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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Hong Kong Investment Corporation CEO Clara Chan Ka-chai speaks at a forum at Regent Hong Kong on May 22, 2025. Photo: Jonathan Wong
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

Hong Kong economy

Hong Kong’s John Lee on Central Asia mission to explore new markets, expand ties

Hong Kong society

Can Hongkong Post be saved or should it become a taxpayer-funded public service?

Observers say HK$4.6 billion rescue plan only buys time as officials must decide whether basic public services should override push for profit.

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The General Post Office in Central. Hongkong Post faces mounting losses as calls grow to end its self-financing model. Photo: Nora Tam
The General Post Office in Central. Hongkong Post faces mounting losses as calls grow to end its self-financing model. Photo: Nora Tam
Hong Kong economy

High rents, job fears rank among top stressors for mainland students in Hong Kong

But over 40 per cent still plan to stay in city after graduation despite financial and mental strain, poll finds.

Hong Kong economy

Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Initiative would build on AI and finance convergence while supporting yuan internationalisation, finance chief Paul Chan says.

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Hong Kong economy

More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say

Tour operators are linking up with mainland Chinese who have settled in region, giving city residents new ways to explore unconventional destinations.

Crowds at the Registan public square in Samarkand, Uzbekistan. Photo: Getty Images
Crowds at the Registan public square in Samarkand, Uzbekistan. Photo: Getty Images
Hong Kong economy

Hong Kong must remove bottlenecks to grow yacht economy, industry leaders say

Call comes after Beijing eases restrictions on yachts from Hong Kong and Macau entering mainland cities in Greater Bay Area.

Hong Kong economy

Beijing to release Hong Kong yacht policy with mainland port details next month

State Council revamps maritime policies, exempting Hong Kong and Macau yachts from customs guarantees and simplifying registration in Greater Bay Area.

Hong Kong transport

Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing

Industry leader Chau Kwok-keung estimates about 1,800 out of city’s 18,163 cabs will be repossessed by banks as owners fail to meet mortgage payments.

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Chau Kwok-keung, chairman of the Hong Kong Taxi and Public Light Bus Association, says many owners “feel hopeless about the industry’s future”. Photo: Edmond So
Hong Kong economy

Hong Kong well placed to help Central Asia grow yuan trade, leading banker says

Stephen Chan says city is natural choice for Central Asian countries looking to expand renminbi usage in trade and investment.

A view of Kazakhstan's capital Astana. The state-owned Development Bank of Kazakhstan last year listed its first-ever yuan bond on Hong Kong's bourse. Photo: Reuters
A view of Kazakhstan's capital Astana. The state-owned Development Bank of Kazakhstan last year listed its first-ever yuan bond on Hong Kong's bourse. Photo: Reuters
Banking & finance

Mainland Chinese react as Hong Kong tightens access to offshore investing routes

Banks have been ordered to step up checks, part of wider efforts to strengthen oversight of cross-border capital flows.

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Hong Kong economy

Hong Kong exports surge 43% in April, driven by strong demand for AI electronics

Figure follows earlier five-year high of 35.8% growth in March, but government remains cautious and says Middle East war could cloud outlook.

Hong Kong economy

Merge Hong Kong’s 2 cross-boundary ferry piers to optimise capacity: lawmakers

Such a move could cater to rising demand from luxury yachts, they say, as ferry terminals record 6.5 per cent drop in passenger numbers in 2025.

The China Ferry Terminal in Tsim Sha Tsui should be used for yacht tourism, a lawmaker says. Photo: Jelly Tse
Hong Kong economy

Hong Kong eyes Central Asian listings as HKEX CEO pitches city’s deep liquidity

Bonnie Chan says city seeks closer collaboration with region ahead of city leader’s high-level trip to Kazakhstan and Uzbekistan in early June.

Astana, Kazakhstan. A high-level delegation led by Chief Executive John Lee will head to Kazakhstan and Uzbekistan in early June. Photo: Reuters
Astana, Kazakhstan. A high-level delegation led by Chief Executive John Lee will head to Kazakhstan and Uzbekistan in early June. Photo: Reuters
Hong Kong economy

Hong Kong to roll out 2-month LPG subsidy to ease burden on transport firms

LPG subsidy to take effect on Sunday and benefit operators of city’s 20,000 commercial transport vehicles, from taxis to school buses.

Hong Kong economy

Top industrialist Sunny Chai picked to head firm developing San Tin Technopole

Chai to step down as science park chairman next month before taking on role at new company steering development of innovation and technology hub.

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Hong Kong economy

Lawmakers push for answers on spending for HK$9.96b project with fencing arena

Development chief Doris Ho defends massive project cost, saying government has already pushed for further money-saving measures.

The HK$9.96 billion project in Kwu Tung North and Fanling North is part of the Northern Metropolis megaproject. Photo: Eugene Lee
The HK$9.96 billion project in Kwu Tung North and Fanling North is part of the Northern Metropolis megaproject. Photo: Eugene Lee
Hong Kong science and tech

How Hong Kong’s first astronaut triggered a space education race

Lai Ka-ying’s selection spurs interest in aerospace and satellite-design courses at centre, as industry leaders call for blueprint.

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Hong Kong economy

Hong Kong firm that makes medical implants to expand into Central Asia

Koln 3D CEO Edmond Yau says company will expand research in Kazakhstan, explore Uzbekistan and consider setting up factory in the region.

Hong Kong economy

China Mobile plans fresh Central Asia link to Hong Kong submarine cable network

Telecoms giant’s announcement comes ahead of Hong Kong leader John Lee’s first official visit to Kazakhstan and Uzbekistan in early June.

Telecoms giant China Mobile International is planning another route to connect terrestrial cables in Central Asia with Hong Kong’s submarine network. Photo: Handout
Hong Kong economy

Can Hong Kong airport’s Terminal 2 take off as 11 Skies, rivals pose challenges?

Experts say mixed-use complex must go beyond relying on passenger traffic and appeal to local market by matching offerings of city-centre malls.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Hong Kong economy

Private equity firm Templewater primed as Hong Kong deepens Central Asia ties

Chairman Cliff Zhang says company positioning itself as ‘superconnector’ to channel Middle East funds into emerging market amid volatility elsewhere.

Hong Kong society

Hong Kong’s first astronaut has done city proud but now what else is needed?

Steps needed to turn short-term excitement surrounding Lai’s Shenzhou-23 mission into long-term talent pipeline, academic says.

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Hong Kong economy

Game over? Shake-up proposed for Hong Kong internet cafes offering overnight stays

Authorities looking at two pathways to bring internet cafes under regulatory oversight, as some call for rethink to capitalise on esports boom.

In Hong Kong, internet cafe operators need a hotel or guest house licence to allow customers to stay overnight. Photo: Getty Images
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