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Hong Kong economy

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The park’s indoor Kai Tak Arena will host a test event with two basketball games on Saturday. Photo: Eugene Lee
Hong Kong economy

Hong Kong economy

Kai Tak Sports Park gears up for 2 weekend drills as new minister vows smooth debut

Rosanna Law says a series of tests are needed to ensure all stakeholders are prepared with contingency plans.

Banking & finance

Hong Kong firms plan hiring sprees as economy perks up in 2025: survey

Hong Kong property

Amid 2025 headwinds, Hong Kong landlords cut rents for Five Guys, global tenants

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Hong Kong economy

Hong Kong economy

Should Hong Kong allow EV drivers to play films, other videos on main screen?

Observers urge government to clearly define rules for what can be displayed on monitors used by EV drivers, as legal amendment looms.

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A legal change could allow content unrelated to driving, such as videos, to be shown on the visual display unit in front of the driver’s seat. Photo: Shutterstock
A legal change could allow content unrelated to driving, such as videos, to be shown on the visual display unit in front of the driver’s seat. Photo: Shutterstock

Hong Kong economy

Hong Kong economy

Presale tickets for extra Coldplay concert in Hong Kong snapped up

Presale session gave fans who had earlier signed up on Coldplay.com an early chance to buy tickets for the April 8 show.

Hong Kong economy

Hong Kong economy

Hong Kong expo eyes 30% jump in attendance after return of multiple-entry visas

At least 1.3 million people to attend Hong Kong Brands and Products Expo, organiser says, with more mainland Chinese expected to visit.

Hong Kong economy

Hong Kong economy

How can Hong Kong tackle HK$100 billion deficit? Experts admit no easy answers

The 2024-25 financial year will be third in row for government to record deficit of least HK$100 billion.

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Business leader Allan Zeman has urged the government to improve efficiency within the “huge civil service” with the help of technology, which could reduce the demand for manpower. Photo: Edmond So

Hong Kong economy

Hong Kong economy

Hong Kong’s Water World lost HK$200 million last year: Ocean Park chairman

Lawmaker Michael Tien grills chairman Paulo Pong over deficit, calling for government to take over management of Water World facility.

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The tourism minister has rejected calls for authorities to take over the management of Ocean Park’s Water World. Photo: Sam Tsang
The tourism minister has rejected calls for authorities to take over the management of Ocean Park’s Water World. Photo: Sam Tsang

Hong Kong economy

Cathay Pacific

Hong Kong’s Cathay to fly to Munich, relaunch Brussels service next year

Flag carrier ‘excited’ to be adding new Munich service, as it takes number of European destinations to 11.

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Business

Hong Kong property

Hong Kong property deals hit 7-month high, but December slowdown looms

Some 7,689 real estate transactions worth US$8.2 billion were completed last month, according to the Land Registry.

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Arts & Culture

Art

Exclusive | Hong Kong art photography fair cancelled months before its debut

Photofairs Hong Kong, slated for March 2025, scrapped by UK-based organiser because of unspecified ‘logistical constraints’.

Visitors attend the 2018 edition of Photofairs Shanghai, the city where the photographic art fair began in 2014 and where it will again be held in 2025. Plans for a Hong Kong edition of the fair in 2025 have been scrapped. Photo: Handout

Hong Kong economy

Hong Kong economy

Itacho Sushi closes last Hong Kong branch months after founder’s death

Chain founder Ricky Cheng died in April after years-long battle with pancreatic cancer.

Itacho Sushi has closed its last Hong Kong branch. Photo: Jelly Tse.
Itacho Sushi has closed its last Hong Kong branch. Photo: Jelly Tse.

Politics

John Lee

Hong Kong to be cautious while tapping income sources to cut deficit: John Lee

Chief executive also says economic outlook bright with Beijing’s backing and local push to expand presence in new overseas markets.

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Hong Kong economy

Hong Kong economy

Should Hong Kong raise taxes and cut costs to rein in HK$100 billion deficit?

‘End of the tunnel’ not yet in sight, says one commentator, as warnings issued over structural reliance on land sales.

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Hong Kong economy

Hong Kong transport

Hong Kong’s South Island line extension to adopt smart and green mass transit system

Government opts to abandon heavy rail system for project that will form a loop connecting Wong Chuk Hang station and HKU station.

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Passengers board a South Island line train at Admiralty station. Photo: Dickson Lee

Hong Kong economy

Hong Kong’s pandas

Hong Kong pandas An An, Ke Ke meet the press ahead of Sunday’s unveiling

Two bears gifted by Beijing to welcome visitors on Sunday at new home in Ocean Park’s Hong Kong Jockey Club Sichuan Treasures area.

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An An meets members of the press on Monday morning. Photo: Eugene Lee
An An meets members of the press on Monday morning. Photo: Eugene Lee

Hong Kong economy

Hong Kong economy

Hong Kong doubles deficit forecast to HK$100 billion for 2024-25

Finance chief says soft property market has hit government coffers hard, with income ‘far lower than expected’.

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Banking & Finance

Banking & finance

Exclusive | French bank Credit Agricole CIB backs Hong Kong as Asian hub amid trade war

Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.

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Hong Kong economy

Hong Kong economy

Hong Kong welcomes million visitors from the Philippines this year

Visitor arrivals rose by 37 per cent in first 10 months of year compared with same period in 2023, reaching 36.7 million.

A poll by the Tourism Board found visitors from Southeast Asia typically stayed for 3.4 nights, spending about HK$7,100 per person. Photo: Jelly Tse

Hong Kong economy

Hong Kong economy

Shenzhen residents rush to secure multiple-entry visas to Hong Kong on first day

While finance chief expresses optimism over support scheme will bring to economy, others doubt any boost will happen soon.

At the self-service centres, Shenzhen residents were seen spending around 10 to 15 minutes processing the visas via a machine. Photo: May Tse
At the self-service centres, Shenzhen residents were seen spending around 10 to 15 minutes processing the visas via a machine. Photo: May Tse

Hong Kong economy

Hong Kong economy

Hong Kong tightens criteria for mega-events fund to boost tourism, bring growth

Mega ACE Fund review follows controversy over funding of football friendly that Lionel Messi sat out and HK$7.8 million Chubby Hearts installation.

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Hong Kong economy

Hong Kong tourism

Parallel trading ‘unlikely’ under revived Shenzhen visa scheme: Hong Kong minister

Central authorities earlier announced multiple-entry visa scheme for Shenzhen residents would return on Sunday after policy was axed in 2015.

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Hong Kong economy

Hong Kong economy

Hong Kong developers say profits come first after Beijing’s North Metropolis call

‘One country, two systems’ guarantees that no top-down instruction will be placed on developers to discharge their social responsibilities, industry representative says.

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The Northern Metropolis will be developed on land close to Hong Kong’s border with Shenzhen. Photo: Winson Wong
OPINION
Cui Jianchun

Opinion | Hong Kong must cement its national security foundations to prosper

Cui Jianchun
12
Alice Wu

Opinion | Appeals to business leaders’ patriotism aren’t what Hong Kong needs

Alice Wu
6
Cheah Cheng Hye

Opinion | Why Hong Kong’s stock market must continue to look north

Cheah Cheng Hye
Bernard Chan

Opinion | Beijing’s message to Hong Kong’s business community is clear and simple

Bernard Chan
4
Devin Lin

Opinion | How Hong Kong can prepare top talent arrivals for success

Devin Lin
Patrick Lau

Opinion | How IP can unlock new horizons for Hong Kong’s small businesses

Patrick Lau
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