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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’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 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 society

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

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US, Israel war on Iran

Hong Kong tycoons say Middle East outlook remains promising despite conflict

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.

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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.

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.

Cargo ships docked at Kwai Chung Container Terminal. Photo: Elson Li
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.

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.

Visitors attend the 19th Asian Financial Forum at the Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: Eugene Lee
Hong Kong politics

Focus on development and cherish stability, Xia Baolong urges Hong Kong

Hong Kong and Macau Affairs Office director meets local delegates ahead of annual political gatherings in capital.

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The core message of the meeting was for delegates to “unite together and work together”, an attendee said. Photo: Handout
Hong Kong property

Can HKIC fix Hong Kong’s 15 million square-foot office vacancy problem?

Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery.

Middle East

Middle East conflict to drive up airfares for Hong Kong travellers: analysts

Suspension of major transit hubs in Dubai and Doha sends travellers scrambling for flights on ‘conflict-free’ paths to Europe.

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Mainland China

Mainland Chinese firm to build HK$23.8 billion Hong Kong supercomputing hub

Range Intelligent Computing Technology to commence operations in 42 months, with a cumulative investment of HK$23.8 billion over the first three years.

The Sandy Ridge Data Facility Cluster site is situated in the Northern Metropolis. Photo: Dickson Lee
Secretary for Labour and Welfare (HK)

Middle East tensions highlight Hong Kong’s stability, opportunities: minister

Chris Sun also reveals over 270,000 non-locals settled in Hong Kong as of January 31, with 40 per cent admitted through Top Talent Pass Scheme.

Middle East

Hong Kong exporters and exhibitors face fallout from US-Israel strikes on Iran

Traders grapple with surging oil and freight costs, while flight disruptions compound challenges for Middle East exhibitors in the city.

Hong Kong

Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years

Number of applicants surges in second year, with most of the deployed capital going into authorised funds, equities and debt securities.

More than 1,700 investors have completed their commitments and received formal approval from the Immigration Department. Photo: Jelly Tse
Hong Kong budget 2026-27

Legal framework for Northern Metropolis to be tabled at Legco on March 24

Latest budget is seeking HK$30 billion in initial capital for development of Hetao Hong Kong Park, San Tin Technopole and Shui Kiu Industry Park.

The Northern Metropolis is a megaproject located in the northern New Territories. Photo: Eugene Lee
Hong Kong budget 2026-27

Robots, jets and yachts: Hong Kong aims for new fairs to woo big spenders

Commerce chief says push in response to HK$100 million budgeted to ‘attract large international exhibitions with new elements to Hong Kong’.

Hong Kong property

China Resources subsidiary acquires Hong Kong hotel for student housing project

CR Longdation buys Kwai Chung hotel for US$122 million and plans 900-bed facility as non-local student numbers continue to rise.

US, Israel war on Iran

Hong Kong government ‘prepared’ for volatility after Iran attacks: Paul Chan

Finance chief says authorities will manage financial risks and impacts on trade, while noting that capital may flow to ‘safe haven’ of Hong Kong.

A crowded pedestrian crossing in Hong Kong’s central business district. Photo: Jelly Tse
Hong Kong transport

35 Hong Kong to Mideast flights disrupted, with more expected after attack on Iran

Passengers already packing Hong Kong airport to inquire about suspended departures to Riyadh, Doha and Qatar from day before.

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Passengers affected by disruptions to Cathay Pacific flights to Riyadh and Dubai queue to make inquiries at the airline’s check-in counters at Hong Kong International Airport on Saturday. Photo: Dickson Lee
Hong Kong environmental issues

Editorial | Hong Kong wants ecotourism, not overtourism

After incidents of overcrowding at beach campsites during recent holidays, it is encouraging that the authorities are considering a booking system and fees.

Hong Kong tourism

Scam-hit Cambodia tries to woo Hong Kong but travel agencies have doubts

Tourism board chief says addressing visitors’ safety concerns is a priority, adding that government is ‘determined’ to get rid of scam compounds.

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