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Hong Kong Economy

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Hong Kong housing
Hong Kong property
Tourism
Parallel trading
Hong Kong stock exchange
Hong Kong land sale
Property investment
Justin Lee (left) and Dixon Lee pose for a photo in front of the screen at Lin Heung Lau. Photo: Karma Lo
Hong Kong economy

Teahouse scores big as Hongkongers celebrate Father’s Day with yum cha, football

At Lin Heung Lau teahouse in Sheung Wan, thunderous applause and roars erupted when the Japanese team scored.

Hong Kong economy

Hong Kong ‘strategic adaptation ground’ for mainland tech giants: Paul Chan

Hong Kong economy

Scheme allows residents in 2 villages to turn houses fully into tourist sites

Hong Kong economy

Hong Kong only Chinese city that can replicate SpaceX model, CY Leung says

Ex-leader says city offers environment for companies to tap country’s capital, talent and technology for rapid growth in short time frame.

The Hong Kong Exchanges and Clearing (HKEX) building in Central. Former city leader Leung Chun-ying says Hong Kong should leverage its market capacities to grow its emerging aerospace sector. Photo: Jelly Tse
The Hong Kong Exchanges and Clearing (HKEX) building in Central. Former city leader Leung Chun-ying says Hong Kong should leverage its market capacities to grow its emerging aerospace sector. Photo: Jelly Tse
Hong Kong economy

More of Northern Metropolis set to benefit from eased flow of cross-border resources

Development Bureau says measures to ease transfers in tech zone will be tested this year and may be applied to other parts of megaproject.

Hong Kong society

What is Hong Kong’s role under China’s new vision for better global governance?

City can be important ‘convenor and superconnector’ and set standards under China’s vision for more equitable global governance, analysts say.

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Hong Kong economy

Shangri-La’s Kuok Hui Kwong tells tourism trade to tap ‘cultural foundation’

Hotel group CEO calls Hong Kong ‘a vibrant international city that has really preserved a lot of its traditional culture’.

Shangri-La Group CEO Kuok Hui Kwong (left) and gold medal Olympian Eileen Gu (right) take part in the “Dragonbeat” event. Photo: Jonathan Wong
Shangri-La Group CEO Kuok Hui Kwong (left) and gold medal Olympian Eileen Gu (right) take part in the “Dragonbeat” event. Photo: Jonathan Wong
Hong Kong economy

Will hosting Hyrox World Championships add muscle to Hong Kong’s tourism trade?

By hosting next year’s event, city could lure thousands of athletes who spend more and stay longer than average tourist, experts say.

Hong Kong property

Pop star Eason Chan snaps up US$23m home as celebrities flock to luxury property

Agent listings show that the property, in Shouson Hill, has four rooms and a garden, with a saleable area of 2,801 sq ft.

Hong Kong property

Hong Kong property sales more measured as interest rate increase looms

Hong Kong Monetary Authority warns public to beware of interest rate uncertainties.

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An artist’s impression of One Victoria Cove in Hung Hom. Photo: Handout
Hong Kong economy

Tycoon Gordon Wu says he’s very optimistic about China due to its ‘stability’

‘I am very optimistic about the future of China. Why? Because these are the people who really work hard,’ Wu says after receiving Asia Society award.

(From left) Hong Kong leader John Lee with Hopewell Holdings chairman Gordon Wu and Asia Society Hong Kong chairman Ronnie Chan Chi-chung at the Hopewell Hotel in Wan Chai on Thursday. Photo: Nora Tam
(From left) Hong Kong leader John Lee with Hopewell Holdings chairman Gordon Wu and Asia Society Hong Kong chairman Ronnie Chan Chi-chung at the Hopewell Hotel in Wan Chai on Thursday. Photo: Nora Tam
Hong Kong economy

Towngas customers face higher bills as tariffs set to rise 4.4% in August

Towngas attributes increase to rising operating expenses over the past two years.

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Hong Kong economy

Hong Kong changes how it defines poverty but experts express doubt about move

Government adopts new 21-indicator framework in efforts to help needy and raises concept of ‘social transfer values’ for first time.

Hong Kong economy

Hong Kong ranks No 2 in global competitiveness with best showing in 7 years

City trails first-place Singapore out of 70 economies surveyed by Switzerland-based International Institute for Management Development.

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Hong Kong has ranked as the world’s second-most globally competitive economy. Photo: Karma Lo
Banking & finance

Hong Kong graduates prefer careers in finance, survey finds

Survey by CFA Institute reveals 90 per cent believe they have the skills to succeed and know what employers are looking for.

Chinese University of Hong Kong graduates celebrate after its 94th congregation ceremony in November 2024. Photo: Elson Li
Chinese University of Hong Kong graduates celebrate after its 94th congregation ceremony in November 2024. Photo: Elson Li
Hong Kong economy

Hong Kong, Macau not rivals for tourist trade, industry leaders say

Two cities offer distinct experiences and can benefit from sharing visitor flows, Macau Government Tourism Office chief says.

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Hong Kong economy

Hong Kong must remain outward-looking to thrive: past and present TDC leaders

Former and current Trade Development Council leaders stress importance of free flow of goods, people and capital.

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Hong Kong science and tech

Hong Kong Science Park, SenseTime partner to build home-grown AI data centre

Project to be built in three stages, targeting 40,000 petaflops of computing power by 2030 to drive sector’s industrialisation.

Xu Li, chairman and CEO of SenseTime, left, and Terry Wong, CEO of Hong Kong Science and Technology Parks, attend the signing ceremony for the proposed AI data centre. Photo: Sun Yeung
Xu Li, chairman and CEO of SenseTime, left, and Terry Wong, CEO of Hong Kong Science and Technology Parks, attend the signing ceremony for the proposed AI data centre. Photo: Sun Yeung
Hong Kong economy

Hong Kong shoppers chase bargains despite Sam’s Club food safety probe

Cross-border consumers say low prices still outweigh concerns after state regulator announced it had summoned company representatives.

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Hong Kong property

Will Beijing’s tighter capital-control rules stall Hong Kong’s housing rebound?

Developers face a crucial test as Beijing’s capital clampdown intersects with Hong Kong’s recovering housing market.

Hong Kong economy

Where will ride-hailing data go? Hong Kong eyes national security compliance

Transport minister Mable Chan says emphasis under coming regulatory framework must be on protecting data safety and national security.

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Hong Kong has proposed a cap of 10,000 vehicles under a new ride-hailing licensing regime covering platforms, vehicles and drivers. Photo: Jelly Tse
Hong Kong economy

Hong Kong tightens imported worker scheme but open to making it permanent

Two-tier vetting system for employers comes into effect on Tuesday, with tougher rules for catering industry.

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A dim sum restaurant in Admiralty. The government has predicted that by 2028, the catering sector will be short of 1,000 to 4,000 workers. Photo: Karma Lo
A dim sum restaurant in Admiralty. The government has predicted that by 2028, the catering sector will be short of 1,000 to 4,000 workers. Photo: Karma Lo
Consumer protection in Hong Kong

Watchdog urges clearer terms as complaints about hotels near 1,000 annually

Hong Kong’s Consumer Council says hotels and online platforms should clearly spell out policies for refunds and booking changes.

Hong Kong property

Hong Kong developer Lai Sun seeks note swap in bid to ease liquidity pressure

Noteholders, if eligible, can swap their holdings for notes in US dollar denominations.

Hong Kong economy

Hong Kong aims to publish first 5-year plan in third quarter

Government’s 32-page document lists Northern Metropolis megaproject as first of six core sections.

Secretary for Constitutional and Mainland Affairs Janice Tse (centre), Permanent Secretary Maggie Wong (left) and Undersecretary Clement Woo at a media briefing announcing the launch of public consultations on Hong Kong’s five-year plan on Monday. Photo: Karma Lo
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