The Aporia
Tian, L. (2026, October 22). Hong Kong pay growth slows as Guangdong accelerates, survey finds. South China Morning Post. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3371789/hong-kong-pay-growth-slows-guangdong-accelerates-survey-finds
Tian, Lexi. “Hong Kong pay growth slows as Guangdong accelerates, survey finds.” South China Morning Post, 22 Oct. 2026, https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3371789/hong-kong-pay-growth-slows-guangdong-accelerates-survey-finds.
Tian, Lexi. “Hong Kong pay growth slows as Guangdong accelerates, survey finds.” South China Morning Post, October 22, 2026. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3371789/hong-kong-pay-growth-slows-guangdong-accelerates-survey-finds.
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The latest survey from Hong Kong Baptist University shows that pay growth in Hong Kong has slowed significantly, with average pay rises falling to 2.3% this year. In contrast, wage growth in Guangdong has climbed to 2%, outpacing Hong Kong. Starting salaries for university graduates in Hong Kong have remained flat at HK$19,500, bringing them closer to those of non-degree holders. Additionally, Hong Kong’s unemployment rate rose by 0.1 percentage point to 3.9% between July and September, the highest since November last year to January. This trend highlights growing economic disparities between Hong Kong and its neighboring province Guangdong, potentially affecting labor market dynamics in the Greater Bay Area.