Breaking news and analysis on Hong Kong's economy and the companies that operate in the city, including macroeconomic indicators, the local government's finance and budget, retail sales, consumption,

employment and monetary policy.

‘City of Darkness’: A tour of the world’s most famous walled neighborhood
“City of Darkness” is an exhibition exploring the long gone Walled City of Kowloon in Hong Kong as photographed by Greg Girard and Ian Lambot. Lambot and Girard set about photographing the Walled City shortly before its demolition in 1994 due to a deep fascination with the site. Nearly 30 years on from the Walled City’s demolition, this project offers a unique insight into the remarkable community, home to an estimated 50,000 people at its peak, and by far the most densely populated neighborhood the world had ever known.
‘City of Darkness’: A tour of the world’s most famous walled neighborhood
What to do with Hong Kong’s lost generation
A good friend was waiting at a bus stop in Wanchai, Hong Kong the other day while crowds of people milled past on their way to lunch. Listening to the chatter around him, he made an interesting observation. All the older people were talking about the crazy rioters and how they had wreaked terrible and unnecessary destruction on public property in Hong Kong. In the cold light of day, the senseless devastation is reminiscent of a war zone. The younger commuters were chatting about the many videoed instances of dazed demonstrators lying on the ground being kicked in the head by a reinforced police boot and the government’s lack of support for Hong Kong people. It has been a battle between a ra
What to do with Hong Kong’s lost generation
Why is the HK$ pegged to the US$?
The Hong Kong dollar has fallen to 7.85 per US dollar, its weakest level in 35 years. It touched the lower limit of the range of its peg to the US dollar. The Hong Kong dollar was pegged at 7.8 per US dollar since October 1983, and in 2005 a trading band of 7.75 to 7.85 was introduced. The city’s de facto central bank, the Hong Kong Monetary Authority, said that it will intervene to support the currency only if Hong Kong’s banks request it. But why is the HKD pegged to the USD? Watch our video to find out.
Why is the HK$ pegged to the US$?
Hong Kong hotels don’t want to share with Airbnb
Safe to say, hoteliers in Hong Kong aren’t fans of the sharing economy. A leading hotel business group in the city has hit back at Airbnb, calling for harsh punishments to be levied on home-sharing hosts. The Federation of Hong Kong Hotel Owners, which represents 90% of hotels in the city, has called on the government to come down harder on “illegal rentals” conducted through Airbnb. The group’s executive director Michael Li Hon-shing said that hoteliers had each invested tens of millions in their businesses, and it was unfair to have to compete with Airbnb hosts.   “How is it different from robbery?” Li said at a press conference on Tuesday. “You might as well go for communism.” Hong Kong
Hong Kong hotels don’t want to share with Airbnb
Richest man in Hong Kong retires
Hong Kong's richest man is finally retiring. Li Ka-shing, aged 89, announced today that he is ready to hang up his hat. With an estimated net worth of $35.3 billion, Li is the 23rd richest man in the world. Nicknamed “Superman” for his business acumen, Li announced on Friday that he would step down as chairman and executive director of CK Hutchison Holdings. He named his elder son Victor Li as his successor. But he's going to stay on in an advisory role.   ​ A son of a schoolteacher, Li is a self-made man. In 1940, Li and his family fled to Hong Kong from their hometown of Chaozhou, also known as Teochew, to escape the second Sino-Japanese war. He was 12. Soon after, his father passed away
Richest man in Hong Kong retires