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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.
Flowers for sale at Victoria Park. “Winter has become like summer, which is not a good phenomenon for flowers or farmers,” says Li Wing-keung, director of Keung Kee Garden. Photo: Dickson Lee
Mainland China

Early flower blooms in warm weather add to sellers’ woes at festival fairs

Temperatures aside, vendors say competition from rivals over border and poor economy have dampened consumer spending.

Hong Kong politics

Opinion | Hong Kong’s success debunks the false binary of security vs freedom

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Hong Kong tourism

Hong Kong visitor arrivals off to strong start in 2026, up 9.6% to 7.23 million

Lunar New Year

From fireworks to racing, how Hong Kong is celebrating the Year of the Horse

Here is your guide to events beginning on February 17 ushering in the new year.

A performer dressed as the God of Wealth for Chinese New Year Raceday at Sha Tin Racecourse in 2024. Photo: Dickson Lee
China consumption

China’s Spring Festival box office faces plot twist after 2025 smashed records

Home-grown films lead the charge but fail to meet the phenomenal success of last year’s Ne Zha 2, which attracted record-breaking crowds.

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Hong Kong property

Editorial | Steady recovery in Hong Kong’s property market a vote of confidence

Landmark deals in Central show foreign financial institutions see potential in the city’s and China’s economy.

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Hong Kong transport

Hong Kong users warned of heavier mega bridge traffic as Zhuhai link suspended

A temporary link bridge in Zhuhai will be closed for repairs from Sunday until further notice.

Heavier traffic is expected on the Hong Kong-Zhuhai-Macau Bridge. Photo: Xinhua
Hong Kong

Flower sales in Hong Kong bloom as Valentine’s Day shoppers splash out on gifts

Some vendors at Mong Kok Flower Market say sales up 20 per cent as shoppers pack area.

Hong Kong transport

Star Cruises ‘fully prepared’ for next sailing after anger over axed trip

Cruise operator apologised for cancelling three-day, two-night voyage to Xiamen on Friday evening.

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Hong Kong

Hong Kong’s West Kowloon arts hub secures HK$3 billion, 10-year loan facility

Deal, together with US$1 billion bond issuance in tranches, will help operator meet financing challenges until property project generates revenue.

Construction at the West Kowloon Cultural District. Photo: Jelly Tse
Hong Kong

Hong Kong diners bid farewell to 80-year-old Honolulu Coffee Shop in Wan Chai

Dozens pack cha chaan teng known for its egg tarts and milk tea ahead of March 1 closure.

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Honolulu Coffee Shop in Wan Chai. Photo: Jonathan Wong
Hong Kong tourism

How Hongkongers are using a longer Lunar New Year break for travel

South Korea and Japan also popular as some residents make the most of break by taking two days of leave to enjoy nine consecutive days off.

Hong Kong property

Exclusive | Box office bust? The show may be over for another Hong Kong cinema

IFC Mall is reportedly looking at the big picture as it explores potential tenants to replace upscale movie theatre Palace IFC.

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China Conference: Southeast Asia

Editorial | As China and Indonesia strengthen ties, Hong Kong has a role to play

The SCMP’s China Conference: Southeast Asia highlighted the synergies between the world’s second-largest and Asean’s biggest economies.

Leung Chun-ying, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference, speaks at SCMP’s China Conference: Southeast Asia in Jakarta, Indonesia, on February 10. Photo: SCMP
Hong Kong transport

Editorial | Critical review needed to keep Hong Kong’s rail operations on track

While the MTR still has a fine reputation, the latest service disruption signals that various protocols need to be evaluated.

Crowds of passengers exit North Point station due to the suspension of the MTR’s Island line on February 11. Photo: Handout
Ageing society

Opinion | Hong Kong should see the ‘silver economy’ as a golden opportunity

The city could reframe its ageing trend by working to become a global capital for ‘longevity finance’ and supporting East-West healthcare innovations.

West Kowloon Cultural District

West Kowloon arts hub seeks US$1 billion in first bond sale to fund operations

Loss-making authority edges closer to bond offering to help sustain operations amid continuing deficits.

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Mainland China

John Lee vows ‘systematic framework’ to align Hong Kong with nation’s blueprint

In a social media post, chief executive says all officials must have ‘reform mindset’ to ensure Hong Kong’s five-year plan proceeds towards its goals.

Chief Executive John Lee (centre) at the meeting. Photo: Handout
Mainland China

CK Hutchison pursues ‘all legal options’ on Panama ports, invites consultations

Conglomerate says authorities have ‘advanced steps towards a forced exit’ of Panama Ports Company (PPC) and are preparing to transition port operations.

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Hong Kong

Bookings up but bottom lines flat for Hong Kong reunion dinners

Seafood chain says bookings for reunion dinners have risen 10 per cent but overall year-on-year earnings for Lunar New Year period could ‘just about balance out’.

Hong Kong population

School system not to blame for record low 31,100 births in Hong Kong: minister

Education chief says declining birth rate part of global trend and school policies, including fees, are not the reason couples are having fewer babies.

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Children at a playground in New Town Plaza in Sha Tin. Photo: Sam Tsang
Banking & finance

Hong Kong banks’ profit growth slows amid rising bad debt, slim margins

Profit growth slows to 7.3 per cent from 8.4 per cent a year earlier as bad loans exceed two-decade average, HKMA says.

The headquarters of Standard Chartered Bank and HSBC are seen in Central on March 23, 2025. Photo: Eugene Lee
Mainland China

Hong Kong braces for 11.38 million trips during Lunar New Year travel rush

Projected figure marks 16 per cent increase from last year, according to Immigration Department.

Hong Kong transport

MTR Corp under pressure to explain if human error behind Island line shutdown

‘Unless they encountered an unprecedented mechanical failure, the chances of human error are nowhere near low,’ ex-lawmaker Gary Zhang says.

Artificial intelligence

Hong Kong executives trail employees in AI adoption: McKinsey

Just 14 per cent of Hong Kong executives use AI frequently, as companies face strategy, data and training barriers to wider adoption.

Executives in Hong Kong are lagging their workforce when it comes to AI use. Photo: Karma Lo
Lunar New Year

Vendors upbeat despite rent rises as crowds flock to Lunar New Year fair

From flowers to fai chun, crowds return in force to Victoria Park on the fair’s opening day as the Year of the Horse approaches.

Hundreds of shoppers visited the opening day of the Lunar New Year fair at Victoria Park to check out this year’s offerings at 400 stalls. Photo: Sam Tsang
Hong Kong

Gundam, Godzilla to headline Asian IP festival Con-Con in Hong Kong

Two-day event will also showcase Japanese musicians including festival ambassador Cocomi, daughter of actor Takuya Kimura.

Hong Kong society

Hong Kong enterprise for needy unable to set up new shop after government error

Tender exercise cancelled after erroneous power supply details sent to bidders by Housing Authority, leaving Agape Garden in limbo.

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