Hong Kong has ranked as the second-most globally competitive economy – its best performance in seven years – climbing one spot from last year to place behind Singapore. The ranking, released by the Switzerland-based International Institute for Management Development (IMD) on Thursday, put the city ahead of 68 other economies out of 70 surveyed. Hong…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s weather will remain unstable in the coming days before turning bright on Friday for the Dragon Boat Festival and into the weekend, according to the Observatory. The forecaster said that under the…
An Introduction to Doing Business in Hong Kong 2026-27, the latest publication from China Briefing and Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store. Hong Kong is the premier hub and gateway for businesses to trade with, invest in, and access the wider China and Asia…
Hong Kong developer Lai Sun Development, chaired by businessman Peter Lam Kin-ngok, who also chairs the city’s Tourism Board, has launched an exchange offer for its outstanding US$493 million worth of 5 per cent guaranteed notes due July 2026, in an effort to relieve short-term liquidity pressures, the company said Monday in a filing to…
The Hong Kong government has launched a public consultation on the city’s first five-year development plan, a blueprint aimed at aligning with China’s newly approved 15th five-year plan. Officials have promised a “macroscopic, strategic and forward-looking” road map that will guide Hong Kong’s economic and social development for the rest of this decade. That invitation…
I seldom, if ever, assume people in general do a particular thing, unless, of course, I do it too. But if it is a criminal act, then I assume in general that nobody would do it. There is a peculiarity, it seems, with taking office supplies home, like a pen, or a soda, or a…
A leading green group has urged Hong Kong to align with coming national standards on excessive packaging, warning that the city generated at least 2.7 million kg (5.9 million lbs) of waste from e-commerce parcels last year. The call coincided with an online survey by non-profit group The Green Earth, which found that 60 per…
The Hong Kong Chartered Governance Institute’s flagship annual conference addressed upcoming regulatory changes and the expanding scope of governance amidst rapid technological change. It provided attendees with actionable insights, equipping them to navigate the complexities of today’s business environment with confidence. HONG KONG, June 18, 2026 /PRNewswire/ — The Hong Kong Chartered Governance Institute (HKCGI)…
Hong Kong has been hit by more heavy downpours, with flooding risks persisting, but the Observatory expects conditions to improve during the Tuen Ng Festival. The Hong Kong Observatory cancelled an amber rainstorm warning at 9.25am on Thursday after it was issued following more than 30mm (1.2 inches) of rain within an hour. In Sai…
MTR Corporation has announced that Hong Kong’s high-speed rail network will expand to 113 direct destinations from 1 July, following the addition of three new stations. The new destinations — Guangzhoubei, Yiwu and Fuqingxi — will be added after coordination with mainland railway authorities, extending the reach of the High Speed Rail (Hong Kong Section)…