The Aporia
Hoi-ying, L. (2026, October 28). Hongkong Post reports record HK$905 million deficit in ninth year of losses. South China Morning Post. https://www.scmp.com/news/hong-kong/society/article/3372405/hongkong-post-reports-record-hk905-million-deficit-ninth-year-losses
Hoi-ying, Lo. “Hongkong Post reports record HK$905 million deficit in ninth year of losses.” South China Morning Post, 28 Oct. 2026, https://www.scmp.com/news/hong-kong/society/article/3372405/hongkong-post-reports-record-hk905-million-deficit-ninth-year-losses.
Hoi-ying, Lo. “Hongkong Post reports record HK$905 million deficit in ninth year of losses.” South China Morning Post, October 28, 2026. https://www.scmp.com/news/hong-kong/society/article/3372405/hongkong-post-reports-record-hk905-million-deficit-ninth-year-losses.
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Hongkong Post reported a record-breaking HK$905 million (US$115 million) deficit for the fiscal year 2025-26, marking its ninth consecutive annual loss. The government-owned postal service cited declining mail volume and challenges like protectionism and rising operating costs as major contributors to the deficit. Despite these setbacks, Postmaster General Donald Ng Man-kit highlighted the company's resilience and adaptability in a volatile economic environment. Mail volume has dropped by one-third over the past five years, with Hongkong Post now focusing on e-commerce to counteract declining traditional mail services.