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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.
A vacant shop on Jaffe Road, Causeway Bay, plastered with “for lease” signs last month. Photo: Karma Lo
Hong Kong property

Retail properties offloaded for losses in weak market amid revaluations

Hong Kong retail property prices have fallen by up to 70 per cent since 2018, says Centaline Commercial managing director.

Hong Kong

Northern Metropolis supply will not hit office sector, development chief says

Golden week

Mainland arrivals beat last year’s ‘golden week’ figures despite shorter holiday

Hong Kong property

Hong Kong banks grow cautious on One Stanley mortgages amid investigation

Banks are taking a cautious approach to mortgages related to the luxury Hong Kong development, which faces building defect allegations.

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The Buildings Department has launched a probe into the building quality at One Stanley in Hong Kong’s Southern district, after receiving a complaint from an owner that insufficient steel bars were used during construction. Photo: Elson Li
Hong Kong society

24 luxury houses at One Stanley sold amid probe into alleged construction defects

Experts call for stronger homebuyer protections in Hong Kong, including mandatory period during which purchase contracts can be rescinded.

Hong Kong

Hong Kong and Indonesia can deepen green finance ties, Jakarta envoy says

Special envoy Mari Elka Pangestu also says city’s common law expertise and financial services can support country’s push to attract family offices.

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Hong Kong

Hong Kong’s Wine and Dine Festival to feature extended hours, 10% more booths

Tourism board to roll out ‘Hong Kong Gourmet Month’ after four-day festival from October 29 to November 1.

The Hong Kong Wine and Dine Festival in late October will feature 10 per cent more booths this year. Photo: Nora Tam
Board chairman Peter Lam says this year’s festival will be held on a larger scale, with more than 340 booths. Photo: Silvia Siu
Mainland China

Hong Kong’s third-quarter GDP grows, but external risks persist: Paul Chan

Finance chief says economy supported by strong exports and tourism traffic, as lawmakers debate city’s five-year plan and policy address.

Hong Kong transport

Travellers must use authorised buses, taxis at Huanggang Port, authorities say

Residents must use licensed taxi fleets as other ride-hailing services will not be available inside boundary control area.

Mandatory Provident Fund (MPF)

Hong Kong MPF members have made HK$20,000 this year despite September loss

MPF members made gains of over HK$20,000 on average in the first nine months of 2026, despite losing HK$5,000 in September, report finds.

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A Hong Kong resident uses the eMPF app on a mobile phone, which helps users manage their savings via the Mandatory Provident Fund. Photo: Handout
West Kowloon Cultural District

Land sales offer only temporary relief for West Kowloon arts hub, experts warn

Property development cannot replace a sustainable long-term funding model for the West Kowloon Cultural District, experts say.

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Visitors pose for photos in front of the Hong Kong Palace Museum in the West Kowloon Cultural District. Photo: Silvia Siu
Hong Kong

Editorial | 3 years on, Hong Kong’s investment body has proved its worth

As HKIC helps the city show that ‘effective market’ and ‘capable government’ can coexist, it must also improve transparency.

Hong Kong culture

Broadway Cinematheque at 30: celebrating Hong Kong’s best art house cinema

Opened in 1996 in Yau Ma Tei, Broadway Cinematheque continues to defy the streaming era with independent classics and fresh local voices.

Hong Kong society

Registration on both sides of border needed for Huanggang ‘joint clearance’

Around 100,000 travellers a day are expected to use the revamped crossing when operations begin.

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The revamped Huanggang Port crossing is expected to open on October 12, according to a source. Photo: Edmond So
Singapore

Hong Kong remains world’s freest economy as Switzerland overtakes Singapore

Annual Economic Freedom of the World report compiled by Canada’s Fraser Institute ranks city first among 165 jurisdictions.

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Hong Kong lost the top spot for the first time in 2023, before reclaiming it in 2024 and retaining it in 2025. Photo: Dickson Lee
Hong Kong

West Kowloon arts hub deficit widens to HK$998 million as operating costs rise

‘We will have more revenue in the coming months such as from the upfront fees from the tender of the residential project,’ authority CEO Betty Fung says.

Sincere Co

Video | Sincere to close 126-year-old Central department store

Hong Kong’s oldest Chinese-owned department store looking for new venue after lease renewal fails.

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Hong Kong politics

John Lee urges public to tune in to Legco debate on city’s 5-year plan

Hong Kong legislature set to discuss concept and details of city’s first five-year blueprint and latest policy address from Wednesday to Friday.

Chief Executive John Lee says Legco will have an “in-depth” discussion on both blueprints from Wednesday to Friday. Photo: Karma Lo
Gold in Hong Kong

Opinion | Hong Kong’s bridge of gold completes China’s yuan ambition

With Shanghai pricing the contracts and Hong Kong handling offshore vaulting, Beijing is building a gold-backed route to currency internationalisation.

Hong Kong society

Experts urge wider One Stanley checks, tighter paperwork after steel bar issue

One house in luxury development reportedly found to have up to 75 per cent fewer steel bars than specified in the approved building plans.

Hong Kong housing

Abuse concerns over bid to turn subsidised Hong Kong flats into subdivided homes

Home Ownership Scheme flats are deemed a form of social welfare and should not be used for profiteering, lawmaker says.

The Home Ownership Scheme is a government-subsidised programme. Photo: Jelly Tse
Retailing

Sincere to close Central department store after 126 years as lease expires

Hong Kong’s oldest Chinese-owned department store seeks new premises after failing to renew lease, leaving just one location in Mong Kok.

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The Sincere branch on Des Voeux Rd Central. One of the sales assistants, who had worked at the location for 10 years, said: “It’s sad. We will miss the regular customers.” Photo: Kit Lai
United States

8 more firms from Belt and Road Initiative countries apply for IPOs in Hong Kong

Trade promotion chief Frederick Ma says interest in Hong Kong’s capital markets has surged in Central Asia since official delegation visited region in June.

Hong Kong science and tech

Hong Kong outlines 4-step AI talent plan to help graduates navigate job market

Permanent Secretary Kevin Choi says government aims to boost digital literacy at ‘population scale’, viewing AI as catalyst rather than threat.

Belt and Road Initiative

Letters | Tanzania could offer test of Hong Kong’s belt and road ambitions

Readers discuss the city’s role as a connector between capital and Belt and Road Initiative markets, the proliferation of online scams, and payment in renminbi.

Engineers from China and Tanzania at the construction site of a project to upgrade the Dar es Salaam Port in Tanzania in July 2020. Photo: Xinhua
Hong Kong housing

Is Hong Kong’s drive to eliminate substandard housing doing more harm than good?

Advocacy group warns that some subdivided flat tenants are struggling to resettle and are becoming worse off under the new housing regime.

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May has been given four months’ notice to move out after her landlord decided not to upgrade the property. Photo: Dickson Lee
Hong Kong society

Rigid goals not set in 5-year plan to allay fears of planned economy: Tse

Hong Kong constitutional affairs chief Janice Tse also says government exploring administrative measures to protect same-sex couples’ rights after bill veto.

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Hong Kong society

1,500 Hong Kong residents tour revamped Huanggang Port border crossing

Members of the public learn about public transport arrangements, immigration and customs clearance, and passenger-friendly facilities.

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