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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.
The World Lantern Boulevard at Victoria Park is popular. Photo: Dickson Lee
Nanjing artists have created an eight-metre-tall lantern inspired by the city’s banyan trees. Photo: Dickson Lee
The Hong Kong Tourism Board is stagingits first-ever International Lantern Spectacular at Victoria Park Photo: Nora Tam
Hong Kong society

From moongazing to bus tours: how to celebrate Mid-Autumn Festival in Hong Kong

Here’s a round-up of things to do and see for the Mid-Autumn Festival, which falls on Friday this year.

Hong Kong tourism

Hong Kong to welcome 1.29 million mainland Chinese visitors for National Day break

Mainland China

Northern Metropolis data hub to start phased operations in mid-2027: CLP Power

Hong Kong society

Opinion | Hong Kong needs social science to help deliver on its 5-year plan

Universities and academics can contribute the evidence needed to turn these commitments into better decisions.

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Workers remove belongings from a demolition site in Kwu Tung on June 17 to make way for developments under the the Northern Metropolis plan. Urban policy research can bring future and existing residents’ expectations into planning and identify problems while there is still time to change course. Photo: AFP
Banking & finance

Will Hong Kong property market benefit as online financial firms get physical?

Online brokerages and digital banks are opening branches across city after a sharp drop in shop rents in prime locations.

Yuan

Digital yuan push quickens as Ant International spurs instant cross-border flows

The Shanghai-to-Hong Kong settlements worth hundreds of millions of yuan bypassed traditional channels and could accelerate Beijing’s broader yuan strategy.

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Hong Kong

Hong Kong workforce to shrink by 20,000 yearly as key sectors face shortages

Predicted 2028 shortfall will narrow to 130,000, but key sectors such as aviation, tech, healthcare and construction still face crunch.

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Workers in Central navigate a busy street during the lunchtime rush. The report projects that Hong Kong’s workforce will decline from 3.47 million in 2025 to 3.4 million in 2028. Photo: Karma Lo
European Union

Hong Kong on way to securing green fuel supply to safeguard aviation hub status

Policy chief notes city to consider sustainable aviation fuel mandate, saying clear targets are needed to draw investment and build supply.

Mainland China

Foreign chambers back Hong Kong 5-year plan, urge progress on Northern Metropolis

Focus on city’s role in helping mainland Chinese businesses go global is attractive to foreign investors, chamber heads say.

Hong Kong property

The View | Why a hawkish US Fed won’t derail Hong Kong’s property recovery

Higher interest rates may dampen momentum, but solid demand, improving sentiment and effective policy execution will prove more decisive.

People walk past a real estate agency in Telford Plaza, Kowloon Bay, Hong Kong on August 16. Photo: Karma Lo
Hong Kong property

Once the world’s most-visited city, Hong Kong now converts hotels to dorm rooms

As the city positions itself as a global education hub, hotels are being converted into premises for student occupation.

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A view of Victoria Harbour with Central Plaza and the Hong Kong Convention and Exhibition Centre in Wan Chai in the background. Photo: Dickson Lee
Hong Kong transport

Over 11,000 sign up for Hong Kong taxi, ride-hailing test, beating expectations

Transport minister says response has exceeded expectations, adds that authorities to arrange for applicants to take test within two months.

IPO

China’s tech IPOs weigh Hong Kong vs the mainland. But how much does it matter?

Firms weigh benefits of international reach against higher domestic valuations, but the dual-track dynamic is just the start, and it all aligns with Beijing’s goals.

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Asean

Hong Kong secures expanded equal treatment and investment guarantees across Asean

Hong Kong authorities say signing of the protocol will bring legal certainty, enhance the investment environment and boost investment flows.

(From left) Undersecretary for Commerce and Economic Development Bernard Chan, Philippine Trade Secretary Cristina Roque, and Thai Deputy Prime Minister Suphajee Suthumpun display the signed protocol in Manila. Photo: ISD
Hong Kong property

How the new Huanggang Port is sparking a cross-border property boom

The new port is expected to dramatically speed up crossings between Shenzhen and Hong Kong, making cross-border living more convenient.

The vast Joint Inspection Building at the new Huanggang Port in Shenzhen, which is expected to speed up border crossing times. Photo: Edmond So
John Lee policy address 2026

Hong Kong’s first 5-year plan to give firms more long-term certainty: Paul Chan

Finance chief says blueprint’s targets and timelines will help businesses align investment decisions with government goals.

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Kazakhstan

Reporter’s notebook: Kazakhstan trip shows promise, limits of Central Asia ties

It will soon be possible to fly direct from Hong Kong to Almaty, but in the meantime a little flexibility is required.

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Hong Kong

Hong Kong hopes to begin Victoria Park Tennis Centre redevelopment by 2030

Sports chief Rosanna Law says feasibility studies for redevelopment under way, but completion date depends on final design, scale and securing funding.

Hong Kong plans to redevelop Victoria Park Tennis Centre into an all-weather, multi-purpose venue for higher-tier tournaments and concerts. Photo: Karma Lo
Greater Bay Area

Hong Kong to open waters to Guangdong yachts under southbound scheme from October

Transport chief Mable Chan says scheme expected to boost cross-border leisure spending and support Hong Kong’s yacht economy.

John Lee policy address 2026

Hong Kong leader says firms must strive to survive despite government support

Chief Executive John Lee defends policy address, saying government aid can help but businesses must also adapt in competitive market.

Hong Kong

Opinion | More than ever, Hong Kong’s global character is an asset to the nation

The city can bridge China and the world, adding value to every connection, but to deliver on this promise, it needs everyone on board.

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Illustration: Henry Wong
Artificial intelligence

Hong Kong to recruit AI chief by mid-2027, with confidence in local talent pool

Post will pay up to HK$278,200 per month, authorities reveal, adding they also understand public concerns over bolstering cybercrime laws.

A visitor to the LEAP East tech event at the Hong Kong Convention and Exhibition Centre in Wan Chai in July. In his policy address, city leader John Lee said the AI commissioner would oversee seven key areas of risk governance. Photo: Sam Tsang
John Lee policy address 2026

John Lee keeps Hong Kong talent target unchanged despite 300,000 arrivals

City leader also says professionals arriving under Top Talent Pass Scheme could add about 1.2 per cent to local GDP each year.

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Hong Kong transport

Authorities aim to launch revamped Huanggang Port on October 12

Start date will meet government’s fourth-quarter target, with travellers able to clear Hong Kong and mainland immigration under joint system.

John Lee policy address 2026

The story begins …

Chief Executive John Lee Ka-chiu’s final policy address for his current term lays out five major development opportunities and 25 key livelihood measures, from targets for Northern Metropolis to family friendly policies.

John Lee policy address 2026

Hong Kong’s new chapter

The city’s first five-year plan includes 22 key performance indicators tied to the local economy, innovation and residents’ living standards.

Hong Kong’s first 5-year plan

Opinion | Experimentation drives the Northern Metropolis – just as it did Shenzhen

As the flagship project of Hong Kong’s five-year plan, the cross-border hub is built to function as a sandbox – a special zone for bold policy and economic innovation.

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John Lee policy address 2026

The story begins …

Chief Executive John Lee Ka-chiu’s final policy address for his current term lays out five major development opportunities and 25 key livelihood measures, from targets for Northern Metropolis to family friendly policies.

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