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Hong Kong’s airport has reported a 16.8 per cent decline in net profit to HK$2 billion (US$255.16 million) for the 2025-26 financial year, with the management citing a significant rise in expenses driven by the third runway’s operating costs and last year’s aircraft salvage operation. In its annual report released on Wednesday, the operator of Hong Kong International Airport (HKIA) said revenue grew 11 per cent year on year to HK$18 billion for the period ending March 31. Passenger throughput, [...]

When Hong Kong launched its latest Connect programme on July 7, most of the attention focused on gold. That misses the bigger story. Delivery Connect, part of the city’s new gold clearing and settlement system, is not simply another financial initiative but the latest evidence that Beijing has settled on a distinctive model for opening up China’s financial markets. Rather than embracing wholesale financial liberalisation, China is steadily integrating with global markets through carefully [...]

Hong Kong authorities have pledged to fast-track renovation, equipment installation and testing at an upgraded border checkpoint as the legislature prepares to approve the Huanggang Port bill this week, pending an opening date. Secretary for Security Chris Tang Ping-keung said the Huanggang Port Hong Kong Port Area Bill, which provides the legal basis for implementing a co-location arrangement at the border crossing, must be approved by July 31 to allow the city to exercise jurisdiction once the [...]

Hongkongers buying insurance for their pets have been urged to carefully examine third-party liability terms and pay special attention to coverage related to disputes and animals with a history of aggression. The Consumer Council issued the warning on Wednesday, less than a week after more than 900 restaurants became legally allowed to welcome dogs on their premises as part of a government scheme. The council noted in a report that 19 of 24 pet insurance plans reviewed included third-party [...]

The Hong Kong Observatory issued an amber rainstorm warning at 10.05am on Wednesday and urged residents to take precautions such as staying away from watercourses. The forecaster warned that widespread heavy rain could affect Hong Kong in a couple of hours and that intense gusts could continue to affect the city. It told residents to stay vigilant during the adverse weather. “This means that heavy rain has fallen or is expected to fall generally over Hong Kong, exceeding 30mm in an hour, and is [...]