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Hong Kong Economy

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Hong Kong housing
Hong Kong property
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Property investment
Grave sweepers form long queues at the Chai Wan bus terminal, waiting for buses to Chai Wan Cemetery on Friday. Photo: Nora Tam
Hong Kong economy

More than 430,000 residents return to Hong Kong as Ching Ming holiday ends

According to Immigration Department, over 550,000 people have entered city through various crossings as of 9pm.

Hong Kong tourism

Hong Kong to attract 170,000 visitors with Tourism Board’s 56 MICE events

Hong Kong economy

Hong Kong jewellers weigh reducing US exposure, relocating amid Trump’s tariffs

Hong Kong economy

US tariffs to have short-term impact on Hong Kong, finance chief Paul Chan says

Government will prepare for worst and take action to help businesses, finance minister vows, amid ‘heavy pressure’ on global economy.

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The finance minister has pledged that Hong Kong will continue to maintain its free port status. Photo: Jelly Tse
The finance minister has pledged that Hong Kong will continue to maintain its free port status. Photo: Jelly Tse
Hong Kong economy

Hong Kong should not join Beijing in imposing counter tariffs: experts

But lawmaker Jeffrey Lam proposes following Beijing’s lead with 34 per cent tariff on US imports as show of support.

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Hong Kong politics

Exclusive | CK Hutchison’s control of Panama ports ‘undermines’ sovereignty, lawyers say

‘Even if BlackRock finalises the purchase, our action continues,’ say Norman Castro and Julio Macias, who are challenging concession.

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Hong Kong economy

Hong Kong has no plans to hit back at US tariffs on Chinese goods: Paul Chan

Finance minister says city’s edge as free and open economy will remain unchanged even as Washington escalates trade war with sweeping tariffs.

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The expanded tariff on Chinese goods will also apply to Hong Kong. Photo: Jelly Tse
The expanded tariff on Chinese goods will also apply to Hong Kong. Photo: Jelly Tse
Hong Kong economy

Only 1 in 10 Hong Kong non-government workers enjoys flexible schedules: survey

One expert says ‘traditional belief’ persists over long hours and physical presence being ‘key indicators of dedication and productivity’.

Hong Kong economy

Number of deals involving non-local homebuyers in Hong Kong more than triples

Non-locals took part in 2,997 residential property deals in 2024-25, compared with 700 deals in 2023-24, official data shows.

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Hong Kong economy

Explainer | How will Hong Kong businesses brace for impact as US-China tariff war escalates?

The Post looks at sectors that will be affected most as exports worth billions face vastly higher duties.

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The US is Hong Kong’s second-largest export market, accounting for US$37.9 billion in merchandise in 2024. Photo: Jelly Tse
Hong Kong economy

Xia Baolong ‘concerned’ with Hong Kong’s tourism, as minister vows to do more

Rosanna Law pledges to make the most of local resources in response to call from Beijing’s point man on Hong Kong affairs for new offerings.

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Hong Kong tourism chief Rosanna Law (front row, third left) met Xia Baolong (front row, centre) in Beijing. Photo: Handout
Hong Kong tourism chief Rosanna Law (front row, third left) met Xia Baolong (front row, centre) in Beijing. Photo: Handout
Family offices

Exclusive | Hong Kong’s soon-to-open art-storage facility is an incentive for family offices

The complex at Skytopia airport city will be ready this year or early next year and enhance Hong Kong’s role as an art-trading centre.

Hong Kong economy

Hong Kong should use basketball gambling revenue to fund sports: think tank

Government already holding public consultation on regulation push, with NGO saying some earnings can be used to boost counselling for gambling addicts.

Banking & finance

‘China’s Goldman’ bets on Hong Kong’s role as offshore yuan hub

With low rates in China, borrowing in yuan is now cheaper than in other currencies, CICC says.

Commuters at the Central subway station in Hong Kong on 18 February 2025. Photo: Jonathan Wong
Hong Kong economy

More incentives needed to spur new ecotourism areas in Hong Kong: experts

Francis Lam, former president of the Institute of Surveyors, says the need for infrastructure significantly affects project’s financial viability.

The Development Bureau believes the Lamma Island quarry site is suitable for developing a high-end coastal and hillside resort, complemented by a world-class marina and low-rise luxury housing. Photo: Elson Li
The Development Bureau believes the Lamma Island quarry site is suitable for developing a high-end coastal and hillside resort, complemented by a world-class marina and low-rise luxury housing. Photo: Elson Li
Hong Kong economy

Japan issues megaquake warning, but many travellers from Hong Kong undeterred

Tour bookings remain steady while insurance executives urge travellers to secure coverage.

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Hong Kong economy

Hong Kong condemns US tariffs, duty-free parcel cancellation as ‘bullying’

Lawmaker Kennedy Wong also says most manufacturers in China will not absorb tariff hikes themselves.

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Hong Kong economy

Hong Kong to host Brazilian festival in June, 30,000 attendees expected

Samba dance, reggae drumming and ginga football among activities that will foster better understanding between two cultures, organiser says.

Performers at the press conference for the “Extravaganza! When Brazil Meets Hong Kong” festival to be held in the city this June. Photo: Nora Tam
Performers at the press conference for the “Extravaganza! When Brazil Meets Hong Kong” festival to be held in the city this June. Photo: Nora Tam
Hong Kong economy

Hong Kong may lose billions in tax revenue over smoking restrictions: lawmaker

Legislator Edward Leung argues tax earnings could be lost as smokers shift to illicit cigarettes, with no major reduction in smoking rate.

Hong Kong economy

‘Fitness King of Hong Kong’ Eddie Phillips dies of lung cancer aged 74

Daughter says co-founder of health and beauty chain Phillip Wain in Hong Kong, Southeast Asia, died on March 14 at his home in Australia.

Hong Kong economy

Exclusive | France’s Elior Group chief ‘confident’ about Hong Kong aircraft processing deal

CEO Daniel Derichebourg says company is in early stage of discussions with government but he is keen to set up ‘as soon as possible’.

(From left) Elior Group chief legal officer Thierry Thonnier, chairman and CEO Daniel Derichebourg and Elior Asia chief executive officer Janet Cheung during their recent interview with the Post. Photo: Eugene Lee
Hong Kong property

Exclusive | Hong Kong online broker rents shop in one of the world’s costliest retail strips

Futu could be paying HK$1.2 million (US$154,000) per month in rent, a steal compared to the HK$8.6 million in monthly rent that Burberry paid in 2018.

Renovation work at the venue of the former Transformers Ark restaurant on Russell Street, Causeway Bay on March 26, 2025. Photo: SCMP
Renovation work at the venue of the former Transformers Ark restaurant on Russell Street, Causeway Bay on March 26, 2025. Photo: SCMP
Hong Kong economy

Companies invited to develop 3 new tourism and recreation areas in Hong Kong

One government plan calls for turning disused quarry on Lamma Island into high-end coastal and hillside resort, complemented by yacht marina.

Hong Kong politics

No need to merge Hong Kong’s RTHK with government press department: minister

Commerce chief Algernon Yau rejects suggestion, says two bodies ‘have different requirements in the nature of work, skills and experience’.

Hong Kong economy

Hong Kong launches public consultation on legalisation of basketball betting

Government spokesman says month-long consultation will consider previous proposal by Jockey Club, but bets on local matches won’t be allowed.

The NBA’s betting page displayed on a phone at a Hong Kong Jockey Club betting branch in Kwun Tong. The club earlier said it hoped basketball betting would be legalised in the city by September. Photo: Edmond So
China Future Tech
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Big Tech

Microsoft shutters AI lab in Shanghai, continuing China retreat

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Microsoft has closed its research lab in Shanghai’s Zhangjiang hi-tech zone, and has already removed its logo from the entrance. Photo: Wency Chen

Tech Trends

DeepSeek unveils new AI reasoning method amid anticipation for R2 model

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DeepSeek has unveiled a new approach to improving reasoning AI models amid anticipation for the release of the follow-up to its popular R1 model. Photo: AFP

Markets

US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one

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US Treasury Secretary Scott Bessent. Photo: Reuters

China Economy

Deconstructing art: as China’s iconic Dafen village reels, AI takes orders

An artist paints a replica of Vincent van Gogh’s Sunflowers in a Dafen village alley. Many painters in Dafen, once known for churning out fakes, now sell original works. Photo: AFP

Big Tech

How Alibaba is transforming into a catalyst for China’s AI boom

Alibaba is showing itself as an enabler of AI innovations. Illustration: Henry Wong
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