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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.
(From left) British Chamber of Commerce's Paul McComb, Australian Chamber of Commerce's Mary Simpson, and European Chamber of Commerce's Johannes Hack. Photo: Jonathan Wong
European Chamber of Commerce Chairman Johannes Hack. Photo: Jonathan Wong
John Lee delivers the policy address in the Legco chamber. Photo: Karma Lo
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

Hong Kong property

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

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.

Hong Kong recently passed legislation to regulate local ride-hailing services, capping the total number of vehicle permits at 10,000. Photo: Jelly Tse
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.

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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.

A proposed southbound yacht scheme is expected to boost cross-border leisure spending and support Hong Kong’s yacht economy. Photo: Elson Li
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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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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Pedestrians cross a road in Central. More than 300,000 people have arrived in Hong Kong through the city’s talent schemes, Chief Executive John Lee says. Photo: Jelly Tse
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.

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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.

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

100 start-ups joining Hong Kong flagship tech hub to get top mentors

Hong Kong-Shenzhen Innovation and Technology Park submits proposed list of sector-specific firms to access cross-border data flows in pilot.

Vincent Ma says seamless data flows, along with the movement of capital, materials and personnel, are key to the park’s development. Photo: Silvia Siu
Education in Hong Kong

Self-funded campuses favoured in Hong Kong’s new university towns

Education chief Christine Choi says institutions may seek government loans to build campuses, but those that do not will be given priority.

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John Lee policy address 2026

Hong Kong eyeing gold expansion and Northern Metropolis vaults to cement hub status

Finance chief says HKMA playing greater role in gold market will enrich city’s financial ecosystem and that Hong Kong not considering interest rate rise.

Hong Kong

Hong Kong will lack 130,000 workers by 2028, fewer than projected due to policies

Shortage mitigated by AI development and talent import policies, labour chief says, as top talent visa renewal to be relaxed for tech founders.

Labour chief Chris Sun says the shortage of workers Hong Kong has been mitigated by the government’s talent import policies. Photo: Karma Lo
Hong Kong property

Hong Kong property market gets reprieve on rates, for now

Major banks hold rates steady despite Fed action, but some sellers and buyers are already anticipating increases later, agents say.

A woman walks past a real estate agency office displaying advertisements for residential listings in Telford Plaza, Kowloon Bay, on August 16, 2026. Photo: Karma Lo
Banking & finance

How will Hong Kong’s new 5-year plan court global capital?

Expanded investment products and stronger mainland-market links aim to deepen Hong Kong’s wealth-management edge and lure more international investors.

Hong Kong tourism

Hong Kong targets 240 air destinations by 2030, eyeing new Uzbekistan routes

Cathay also reveals passenger numbers, including those handled by HK Express, reached monthly record of more than 3.6 million in August.

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