TOPIC

Hong Kong economy

A real estate agent at his shop in Yau Ma Tei on 20 July 2024. Photo: Xiaomei Chen

Housing rents may soar this year amid Hong Kong’s property gloom

The gap between renting and buying will cause the rate of return of housing property to soar, especially when interest rates start falling with the widely expected first cut by the US Federal Reserve likely in September.

Housing rents may increase by 8 per cent this year, said Midland Realty

2 hours ago

Editorial | Still some way to go as Hong Kong tourism recovers

4 hours ago

Explainer | Hong Kong civil service jobs: how to apply and do they still draw graduates?

27 Jul 2024 - 1:17AM

Hong Kong leader John Lee set to make third Asean trip in 2 years

High-level delegation will include officials, lawmakers, business chamber heads and representatives from various sectors.

26 Jul 2024 - 10:20PM

The 10-member Association of Southeast Asian Nations accounted for nearly 13 per cent of Hong Kong’s external merchandise trade last year. Photo: Reuters

Hong Kong retailers set to take hit from Taobao’s free apparel-shipping service

No delivery charges for purchases adding up to 99 yuan (HK$107) or more, with service beginning on August 1 and also covering Macau and Taiwan.

26 Jul 2024 - 9:53PM

Doraemon on board: Hong Kong’s high-speed rail gets manga makeover

Themed carriages featuring beloved Japanese cartoon character set for service on cross-border rail, with MTR Corp hoping for tourism boost.

26 Jul 2024 - 6:55PM

Hong Kong Palace Museum to raise admission prices by 16.7% next month

Second ticket price increase in around year to help ‘enhance the sustainability of operations’ of museum in cash-strapped arts hub.

26 Jul 2024 - 10:54PM

Prices for admission to the current special thematic exhibitions as well as the unlimited annual entry passes will remain unchanged. Photo: May Tse

Hong Kong Ani-Com 2024: fans revel in manga mania as 5-day fair opens to public

Fans flock to Convention and Exhibition Centre, with hit films such as Deadpool and Wolverine set to add to buzz.

26 Jul 2024 - 1:12PM

Hong Kong names Eddie Yue to second term as HKMA chief executive

Eddie Yue Wai-man has been appointed for a second five-year term as the chief executive of the Hong Kong Monetary Authority, the city’s de facto central bank.

26 Jul 2024 - 1:22PMvideocam

Hong Kong and Peru conclude talks on free-trade pact, finance minister says

Deal, which would be ninth such pact Hong Kong has in place, also covers investment and intellectual property.

25 Jul 2024 - 11:54PM

The Peruvian capital of Lima. Peru was Hong Kong’s fifth-largest trading partner in Latin America last year. Photo: Shutterstock

Explainer | What consumers can expect from Hong Kong’s summer shopping festivals

Hong Kong Shopping Festival is city’s first attempt to promote local brands on mainland Chinese e-commerce, social media platforms.

25 Jul 2024 - 9:43PM

Visitors at the Third Hong Kong Brands and Products Shopping Festival at AsiaWorld-Expo on Lantau. Photo: Yik Yeung-man

Grocery chain 759 Store freezes investments, reviews lease deals after losses

Hong Kong grocery chain 759 Store is freezing major investment plans and reviewing tenancy agreements after it booked an annual net loss of HK$29.8 million

25 Jul 2024 - 12:56PM

‘Give Hong Kong developers more incentives to join subsidised housing scheme’

Experts also urge authorities to restore market confidence following failed first land bid under Private Subsidised Sale Flat Pilot Scheme.

25 Jul 2024 - 7:25PM

Opinion | How Hong Kong’s AI data guidelines can help firms embrace the future

The model framework can help companies adopting AI stay compliant with regulations, manage risks and save costs.

25 Jul 2024 - 9:30AM

For AI to be a positive game-changer for Hong Kong, safety is an essential consideration. Photo: Shutterstock

Can Hong Kong try to copy Silicon Valley’s ways to create more technopreneurs?

Tech start-up veterans underline missing elements for Hong Kong off the back of finance chief Paul Chan’s visit to US.

25 Jul 2024 - 12:45PM

Hong Kong green groups call for more details on proposed eco-recreation area

Government plan to draw more tourists to South Lantau will threaten buffalo and dolphins while bringing little economic benefit, they say.

25 Jul 2024 - 12:54AM

Hong Kong government rejects bid in tender for private sector to build subsidised flats

Lands Department rejects bid as tendered premium did not meet reserve price on Chai Wan site, the first of three under pilot scheme.

24 Jul 2024 - 9:21PM

Hong Kong to tap into mainland China’s spending power with shopping festivals

Events aimed at helping local companies understand how mainland consumers are using live streaming, instant retail and social commerce.

24 Jul 2024 - 10:21PM

Consumers shop in Causeway Bay. The finance chief has noted e-shopping accounted for only 8 per cent of retail sales in Hong Kong last year, compared with the mainland’s 28 per cent. Photo: Sam Tsang

Luxury brands in China take hit on low consumer confidence as economy slows

Asia sales of Louis Vuitton owner LVMH fell 13 per cent in the first half, while Chow Tai Fook’s plummeted 20 per cent in the second quarter.

24 Jul 2024 - 5:00PM

China, Hong Kong pools of ultra-rich shrink, Asia’s wealth engine cools: Altrata

The number of ultra-wealthy individuals in China fell for the second straight year in 2023 as a sluggish economy and a deepening real-estate downturn took their toll.

24 Jul 2024 - 8:52PM

HK Express and Greater Bay Airlines in battle of bargains with HK$10, HK$20 fares

War of discount tickets erupts as carriers go head-to-head on summer holiday sales for second consecutive day.

24 Jul 2024 - 6:54PM

Visitors to the websites of HK Express and Greater Bay Airlines were met with online queues in the first hour of the latest sales. Photo: Handout

Letters | The new bill against abuse is the deterrent Hong Kong children need

Readers discuss whether the Mandatory Reporting of Child Abuse Bill is excessive, driving culture, and why Switzerland and Singapore have nothing on Hong Kong.

24 Jul 2024 - 11:30AM

A view of primary school pupils in Quarry Bay in 2022. Photo: Nora Tam

Liu Ma Kee tofu debacle: what products can claim the ‘Made in Hong Kong’ label?

Company’s closure after scandal over its product’s origin casts spotlight on difference between ‘produced in Hong Kong’ and ‘Made in Hong Kong’.

24 Jul 2024 - 7:16PMvideocam

Only 1 of 4 Hong Kong fermented tofu makers goes on record to say product all local

Post approaches decades-old fermented tofu brands after 119-year-old Liu Ma Kee brought down over production process controversy.

23 Jul 2024 - 10:08PMvideocam

Hong Kong Book Fair draws 1 million visits, average spending rises 4.6%

Organiser says event turnout boosted by large number of mainland visitors, while some exhibitors lament sales drop of 5 per cent to 15 per cent.

23 Jul 2024 - 10:15PM

Bookworms flocked to the fair on Tuesday for a final chance to pick up a bargain. Photo: Jonathan Wong

Hong Kong’s MTR Corp to offer free buses, deploy 1,000 staff for July 28 works

Trains will not stop at Prince Edward, Mong Kok, Yau Ma Tei and Ho Man Tin stations on Kwun Tong line as firm carries out unprecedented upgrades.

23 Jul 2024 - 4:42PM

The MTR Corp says the upgrade must be conducted during the day as the work is much larger than regular repairs and maintenance. Photo: Xiaomei Chen

Hong Kong’s Greater Bay Airlines sells out of HK$20 promotional fares to Bangkok

Ticket prices do not include fuel charges and relevant taxes, with passengers required to travel on dates between August 18 and December 18.

24 Jul 2024 - 1:41PM

Hong Kong real estate experts say private sector should play bigger housing role

Real estate consultant says government should increase proportion of private homes in housing supply as economy improves.

23 Jul 2024 - 10:33AM

Help preserve 120 years of quality journalism.

SUPPORT NOW

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.