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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.
Illustration: Victor Sanjinez
Hong Kong

Opinion | Why another golden era for Hong Kong is just around the corner

The city’s biggest growth catalyst of the next decade will be to embrace its role as China’s global treasury capital.

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Hong Kong youth

Editorial | Hong Kong youth need more targeted training and job opportunities

Central Asia

Opinion | Hong Kong unleashes new growth engine through landmark Central Asia mission

Kazakhstan

Opinion | Why Hong Kong and Kazakhstan are drawing closer

As Kazakhstan seeks to diversify its financial partnerships and deepen engagement with China, Hong Kong’s offerings stand out.

Hong Kong Chief Executive John Lee Ka-chiu visits the Astana Hub to learn about the latest Kazakh developments in artificial intelligence on June 1, in Kazakhstan. Photo: ISD
Hong Kong

Lantau reclamation plans should be revived, property tycoon Gordon Wu says

Lack of urban land will hold back city’s development as population grows, Hopewell Holdings chairman argues.

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Hong Kong society

Hong Kong tycoon bets China will overtake US economy ‘in next decade or so’

Hopewell founder Gordon Wu says city must leverage its role as a premier trading hub to attract highly fluid American private wealth.

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Mainland China

Hong Kong to open first convenience store operated by humanoid robot in AI push

Store in Hung Hom will feature robot able to serve customers in different languages in latest example of city’s AI adoption, finance chief says.

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The 24-hour convenience store was developed by a mainland Chinese company focused on embodied AI, according to finance chief Paul Chan. Photo: Handout
Northern Metropolis

Opinion | Hong Kong should adopt the ‘Hefei model’ in the Northern Metropolis

If the Northen Metropolis megaproject is to accelerate, a fundamental overhaul of the existing legal framework and development model is required.

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Central Asia

Central Asia tipped to be Hong Kong’s next logistics hub: Airport Authority head

Chairman Fred Lam says flight disruptions in Middle East and Russia make region viable hub connecting Asia and Europe.

Kazakhstan

Editorial | Central Asia visit has cemented Hong Kong’s position as a superconnector

Beyond the value of the deals, the mission’s success can also be measured through the matching of interests between HK and mainland firms and their Kazakh and Uzbek counterparts.

Hong Kong Chief Executive John Lee shakes hands with Kazakhstan’s Deputy Prime Minister and Minister of National Economy Serik Zhumangarin in Astana, Kazakhstan on June 2, 2026. Photo: Handout
Animal welfare in Hong Kong

Editorial | Ensuring dogs are licensed is crucial as eateries prepare to host them

The AFCD’s recent actions to make sure owners have vaccinated and licensed their dogs is essential to upholding public safety and animal welfare.

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People have a picnic with their dog at the West Kowloon Cultural District on June 1. Photo: Sam Tsang
China jobs

China’s gig economy is an employment reservoir – but is the well drying up?

More than 200 million people in China are flexibly employed, but AI adoption, unstable income and poor social security make positions precarious.

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SCMP Exclusives

Exclusive | Hong Kong Golf & Tennis Academy patrons threaten legal action over club changes

Patrons lodge complaints over whether changes to clubhouse access breach promises tied to HK$2.68 million memberships.

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Central Asia

96 deals signed, flights planned: what’s next for Hong Kong and Central Asia?

Observers say real challenge lies ahead as government and business stakeholders follow up to realise gains.

Chief Executive John Lee (pointing) tours Nazarbayev University in Astana, Kazakhstan. Photo: Handout
Hong Kong transport

HK$69 million saved in first month after HK$2 fare scheme revamp

Welfare chief Chris Sun says fewer people are taking long-distance rides for short journeys.

The HK$2 fare scheme was revamped in April following concerns over ballooning costs. Photo: Dickson Lee
Hong Kong

Is the dream over? Mainland students rethink Hong Kong over costs and cultural fit

Mainland students graduating from city’s universities are grappling with difficult choice of whether to stay or return home.

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China education

Editorial | Help mainland students overcome hurdles to ensure more stay in Hong Kong

High accommodation costs, career uncertainty and social integration weigh heavily as city seeks to tap into this potential talent pool.

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Hong Kong

Hong Kong ideal platform for Uzbek firms to spread wings globally, John Lee says

City leader invites Uzbek Prime Minister Abdulla Aripov to be keynote speaker at coming Belt and Road Summit to be held in Hong Kong in September.

Chief Executive John Lee (second left) visits the Islamic Civilization Center in Tashkent to learn about local efforts in cultural preservation, academic research and education promotion. Photo: ISD
Hong Kong

Opting out: why does Hong Kong have more idle youth than its Asian peers?

Lawmakers and experts urge government to expand training, especially in artificial intelligence, and review youth schemes to tackle emerging issues.

Hong Kong

Opinion | For airport city to take off, Hong Kong must learn from 11 Skies failure

When the market the project was designed for has largely disappeared, the more useful question is whether it can adapt.

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US, Israel war on Iran

Editorial | As inflation rises globally, Hong Kong must remain alert

While the city is better off than most amid the effects of the war in Iran, events in the Middle East can be unpredictable.

An attendant pumps fuel at a petrol station in Wan Chai on April 10. Photo: Jelly Tse
Britain

Opinion | UK could take a leaf out of Hong Kong’s supply-side economics

Too much government interference, whether through subsidies or regulatory pressure, stifles the very growth that can better society.

A pedestrian walks along the River Thames and mudlarks during low tide, with the City of London financial district in the background on September 15, 2025. Photo: EPA
Hong Kong’s Tai Po fire tragedy

‘All reasonable steps’ for site smoking ban include CCTV, cigarette storage

Smoking is set to be prohibited at all construction sites following deadly Tai Po blaze.

Central Asia

Hong Kong signs 96 agreements with Kazakhstan and Uzbekistan worth US$1.65 billion

City leader John Lee hails Central Asia visit as setting stage for closer government and business ties with region.

Hong Kong transport

MTR Corporation raises €3 billion in its first public euro green bond sale

The offering marks Hong Kong rail giant’s largest-ever bond deal.

The MTR Corporation has a number of projects under way in Hong Kong. Photo: Karma Lo
Belt and Road Initiative

Direct Hong Kong-Almaty flights ‘will save travellers 10 hours, draw tourists’

Lawmakers say new route set to be launched next year will strengthen business ties and bring tourists to Hong Kong shores, with visa-free access under discussion.

Cathay Pacific will launch direct flights to Almaty in the first quarter of next year. Photo: May Tse
Hong Kong tourism

Direct flights between Hong Kong and Uzbekistan to launch this year, sources say

Direct flights between Hong Kong and Tashkent to start as talks begin on reciprocal 30-day visa-free stay agreement to boost trade, tourism and regional ties.

Hong Kong youth

Opinion | Hong Kong’s first astronaut success is also a story of youth potential

Hongkongers and the city’s universities can play a meaningful role in China’s space programme. The sky is not the limit.

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