Hong Kong welcomed more than 1.6 million visitors during the recent Golden Week holiday, including over 1.4 million travelers from mainland China. The influx provided a significant boost to the city's tourism industry, supporting retail sales, shopping centres and hospitality businesses during one of the region's busiest travel periods.
Hong Kong IPO Market Records Strongest Activity Since 2020 as Technology Listings Surge
Hong Kong's initial public offering market has recorded its busiest period since 2020, with more than 118 companies listing and the number of listings rising 71% from a year earlier. Mainland Chinese artificial intelligence and technology companies have been major contributors to the increase, reinforcing Hong Kong's role as an international fundraising centre.
Hong Kong Named World's Freest Economy in Fraser Institute's Annual Ranking
Hong Kong has ranked first among 165 jurisdictions in the Fraser Institute's latest Economic Freedom of the World report. The assessment highlights the city's open trade policies, low taxation and institutional framework, including its legal system under the one country, two systems arrangement.
Hong Kong Attracts More Than 120 Strategic Companies Through Investment Recruitment Programme
Hong Kong's Office for Attracting Strategic Enterprises says it has secured commitments from more than 120 international technology and strategic industry companies to establish operations in the city. The recruitment drive aims to strengthen Hong Kong's innovation sector, attract investment and expand its digital economy.
Hong Kong Advances First Five-Year Development Plan for 2026–2030
Chief Executive John Lee's administration is moving ahead with measures under Hong Kong's first Five-Year Plan for Economic and Social Development, covering 2026 to 2030. The plan sets out longer-term priorities intended to strengthen economic growth, improve competitiveness and guide the city's future development.
Hong Kong Raises Minimum Monthly Wage for Foreign Domestic Workers by 2.35% to HK$5,220
Hong Kong's government has announced a 2.35% increase in the minimum allowable wage for foreign domestic workers, bringing the monthly rate to HK$5,220. The adjustment is intended to reflect changing economic conditions and basic living costs for workers employed in households across the city.
Hong Kong Airport Authority Advances Eleven Skies Redevelopment for 2028–2029 Launch
Airport Authority Hong Kong is progressing with redevelopment plans for the Eleven Skies complex as part of its wider Airport City and Skytopia strategy. The revamped entertainment and logistics destination is scheduled to launch in the 2028–2029 financial year, supporting efforts to strengthen Hong Kong's position as an international aviation hub.
Hong Kong Pledges to Manage Northern Metropolis Office Supply to Avoid Property Market Oversupply
Hong Kong's Development Bureau has reassured commercial property stakeholders that new office developments in the Northern Metropolis will be introduced gradually. Officials say the phased approach is intended to prevent excess office supply and maintain balanced conditions across the city's commercial property market.
Hong Kong Customs Seizes HK$2.55 Million in Drugs at International Airport, Arrests Two Passengers
Hong Kong customs officers have intercepted an alleged international drug smuggling operation at Hong Kong International Airport, seizing narcotics valued at approximately HK$2.55 million. Two passengers from mainland China were arrested in connection with the case as authorities continued efforts to combat cross-border trafficking.
Hong Kong Police College Marks 20th Anniversary With New International Academy and Degree Programme
The Hong Kong Police College has announced plans for an international training academy and a specialized bachelor's degree programme in partnership with a mainland Chinese university. The initiatives were unveiled during the college's 20th anniversary celebrations and aim to expand professional training and academic opportunities for law enforcement person