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Hong Kong Economy

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Illustration: Henry Wong
Hong Kong economy

Dream or reality: can Hong Kong deliver on its AI ambitions?

In the second of a two-part series on AI in Hong Kong, Oscar Liu reports on how society, from government and companies to institutions and individuals, is scrambling to embrace AI, as work itself gets redefined.

Hong Kong property

JPMorgan signs up as anchor tenant for SHKP’s West Kowloon office development

HKEX

HKEX unveils biggest listing reforms since 2018 to lure diverse innovative firms

Hong Kong economy

Exclusive | Hong Kong job openings hit 6-year low in 69% of sectors amid AI’s ascent

Vacancies in 23 out of 33 job sectors, including IT and customer service, fell to their lowest number in six years.

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Industries with fewer job openings were those heavily associated with the use of AI. Photo: Karma Lo
Industries with fewer job openings were those heavily associated with the use of AI. Photo: Karma Lo
Cathay Pacific

Swire sells part of Cathay stake for HK$1.8 billion to boost working capital

Group sold 153.05 million shares on Thursday at HK$11.74 each, but still holds 45.12 per cent of airline’s stock.

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Hong Kong economy

Is AI displacing young people for entry-level jobs?

In the first of a two-part series on AI in Hong Kong, Harvey Kong reports on the plight of young people worried about their future as firms use the tech for lower-level jobs and experts warn of a ‘broken talent chain’.

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Hong Kong stock market

Hong Kong sends ‘very strong message’ with insider-trading arrests

Joint operation by ICAC and SFC shows commitment to protecting city’s status as a fundraising hub, analysts say.

The logo of the Securities and Futures Commission (SFC) at the office in Quarry Bay. Photo: Yik Yeung-man
The logo of the Securities and Futures Commission (SFC) at the office in Quarry Bay. Photo: Yik Yeung-man
Hong Kong transport

More Hong Kong drivers head to mainland China to refuel as oil prices rise

Previously, residents were topping up their tanks once or twice a month, but they are now making weekly trips, automobile association says.

Banking & finance

Hong Kong export credit insurer keeps premiums low despite Middle East tensions

Agency says limited exposure to the Middle East has kept trade risks contained for most Hong Kong exporters.

Hong Kong transport

Hong Kong’s MTR Corp net profit falls 6.9% amid weaker mainland China revenue

Profit drops to HK$14.68 billion with rail giant citing lower mainland and overseas project contributions.

The MTR Corp has warned a substantial portion of its earnings will be allocated to asset maintenance, upgrades, replacements and the expansion of the city’s rail network. Photo: Jelly Tse
Hong Kong economy

Over 170 complaints filed after Mayday shifts Hong Kong show: Consumer Council

Watchdog says 80 complaints came from residents and rest from fans outside city, primarily mainland China.

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Taiwanese band Mayday performs at the Kai Tak Stadium in May 2025. Photo: Handout
Taiwanese band Mayday performs at the Kai Tak Stadium in May 2025. Photo: Handout
Hong Kong entertainment

Taiwan’s Mayday invites fans angered by axed Hong Kong show to free rehearsal

Concert scheduled for March 24 was cancelled and another show added on March 29, prompting wave of complaints.

Cathay Pacific

Cathay posts 9.5% rise in profit to HK$10.82 billion but warns of fuel surcharges

Cathay premium and cargo growth lifted results, but HK Express recorded deeper loss amid route expansion and engine issues.

Hong Kong economy

Hong Kong customs seizes more fuel-smuggling vehicles as Iran war lifts prices

Price gap between mainland China and Hong Kong, combined with rising fuel costs, creates economic incentive for criminals to take risk, customs says.

Hong Kong, which relies entirely on imported fuels, has seen inflated pump prices. Photo: Eugene Lee
Hong Kong economy

Hong Kong tycoon urges prudent approach to development amid global uncertainty

Far East Consortium chairman David Chiu says industry’s willingness to invest in the Northern Metropolis hinges on the health of the market.

A view of San Tin Technopole, located in the Northern Metropolis. Photo: May Tse
A view of San Tin Technopole, located in the Northern Metropolis. Photo: May Tse
Hong Kong entertainment

Sour note for fans after Taiwanese rock band Mayday switches Hong Kong date

Veteran rockers’ show originally scheduled for March 24 cancelled, with new concert added on March 29.

Hong Kong economy

Oil price surge may be passed on to Hong Kong consumers, industry chiefs warn

Government says it has contacted major oil companies to closely monitor the impact of international fuel prices on Hong Kong market.

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Hong Kong economy

Exclusive | Hong Kong tipped to be world’s top financial hub amid global yuan expansion plan

National People’s Congress deputy Li Yinquan says Hong Kong to gain substantially from Beijing’s push to internationalise yuan’s reach.

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Lunar New Year fireworks in Hong Kong. Photo: Sam Tsang
Lunar New Year fireworks in Hong Kong. Photo: Sam Tsang
Hong Kong economy

Hong Kong urged to extend stock trading hours to keep up with rivals

Competitors moving towards near 24-hour trading to capture liquidity, Our Hong Kong Foundation’s Kenny Shui tells SCMP forum.

Hong Kong economy

Proposed 33% rise in MPF payments ‘may pile on business pressure, hit jobs’

But labour sector lawmaker calls for bolder increases in maximum income level threshold to meet statutory requirements and reflect rising salaries.

Hong Kong economy

Hong Kong ‘more than China’s financial testing ground’, Paul Chan says

Finance chief says Hong Kong is driving country’s development, calls on city to ‘get empowered’ by AI.

Financial Secretary Paul Chan at the “Redefining Hong Kong 2026: Budget Edition” conference. Photo: Dickson Lee
Hong Kong transport

Surcharges considered as Hong Kong fuel prices set to rise amid Iran war

Sector representative says surcharges ‘a reluctant step’, adding many drivers have fixed daily commitments that must be met.

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Pump prices are expected to climb further this week amid rising Middle East tensions. Photo: Sam Tsang
Pump prices are expected to climb further this week amid rising Middle East tensions. Photo: Sam Tsang
Hong Kong politics

Agility and adaptability are in Hong Kong’s DNA, former leader CY Leung says

Geopolitical uncertainties will not hamper city’s ability to carry out its responsibilities to national development, he says.

Hong Kong economy

Exclusive | Fears over Exchange Fund discipline overblown: Hong Kong’s dollar peg architect

John Greenwood says drawing HK$150 billion from the fund is justified, calling the move a legitimate, long‑term investment.

Hong Kong economy

Hong Kong, Singapore square off in race to become world’s gold trading hub

Access to mainland’s robust market gives Hong Kong the edge over Southeast Asian rival, experts say.

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Experts say Hong Kong has edged ahead of Singapore in its ambition to be the world’s gold trading hub. Photo: Karma Lo
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