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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.
Stronger safety net on wages for city’s worst paid and most vulnerable is to be welcomed despite inflation and cost fears.
As many as 19 Hong Kong education institutions are interested in joining an ambitious mega development, the Northern Metropolis, on land close to the border with mainland China.
Holders of documents in mainland China will be able to enjoy 14 days from next week, and talent scheme will be expanded to Beijing and Shanghai.
Mainland Chinese regulator has announced a strong package of measures to support city’s status as Asia’s – and indeed the world’s – premier financial hub.
Hong Kong authorities must offer sufficient protection to the environment and wildlife from risks posed by the giant technopole project.
- Tax commissioner says revenue is likely to rise by 12 per cent in 2024-25, after city scrapped property market curbs this year
- Stamp duty takings for last financial year drop 30 per cent, after falling by same amount in 2022-23
Some 800,000 trips made on Wednesday, below 1 million estimate, official data show.
Spokesman says service exports will be supported by further revival of inbound tourism and government efforts to promote mega-event economy.
Privacy commissioner Ada Chung says leak of 477 people’s personal information mainly due to Consumer Council’s failure to set up multi-step authentication for remote work.
Hong Kong Tourism Association’s Timothy Chui says some mainland Chinese visitors felt let down by event marking Labour Day ‘golden week’ break.
HKMA reiterated its warning for Hong Kong’s borrowers to “carefully assess” their financial power in considering buying property or taking on mortgages, as high interest rates “may last some time.”
The bank has ‘quite an active pipeline’ of loans based on such collateral owned by ultra-high-net-worth individuals, who are often asset-rich but liquidity-constrained, private banker says.
Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.
Industry figure Simon Wong says restaurants can expect a 10 per cent drop in business against last year’s figures.
Deputy Chief Secretary Warner Cheuk hints full roll-out of pay-as-you-throw scheme will not go ahead in August without public consensus.
Visitors head to Victoria Harbour to see pyrotechnics, but some say ‘budget-style’ display not as impressive as past shows.
At least five tourist groups, each with 30 to 40 people, take photos in front of popular red brick wall displaying name and crest of HKU between 11am and 12pm.
Scammers have published a fictitious article with the appearance of a South China Morning Post story and a reporter’s byline to promote two online financial trading apps.
‘There were two failed landing attempts … All the passengers on board the flight started to scream, while children were crying wildly,’ passenger recounts on social media.
Data from the Immigration Department shows about 295,800 people, including roughly 184,440 residents, had also left the city as of 9pm
Thirteen years after statutory minimum wage introduced, a new formula that bars any rate cuts in future has been approved.
The appetite of mainland Chinese firms for premium space was not enough to stem a steady increase in the vacancy rate as more office premises came online and overall demand shrank.
The number of Hongkongers with negative-equity loans stood at 32,073 in the first quarter of the year, tripling from the previous quarter and the most since some 40,000 cases were recorded in the first quarter of 2004.
Airport Authority chairman Jack So will hand over reins to the body’s CEO, Fred Lam.
Police and Department of Health mount joint operation in Yau Tsim Mong district, arresting trio, aged between 29 and 33, for alleged illegal sale of medicinal products.
Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey shows.
Traditional Chinese medicine practitioners to receive eight months of training on the mainland and another 16 months in Hong Kong as part of government scheme.
Concerns raised after two cinemas shut in about a week, with some residents flagging ‘wave of shop closures’ given empty stores on the streets.
Chief Executive John Lee says Individual Visit Scheme helps city target high-spending arrivals.
Executive Council also accepted a proposal to review the minimum wage annually, rather than once every two years.
Quinn said it was the ‘right time’ to look for a better work-life balance as the lender’s net profit slipped 1 per cent from a year ago to US$10.2 billion, surpassing the US$9.24 billion profit expected by analysts polled by Bloomberg.
Outstanding researchers in Beijing and Shanghai among those set to benefit from policies announced on Sunday by National Immigration Administration.
Hongkongers are less willing to buy homes amid price increases at new launches by developers, analysts said after Great Eagle Holdings announced a new higher price list for another 150 units at its Onmantin project on Monday.
