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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.
Hong Kong is one of Asia's leading international financial centres. Photo: AFP
US-China relations

US lets Hong Kong emergency expire but keeps preferential treatment restrictions

State Department says 2020 order remains in effect as city still lacks sufficient autonomy for different treatment from mainland China.

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Hong Kong property

Hong Kong’s prime office space finds support but noncore demand lags

Hong Kong society

Hong Kong passes bill for Huanggang ‘co-location’ arrangement

Food and Drinks

Letters | Why transparency on pre-made meals would help Hong Kong dining

Readers discuss diners’ expectations of transparency and accountability, teaching children not to waste food, and dog-friendly restaurants.

Tourists pack seafood restaurants in Sai Kung on May 2, during the Labour Day golden week holiday. Photo: Dickson Lee
Banking & finance

How AI and chip boom is propelling Hong Kong’s ETP market to new heights

Hong Kong is already the world’s fourth-largest market for exchange-traded products, and the rapid growth in trading is set to continue, director says.

Hong Kong society

Opinion | Why Hong Kong needs to stop measuring itself against its past

Successful global cities are defined by their ambition and measure themselves against the world’s best rather than their past.

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Hong Kong transport

Is Hong Kong kicking the can down the road with ride-hailing quota?

Authorities expect 10,000-vehicle cap will meet demand but critics warn it may lead to shortages, higher fares and public dissatisfaction.

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Illustration: Henry Wong
Hong Kong property

Retail rift: Hong Kong shops beg for rent relief, landlords hold firm

As closures continue despite rising retail sales, landlords and operators have starkly divided views on the retail leasing market.

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Hong Kong

Hong Kong urged to position Greater Bay Area as equine hub, grow racing tourism

Hong Kong Jockey Club proposes leveraging its Guangzhou racecourse as strategic platform for deeper cooperation with mainland.

Hong Kong tourism

Short-haul arrivals fall 15% in June amid strong Hong Kong dollar, fewer flights

City receives 3.72 million visitors last month, driven largely by 10 per cent rise in mainland Chinese arrivals to 2.88 million.

Tourists visit the Avenue of Stars in Tsim Sha Tsui on July 1, the city’s handover anniversary day. Photo: Jelly Tse
Hong Kong transport

Hong Kong set to invite ride-hailing firms to apply for licences in August

Transport minister Mable Chan sets down timeline as lawmakers complete negative vetting for ride-hailing legislation.

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An Uber cab passes a taxi stand in Tsim Sha Tsui. Photo: Jelly Tse
Hong Kong

Hongkongers’ new pet peeve over dogs at diners sparks calls for tougher vetting

Viral videos showing dogs licking plates and sitting on tables and chairs have drawn widespread criticism.

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Banking & finance

HKIC reports double-digit investment return as ‘patient capital’ bears fruit

The government-owned investment firm generated nearly HK$6.5 billion in its second year, as Hong Kong’s economic vision begins to take shape.

Education in Hong Kong

DSE candidates overcome physical challenges to achieve hard-earned results

Tam Chun-yu, who has cerebral palsy, typed his answers with one finger while Liu Pong-faat has difficulty writing but completed his exams.

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Tam Chun-yu used a mobile phone to answer exam questions. Photo: Jelly Tse
Hong Kong International Airport

Hong Kong airport profit falls 16.8% to HK$2b as expenses, salvage operation bite

But passenger throughput, aircraft movements, cargo and airmail volumes all saw growth despite ongoing geopolitical trade tensions.

Hong Kong International Airport's Terminal 2 opened to travellers in May. Photo: Sam Tsang
Cathay Pacific

Cathay to add 4 Latin American destinations via Madrid code-share with Iberia

Passengers will be able to travel to Fortaleza and Recife in Brazil, Buenos Aires in Argentina and the Dominican Republic under arrangement.

Stock Connect

Opinion | Connect scheme for gold shines light on China’s financial liberalisation

The Connect model has evolved from isolated reforms into a blueprint for China’s financial opening up, with Hong Kong as the bridgehead.

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Blockchain

Hong Kong steps up its crypto hub challenge with tokenised fund

As the city looks to challenge the US as a global crypto hub, Baillie Gifford says the SFC has approved its blockchain-based tokenised fund.

British fund manager Baille Gifford says it has received approval from the Securities and Futures Commission to issue the city's first blockchain-based tokenised fund. Photo: Shutterstock
Hong Kong society

Hong Kong to fast-track Huanggang Port upgrades as Legco gears to approve bill

Secretary for Security Chris Tang Ping says bill, which provides legal basis for co-location arrangement at border crossing, must be approved by July 31.

Hong Kong media

Opinion | How Hong Kong’s first 5-year-plan can help future-proof the media industry

With the right policy support, there is great scope for media operations to function as sandboxes for developing and testing advanced AI technologies.

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Greater Bay Area

Hong Kong urged to pave path for Greater Bay Area firms going global

Standards alignment, supply-chain coordination and cross-border financing are areas where city’s expertise can be pivotal, summit speakers say.

Supply-chain relocation exposes the limits of going it alone for companies in the bay area, according to speakers at a summit on Greater Bay Area expansion. Photo: Eugene Lee
Hong Kong property

Hong Kong holds world’s costliest-property crown, but quality of life takes hit

Deutsche Bank cuts the financial hub’s quality-of-life standing as soaring expenses squeeze households, and Seoul emerges as a tech-driven regional competitor.

The Hong Kong skyline is seen from The Peak. Photo: Sam Tsang
Greater Bay Area

Mainland Chinese firms on Hong Kong-led Central Asia trip ‘eye city listing’

Hong Kong’s leader says city will press on as ‘superconnector’, ‘super value-adder’ to help them expand overseas amid geopolitical disruptions.

Hong Kong workers/labour rights

Editorial | Hong Kong finally moves to extend labour rights to the gig economy

Ensuring delivery workers have the right to injury compensation will be a breakthrough as the city strives to enhance labour protections.

Hong Kong transport

Hong Kong’s Star Ferry seeks 30% fare rise, eyes pet-friendly service

Operator has applied to raise fares on its two franchised routes by as much as HK$2 per journey.

A total of 249 people and 142 dogs cross Victoria Harbour in April 2023 on a trip organised by the Society for the Prevention of Cruelty to Animals (Hong Kong) and Star Ferry. Photo: Xiaomei Chen
Hong Kong

Northern Metropolis fast-track laws will ‘run parallel’ with environmental rules

Contractors must comply with noise and environmental standards of both regulations, official says.

The site of the Northern Metropolis’s future San Tin Technopole. Photo: Edmond So
Pets

Hongkongers spend record HK$2,000 per month on cats as ‘silver’ pet market grows

Hong Kong Cat Expo organiser says growing proportion of ageing felines will drive future market growth as owners seek better care for pets.

Hong Kong

Editorial | Universities buying prime Hong Kong property is a win for both sectors

Centrally located premises add to the appeal of the ‘Study in Hong Kong’ brand while the demand invigorates a weak property sector.

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