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BUSINESS3h agoHong Kong seeks to balance finance growth against cyber risksChinese Vice-Premier He Lifeng said that building Hong Kong “remains a key strategy for China” as he outlined four ways for the city to boost its long-term prospects and support the country’s development. The city should strengthen its role as a centre for international finance and the offshore yuan market, promote high-quality economic and social development, support technological innovation and align with China’s 15th five-year plan, he said in a video address to the Global Financial Leaders’...South China Morning Post
BUSINESS3h agoHong Kong records 15th straight quarter of growth as GDP rises 5.2%Hong Kong’s economy grew by 5.2 per cent year on year in the third quarter, marking its 15th consecutive quarter of expansion, while retail sales rose by 6.4 per cent in September. For the first three quarters combined, the economy expanded by 5.1 per cent, its fastest growth for the period in five years, advance estimates released by the Census and Statistics Department on Tuesday showed. This compared with increases of 4.2 per cent in the second quarter and 5.9 per cent in the first. On a...South China Morning Post
BUSINESS4h agoVice-Premier He Lifeng vows support for Hong Kong as international financial centreBeijing says it will introduce extra measures, as needed, to bolster Hong Kong as an international financial centre, with Vice-Premier He Lifeng pledging continued support in a speech on Tuesday. Delivering a keynote speech at the opening of the 2026 Global Financial Leaders’ Investment Summit in Hong Kong via video link, He said finance was the most important leg of the city’s “four centres and one highland” agenda and stressed that using the advantages of the “one country, two systems”...South China Morning Post
BUSINESS4h agoSingle check-in for those flying through Hong Kong from mainland China under new schemeTravellers flying from Hangzhou or Wuhan to overseas destinations via Hong Kong on different airlines can have their baggage checked through to the final destination under a newly launched service that aims to streamline connections between mainland Chinese cities and other countries. Under the new one-stop service that launched on Tuesday, travellers departing from Hangzhou Xiaoshan International Airport or Wuhan Tianhe International Airport will not need to check in their baggage again when...South China Morning Post
BUSINESS8h agoTokenised gold bar to advance Hong Kong’s ambitions as digital, metal trading hubHong Kong’s plan to start an interbank tokenised gold transaction project marks a crucial step in its quest to make itself a key global hub for the precious metal, according to analysts. The city planned to launch a gold token representing a standard 400-ounce gold bar, referencing HAU, Hong Kong’s ticker for gold prices launched earlier this year, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu during the annual Fintech Week event on Monday. He said the effort...South China Morning Post
BUSINESS11h agoHong Kong’s malls must evolve into green sanctuaries to stay relevantRetail is making a comeback in Hong Kong. Deloitte China reported an encouraging HK$203 billion (US$25.9 billion) in sales volume in the first half of 2026, beating expectations. Accordingly, they forecast the retail market to reach HK$412 billion by the end of this year. A retail revival should directly translate into reduced vacancies for the city’s bricks-and-mortar stores. However, while high street vacancies dropped to 9.1 per cent, the lowest since 2020, vacancies in prime shopping centres...South China Morning Post