from ingredients list as the importer recalls the batch as a precaution.

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Hong Kong property

Hong Kong’s Northern Metropolis gains momentum as key project attracts 8 bids

The second phase of the Kam Sheung Road station project is estimated at about HK$5.7 billion, according to an analyst’s forecast.

Kam Sheung Road MTR station. The railway operator received eight bids for a key project in the area, which is part of the Northern Metropolis development. Photo: Google Maps
Kam Sheung Road MTR station. The railway operator received eight bids for a key project in the area, which is part of the Northern Metropolis development. Photo: Google Maps
Hong Kong tourism

Mainland Chinese to make 980,000 inbound trips to Hong Kong for Labour Day break

Estimate from Immigration Department represents 7 per cent increase from last year’s holiday.

Hong Kong economy

Hong Kong launches Skytopia marina project to drive tourism and yacht economy

Airport Authority invites global bids for 200-hectare marina to tap market expected to reach HK$352 billion by 2032.

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Hong Kong economy

Pfizer, Amgen among 22 majors spreading wings in Hong Kong under investment push

Sixth batch under OASES initiative also features Boehringer Ingelheim, Hengrui and Haya, with Didi and AutoFlight joining transport push.

Pfizer is among 22 strategic enterprises planning to open or expand offices in Hong Kong, the SCMP has learned. Photo: Reuters
Hong Kong property

‘Kidults’ and nostalgia drive Toys ‘R’ Us pivot as Hong Kong retail evolves

The retailer is refining its operations with smaller outlets and lifestyle products to capture new demand from Gen Z and young adults.

Toys and collectibles are no longer bought only by children but increasingly by adults, says Leo Tsoi. Photo: Jonathan Wong
Toys and collectibles are no longer bought only by children but increasingly by adults, says Leo Tsoi. Photo: Jonathan Wong
Hong Kong property

Hong Kong homebuyers extend sell-out streak amid renewed confidence in market

Sentiment is likely to stay firm, agents say, citing steady demand across new launches and a rebound that lifted prices to a 22-month high.

Hong Kong sports

Hong Kong Sevens a treat for fans but local restaurants hungry for more trade

Over three action-packed days of rugby, a record 113,000 fans pass through the turnstiles.

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Hong Kong economy

New firms with up to HK$100 billion in market value to set up shop in Hong Kong

Finance chief says ‘strategic enterprises’ are in high-growth sectors, including life and health technology, low-altitude economy and AI, among others.

OASES was established in late 2022 to draw high-potential companies to Hong Kong from mainland China and overseas through tailored land and tax incentives. Photo: Eugene Lee
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