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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.
Cathay Pacific has been adjusting routes to redirect capacity after suspending services to and from Dubai and Riyadh, the SCMP has learned. Photo: Eugene Lee
Cathay Pacific

As Iran war closes Middle East skies, how high can Cathay Pacific fares fly?

Cathay fares to Hong Kong surge 93 per cent on average for Saturday departures compared with typical prices over past 12 months.

Hong Kong property

Hong Kong, Sydney or Dubai? Prime real estate investors take their pick

Hong Kong politics

‘Deliver more practical outcomes,’ Chinese vice-premier tells Hong Kong Legco

Hong Kong society

Angry at your boss? A Hong Kong business lets you rage against machines

Smashroom HK is part of global phenomenon that lets people channel their anger into smashing fridges, computers and other old electronics.

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Leung Ka-lok (left) and Alex Lau started the business in 2024. Photo: Sophie Li
Northern Metropolis

Editorial | Supercomputer hub brings Hong Kong and Shenzhen closer together

A planned supercomputing facility in the Northern Metropolis will help blend the strengths of Hong Kong and Shenzhen.

Hutchison’s Panama ports deal

CK Hutchison escalates legal action over Panama ports seizure

Hong Kong tycoon Li Ka-shing’s conglomerate accuses Panama authorities of ignoring requests for communication and keeping group in the dark.

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Two Sessions 2026

Chinese vice-premier stresses shared duty in Hong Kong’s executive-led governance

Ding Xuexiang calls the executive-led model vital for aligning the city with China’s five-year plan and national integration.

Chinese Vice-Premier Ding Xuexiang (centre) meets Hong Kong and Macau members of the Chinese People’s Political Consultative Conference on Friday. He is joined by CPPCC vice-chairmen and former chief executives Leung Chun-ying of Hong Kong (left) and Edmund Ho Hau-wah of Macau. Photo: Matthew Cheng
Middle East

‘More dim sum, more often’: Hongkongers cash in as war triggers gold rush

Amid conflict in the Middle East, the number of people buying gold bars and pellets in the city doubled last weekend, industry veteran says.

Two Sessions 2026

Editorial | Amid external uncertainties, China steers for growth and stability

Government work report pledges to continue doubling down on innovation and upgrading of manufacturing; Hong Kong featured prominently.

Education in Hong Kong

Tung Wah College to undergo review in April on bid to gain university status

College plans to adopt the name ‘Tung Wah University of Hong Kong’, president Professor Sally Chan says.

Tung Wah College is based in Ho Man Tin and was founded in 2010. Photo: Handout
Education in Hong Kong

Hong Kong Baptist University may issue bonds to finance development

University president says funds needed to support its Chinese medicine hospital and campus redevelopment.

Baptist University’s campus in Kowloon Tong is the smallest of the city’s public varsities. Photo: Nora Tam
Hong Kong politics

Beijing tasks Hong Kong with enhancing role as an international finance centre

City priorities in 15th five-year plan draft include development of a commodity trading ecosystem and deepening cross-border connections of financial markets.

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Hong Kong

Chinese Premier Li Qiang calls on Hong Kong to improve governance efficiency

Delivering work report at NPC opening session, Li also urges city to fully harness its unique advantages to act as bridge to world.

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Hong Kong

Hong Kong unveils incentives to attract gold refiners and boost global hub plan

Targeted measures, tax incentives and cross-border partnerships aim to bolster city’s role as a global gold trading and refining hub.

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With new incentives and a 2,000‑tonne storage target, Hong Kong is positioning itself as a trusted global vault and bullion trading centre. Photo: Edmond So
Hong Kong tourism

Editorial | ‘Symphony of Lights’ bowing out clears stage for new attractions

Ending the 22-year run of Hong Kong’s iconic light show underscores the city’s push to refresh its tourism appeal.

Hong Kong’s “Symphony of Lights” show at Victoria Harbour has been a fixture on its tourism calendar, but a new series of light shows will soon take its place. Photo: Sam Tsang
Hong Kong society

Relief, joy as first flight back from Dubai brings stranded Hongkongers home

Passengers happy to ‘finally be somewhere safe’ after conflict in Middle East closed airports.

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US, Israel war on Iran

Hong Kong tycoons say Middle East outlook remains promising despite conflict

New World scion Adrian Cheng highlights city’s status as safe haven for capital; K Wah’s Francis Lui says property and stocks holding firm.

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Middle East

Air freight costs for China shippers may jump 30% as Middle East airspace closes

China-Europe cargo flights face longer routes and higher fuel costs after Middle East airspace closures, the Hong Kong Association of Freight Forwarding & Logistics says.

The Hong Kong association said on Tuesday it was still evaluating the war’s impact on ocean freight. Photo: Elson Li
Mandatory Provident Fund (MPF)

More Hongkongers leave money in MPF pension plan amid market rally

Withdrawals by people leaving the city or retiring dropped last quarter, indicating expectations of greater gains, analysts say.

US, Israel war on Iran

10 exhibitors and Iranian buying mission miss Hong Kong jewellery fair amid war

While organiser reports only ‘small’ dip in participants, several Middle Eastern exhibitors say they are bracing for weaker sales.

Hong Kong healthcare and hospitals

Hong Kong launches 3-year action plan to help residents fight the flab

Proportion of Hongkongers who are obese or overweight has been rising in recent decades.

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There are many forms of exercise to help with weight loss, experts say. Photo: Eugene Lee
Retailing

Hong Kong’s retail sales rise 5.5% in January as tourists loosen purse strings

Census and Statistics Department says retail sales for January worth HK$37.3 billion, marking ninth straight month of growth since May 2025.

A shopping centre in Tsim Sha Tsui. Photo: Jelly Tse
Hong Kong

Beijing to roll out more measures for Hong Kong as John Lee praised for work

Central government will also make further arrangements in 15th five-year plan to support Hong Kong, National People’s Congress spokesman says.

Middle East

10% rise in costs expected as shipping giant halts Middle East bookings

Hong Kong sector representatives expect increase to be driven by rising fuel prices, longer voyages, war-risk charges and higher insurance costs.

Hong Kong property

McDonald’s sells Hong Kong shop outside disposal plan for US$11.9 million

Latest sale of Hong Kong restaurant site by the Chicago-based food chain reflects a retail valuation reset as rents stay subdued.

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McDonald’s Hong Kong announced that from January 1, the average salary increase for restaurant management groups will be 3 per cent. However, the company is also selling off restaurants across Hong Kong as the retail property sector remains under pressure. Photo: Sam Tsang
Iran

From oil spikes to power bills, how war on Iran will hit Hongkongers’ wallets

Residents may face higher energy and dining costs as analysts stress the city cannot remain immune to surging oil prices.

Analysts warn Hong Kong may feel the impact of rising oil prices amid the escalating conflict in the Middle East. Photo: Sam Tsang
Banking & finance

Editorial | Hong Kong is a beacon of stability for global talent and capital

In an increasingly uncertain world, Hong Kong, backed by the country, continues to be a safe place for investment and opportunities.

Hong Kong tourism

Hong Kong convention centre to host more medical, tech, finance, education events

Events linked to these four sectors will account for 43 per cent of activities held this year, venue’s managing director says.

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