Hong Kong Business

Construction sites are monitored; authorities enforce safety regulations strictly.

Developers have regained their appetite for land acquisition and confidence in the residential market.

Private output dropped 18.1%, whilst public works rose 7.7%.

The decrease followed a 25-basis point downward adjustment in the US federal funds target.

AI electronics demand was cited by 53.2% of exporters as the key growth driver.

JLL expects vacancy rates to stay high in 2026 as closures outpace new take-up.

Funds raised surged 210% as A+H listings dominate issuance.

37% of Hong Kong leaders said they had paused major investment decisions, and a quarter have implemented hiring freezes.

Despite rising digital wallet use, Hong Kong consumers remain hesitant toward AI-driven retail.

Experts say Hong Kong must streamline permitting to stay competitive.

An instalment of $103.45m (A$20m) has already been paid by Generation Essentials Group to Far East Consortium.

Merchants can accept contactless payments using an iPhone XS or a later model.

The move follows plans to complete legislative amendments in 2026.