Hongkongers made more than 1.4 million outbound trips over the Lunar New Year holiday, increasing by 20 per cent compared with 2019, while the number of arrivals over the same period remained lower than pre-pandemic levels. Immigration Department data released on Friday showed that from Lunar New Year’s Eve to the third day of the…
Hong Kong’s so-called headquarters economy, in which the city serves as a regional and global base for corporate headquarters, is spurring recovery in the commercial real estate sector as analysts forecast an improved investment environment this year. The city’s battered office market showed signs of stability in 2025, with 2.1 million sq ft (195,000 square…
Hong Kong’s retail sales rose 1 per cent last year after recording a 6.6 per cent year‑on‑year increase in December, with authorities saying that improving consumer sentiment and growth in visitor arrivals would continue to support the sector. Figures released by the Census and Statistics Department on Tuesday estimated that the value of December’s retail…
Hong Kong’s spending should not grow faster than its income, even though the city’s finances are improving, the financial secretary has said, added that the market expects the government to invest more to boost the economy. But Paul Chan Mo-po on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales…
Hong Kong’s retail recovery extended into November last year, with sales climbing 6.5 per cent year on year as authorities pointed to improving local consumption, macroeconomic stability and growth in visitor numbers. Official figures released on Friday placed November’s provisional estimate for retail sales value at HK$33.7 billion (US$4.3 billion), the third consecutive month of…
More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the country’s National Day “golden week” holiday, official data has shown, but a sector representative said tourists’ spending power remained weak despite the increased numbers. According to the latest figures from the Immigration Department, the number of inbound trips made by…
Hong Kong’s strong tourism rebound has driven a steady recovery in retail sales and the government will keep up the momentum with a packed calendar of mega-events in the coming months, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday the government would work with different sectors to attract more…
Hong Kong’s retail recovery accelerated in August with sales rising by 3.8 per cent year on year and for the fourth month in a row, as the city’s mega-event tourism drive has given a boost to consumer sentiment. Provisional figures released by the Census and Statistics Department on Thursday showed sales of HK$30.3 billion (US$3.9…
China’s stock markets have surged to their highest levels in a decade, but the rally risks creating a bubble while offering little support to the slowing economy, according to historical lessons, Nomura has warned. The Japanese investment bank cautioned that the rally may have even less impact on growth than the 2014-15 boom, which ended…
Net-a-Porter founder Dame Natalie Massenet is suing her ex over allegations he spent millions of dollars of her money while funding his “secret life” filled with drug use, prostitutes, and multiple affairs. Dame Natalie, 60, who founded the clothing website in 2000, filed the bombshell claim against 47-year-old Erik Torstensson while blaming him for the…