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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 is an attractive location for investors who prize political stability, according to the city’s treasury chief. Photo: Eugene Lee
Hong Kong

Middle East conflict could divert new capital to Hong Kong: treasury chief

Christopher Hui pledges to keep markets operating smoothly amid energy price shocks caused by US-Israel war against Iran.

Hong Kong society

Blackpink’s Jennie, Art Basel, Cj Hendry: top Hong Kong events to catch in March

Hong Kong environmental issues

Opinion | To stay competitive, Hong Kong must embrace nature-based solutions

Hong Kong transport

Glitches possible as new signalling system starts on Tsuen Wan line: MTR Corp

Train and platform screen doors not aligning properly at stations and automatic speed adjustments on sections of line are possible.

The Tsuen Wan line will start using the new system from the first train on Sunday morning. Photo: Jelly Tse
Cathay Pacific

Beijing first stop as Cathay launches global drive to hire 3,000 workers

Hong Kong carrier has openings for pilots, flight attendants and engineers as well as vacancies for digital positions.

Hong Kong society

Hong Kong to tighten moneylending rules to tackle debt collector harassment

Authorities will impose measures such as stricter borrowing caps and ban loan referees in August.

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Hong Kong transport

Hong Kong to boost direct flights, transfer capacity amid Middle East turmoil

Transport chief Mable Chan says authorities ‘seizing opportunity’ presented by aviation disruption to coordinate with local airlines.

A Cathay Pacific aircraft takes off at Hong Kong International Airport. Photo: Sam Tsang
Hong Kong property

Hong Kong buyers snap up most of 360 flats at 2 projects as confidence returns

Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand.

Two Sessions 2026

What are Hong Kong’s next best steps after ‘two sessions’ in Beijing?

Analysts and members of NPC and CPPCC lay out their suggestions for city’s next moves following key political meetings in capital.

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India

Opinion | Hong Kong can play vital part in boosting crucial Sino-India relations

India is a vibrant, emerging and complex power with much to offer the city and China as a whole.

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Illustration: Craig Stephens
Artificial intelligence

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.

Illustration: Henry Wong
Hong Kong

Editorial | Zero tolerance for insider trading central to Hong Kong’s financial future

Crackdown on wrongdoers a welcome sign of regulatory vigilance that is vital to the city’s role as an international finance hub.

Hong Kong healthcare and hospitals

Funding cuts trigger calls for help on jobs from Hong Kong’s physiotherapists

Hong Kong Physiotherapy Association alarmed by hiring freezes and job losses at NGOs despite rising demand for services.

Hong Kong property

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

The US investment bank is leasing 250,000 sq ft in Artist Square Towers, which will house its Kowloon operations from late 2028.

Construction continues on the Lyric Theatre Complex and the Artist Square Towers in the West Kowloon Cultural District as of February 13, 2026. Photo: Jelly Tse
Hong Kong transport

Hong Kong MTR Corp pay rise below expectations: union

Most non-managerial staff to get salary increases from 1.6 to 3.84 per cent for the 2026-27 financial year, firm says.

An MTR train at Tsuen Wan station. Photo: Jelly Tse
Hong Kong

More illegal refuelling complaints as Hong Kong grapples with rising oil prices

City receives 221 reports of illegal petrol stations in January and February, or more than four times 2025’s monthly average.

SCMP Exclusives

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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Hong Kong science and tech

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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Illustration: Henry Wong
China economy

Editorial | China’s ‘two sessions’ passes smoothly despite global turmoil

As long as China focuses on economic development, Hong Kong can leverage its unique strengths to seize opportunities.

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.

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Banking & finance

Hong Kong’s Wealth for Good Summit to highlight AI, robotics opportunities

Fourth edition of summit comes as Hong Kong pursues goal of attracting 220 additional family offices by 2028.

Robotics is among the Chinese industries creating new investment opportunities as global investors reassess their global asset allocations. Photo: NurPhoto via Getty Images
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 society

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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Mandatory Provident Fund (MPF)

Editorial | Raising MPF contribution levels tricky but necessary step for Hong Kong

Increasing the amount workers and employers contribute is likely warranted, but there is room for dialogue on how large the increase should be.

Hong Kong property

Hong Kong property could gain as Middle East turmoil reshapes global wealth

Prolonged conflict in the Gulf could shift investor sentiment, though clear evidence of new capital inflows has yet to emerge.

Analysts say Hong Kong remains attractive to overseas property investors. Photo: Eugene Lee
Crime in Hong Kong

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

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.

Hong Kong budget 2026-27

Editorial | Hong Kong has much to gain from aligning with China’s national plan

The bullish reading of Hong Kong’s significance and continued relevance to China’s national development is a confidence booster.

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