Hong Kong Free Press Annual Report 2024-5: Our achievements, best coverage, & accounts from the past year
Hong Kong Free Press

Dear readers and supporters,
Ideas that HKFP could avoid some of the pressures faced by the rest of Hong Kongâs independent media sector were dashed in 2024. Threats and harassment, official scrutiny from multiple government departments, pressure on our corporate partners, and false complaints to the authorities marked a bumpy year for our newsroom. We nevertheless battled our way through unscathed, reporting all cases of intimidation to the police and emerging with a strengthened determination to continue our work.
For the rest of Hong Kong, 2024 was equally eventful. It saw the passage of a new security law, a protest song banned and the departure of five foreign judges from the top court, whilst editors from the now-defunct Stand News were jailed for sedition. Meanwhile, 45 democrats were jailed over a democratic primary, the Journalist Association chair was fired from the Wall Street Journal, Apple Daily founder Jimmy Lai took the stand in court, and the city recorded the hottest year on record.
Our team reported on every beat, with a bumper year for award nominations. HKFP was shortlisted for an International Press Institute Free Media Pioneer award and a Reporters Without Border Press Freedom Prize. We also won a prize for photography, for courage and impact, and we were nominated for a prestigious SOPA in regional reporting.
Having previously bolstered our Ethics Code and gained several credibility hallmarks, we aim to join the Journalism Trust Initiative in 2025, as part of our commitment to original reporting, accuracy, inclusion, and fairness. We will also enrol with Reporters Shield to insure us against any frivolous legal suits.
There will also be challenges ahead, as we mark 10 years of HKFP this June. With a HK$1.7m deficit predicted for 2024, we will need to reduce costs and increase our income. We will therefore launch half a dozen new benefits for our valued HKFP Patrons, in order to safeguard our team and output.
Despite the bumpy ride, HKFP still has breathing room to report freely on any local, hard news story. We remain dedicated to Hong Kong, as we are still able to speak to sources on the ground and exercise privileges lost in mainland China: bearing witness in court and at the legislature, and asking tough, direct questions of officials.
I am happy to present our Annual Report, as we round-up our best coverage, achievements, and accounts from the past 12 months â all made possible by our monthly donors. The price of a weekly coffee will help us keep the lights on and return to sustainability over the coming year. And for those of you who are already HKFP Patrons, thank you for your kind support, and for helping keep independent media alive in Hong Kong.

Mission and impact:
Founded in 2015, Hong Kong Free Press is an impartial, non-profit, award-winning English-language newspaper. Run by journalists, backed by readers and completely independent, HKFP is governed by a public code of ethics.


The Best of HKFP 2024:
Original reporting: Hong Kong Free Press began 2024 not in its home city, but in Taipei, as voters headed to the polls to elect Taiwanâs next leader. We spoke to young voters about their concerns, and Hongkongers who had moved there in the wake of the 2019 protests and were casting their ballots for the first time.Â
Ahead of Lai-Ching-teâs presidential inauguration, we sat down with Taiwanâs outgoing foreign minister Joseph Wu, pro-Beijing figures, and academics to discuss the democratic islandâs uncertain future, and later looked back at the Sunflower Movement 10 years after students stormed the legislature to protest economic rapprochement with China.Â
Most of our reporting, however, remained focused on issues that impacted Hongkongers. Mental health remained a major concern, as we explored the ways that mental health professionals and educators were seeking to stem an alarming rise in student suicides. When a man suffering from schizophrenia was shot dead by police at his home, his family told HKFP they could not understand why officers had been so quick to resort to firearms.Â
In an effort to gauge public opinion about major political developments â such as the legislation of a new security law, Donald Trumpâs re-election as US president, and the opening of an exhibition dedicated to national security â we hit the streets to ask Hongkongers for their opinions.Â
We also spoke to social workers â whose field was the subject of a major government overhaul â about the lack of resistance to, or even discussion about, the changes within the sector. The silence was a sign of the times in todayâs Hong Kong, they said, but uncharacteristic of the historically outspoken industry.Â
A chill fell across the cityâs arts sector, too, after venue cancellations and the axing of a major awards ceremony left drama groups wondering where the red lines lay. We were also there for the final day of Mount Zero, a much-loved independent book store that closed its doors in March after being repeatedly inspected by government departments after receiving alleged anonymous complaints.Â
Independent publishers told us that a shortage of local writers, both experienced and up-and-coming, posed a challenge to Hong Kongâs literary scene. Zine makers, though, discussed creating a queer community even as a quietness pervaded traditionally LGBTQ spaces. Advocates behind long-running LGBTQ NGOs told us that a lack of funding was squeezing their ability to operate, as once-accessible government coffers were closed.Â
Amid Israelâs war in Gaza, we examined how Hongkongers who wanted to express solidarity with Palestinians had found solace in small-scale community organising.Â

We explored how changes in Hong Kongâs economic outlook had impacted its service industry, with restaurant owners from across the city weighing in on why business had been so slow to recover since Covid-related curbs were lifted. One suggested that it may have more to do with a post-national security law exodus than simply altered spending habits as Hongkongers headed to mainland China for weekends and holidays. Â
In another reversal of fortunes, we followed cross-border âshopping agentsâ taking advantage of cheap goods in Shenzhen for resale in Hong Kong, and accompanied young Chinese music fans on a screamo pilgrimage to an underground Hong Kong rock club.
We also spoke to Chinese parents who had enlisted as migrant workers under government schemes designed to plug shortages in low-skilled labour sectors so they can live in the same city as their Hong Kong-born children.Â
And in a year that saw journalists and 45 prominent democracy advocates jailed, we spoke to a group of elderly courtgoers sympathetic to the pro-democracy cause who are committed to witnessing cases related to the 2019 protests and national security.Â
We heard from women who had been victims of âhiddenâ sexual violence on Hong Kongâs streets, who shared how speaking about their experiences with others had helped them find solace and a sense of empowerment. Meanwhile, hopeful mothers who had suffered repeated miscarriages discussed how they went in search of more information after being dissatisfied with simply being told to try again by their doctors.Â
Development and redevelopment have been high on the governmentâs agenda, but neither is without impact. We documented residentsâ recollections of Tai Hang Sai Estate before they were evicted ahead of construction work, and spent time with fish farmers whose livelihoods are likely to disappear when their ponds are filled in to make way for a controversial technology hub.Â
Also facing radical redevelopment is Hong Kongâs historic flower market. Residents told us they were worried that plans to build high-rise buildings would uproot the community, while florists feared about the brunt the construction work would have on their business.Â
We sought to explore issues pertinent to the cityâs migrant domestic workers, speaking to several whose mental health had suffered as a result of financial and work pressures, and subpar living conditions. We also heard from domestic workers who had been targeted by unlicensed online money lenders, and trapped in a subsequent cycle of debt.Â

After the former employer of a domestic worker was sentenced to seven years in jail after being found guilty of raping her, she shared her story with us, expressing gratitude for the cityâs justice system even as experts decried the misogyny inherent to rape hearings.Â
Increasingly, domestic workers are looking beyond Hong Kong for opportunities they hope will be better paid, with Poland a popular destination. Many, though, have struggled to find their feet after arriving.Â
Responding to official requests to âtell a good Hong Kong story,â HKFP reached out to government departments in the hope of producing image-led features about their work, only to be stonewalled by almost every department.Â
However, we were able to report some feel-good stories in 2024, including features about farmers returning lost rice varieties to the land, a running club largely made up of current and former street sleepers, a cafe that employs people who have been diagnosed with learning disabilities, and a Hongkonger who has treated almost 200 strangers to dinner.
Explanatory reporting: We continued our monthly explainers on the impact of Beijingâs national security law on the city, and looked in-depth at the Safeguarding National Security Ordinance, better known as Article 23, as it was fast-tracked through the opposition-free legislature, exploring how the 2024 law differed from one put forth in 2002. After it passed into law, we examined the new legislation, and produced a timeline of its passage, and six months after it was enacted we took a look at those who had been targeted.Â
Several of our explainers stemmed from court rulings, including the appeal that saw protest anthem Glory to Hong Kong banned, exploring why judges had reached that ruling. We also explored judgments handed down in landmark cases such as the one involving Stand News and its top editors, asking why the independent media outlet had been ruled a âtoolâ used to smear Beijing.Â
When 14 pro-democracy figures were found guilty of conspiring to commit subversion, we looked at the judgesâ reasons for reaching that verdict. And when they were among 45 jailed for the charge, we checked out who they were. Â
After several foreign judges announced their departure from Hong Kongâs top court, we explored what their function was, and when three men were arrested in the UK on spying charges, we looked at their links to the cityâs trade mission in London.Â

As 2024 marked a decade since the Umbrella Movement, we asked where its leaders were now, while also exploring the role of the embattled Hong Kong Journalists Association after it faced criticism from the Hong Kong security chief. Amid a string of people being denied entry to Hong Kong, we examined who has been barred from the city, and sought to answer the often-asked question: Why is TikTok banned in Hong Kong?Â
With environmental issues increasingly in the news, particularly after the government scrapped a long-debated waste tax designed to reduce the amount of rubbish sent to landfills, we looked at the size of Hong Kongâs waste problem. And as 2024 officially became the cityâs hottest ever, we explored how much Hong Kong has heated up since records began.Â
Interviews: In 2024, we spoke to Hong Kong filmmakers Chan Cheuk-sze and Kathy Wong fresh off the back of their Golden Horse Awards win about how the cityâs once colourful political scene had taken on a muted and monotone hue in recent years. Additionally, Oscar-nominated director S. Leo Chiang shared his perspective on Taiwanâs complex geopolitical position and cultural identity and how Hong Kong had become a cautionary tale for Taiwanese.Â
Innocent Mutanga, who fled political persecution in Zimbabwe, told us about his journey of adaptation as he fought for, and gained, asylum in Hong Kong, where he now runs an NGO with the goal of ârebranding blacknessâ in Asia, fostering exchanges between different ethnic groups, and promoting dignity and self-love within the cityâs African community.Â
We also spent time with writer Saâdiyya Nesar, who has sought to reframe how people understand disability through her storytelling. Creativity was also central to our four-part series of interviews with zine artists and archivists: Sam Chao, Charis Poon, Kaitlin Chan, and Forrest Lau. Â

Beekeeper and co-founder of conservation group Beetales Harry Wong spoke to us about his efforts to rehabilitate bees and their reputation, while conservationist and researcher Astrid Andersson discussed the cityâs introduced population of critically endangered yellow-crested cockatoos â where they came from, how they survive in the urban jungle, and the threats the species now face.Â
Andersson was one of several guests on our HKFP Yum Cha podcast series. Others included neon artist Chankalun, photographer Xyza Cruz Bacani, and social impact storytellers Hong Kong Shifts.
Outgoing European Union envoy to the city Thomas Gnocchi also shared his thoughts on Hong Kong ahead of his departure, saying he believed that authoritiesâ focus on national security raised questions about the long-term attractiveness of the city as a hub for international business.Â
HKFP Scoops: June 2024 marked the fifth anniversary of the beginning of months-long protests and unrest sparked by an amendment to Hong Kongâs extradition bill. The impact of those demonstrations was still being felt by many who participated, and we spoke exclusively to two Hongkongers whose bank accounts had been inexplicably cancelled while they were detained over their involvement in the protests.Â
In another exclusive, we heard from two protesters jailed for rioting in a shopping mall in July 2019, who were years later ordered to pay up to HK$1.7 million in damages to cover the injury-related costs of two police officers.Â
We also revealed that Beijing had told Hong Kong-based consular officials they needed to seek approval from Chinese authorities 10 days in advance of business trips to the Greater Bay Area â including Macau and cities in Guangdong â a development one consulate employee said raised concerns.
To investigate four Hong Kong-registered firmsâ links to illegal deforestation of the Amazon rainforest, we partnered with independent non-profit organisation RepĂłrter Brasil, and discovered that if major meat import markets such as China and Hong Kong were to restrict trade to slaughterhouses with more transparent supply chains, it could have a major impact on the sustainability of the Brazilian meat sector.
Awards
HKFP enjoyed a record year for awards and prize nominations in 2024.

In June, photojournalist Kyle Lam won a Hong Kong Press Photographers Association prize for his shot of a refuse collection point in Kwai Chung, where cleaners had displayed art retrieved from bins.
In May, HKFP was shortlisted for the International Press Instituteâs 2024 Free Media Pioneer Award. The prize showcases the âpower and resilience of the free press,â according to the 73-year-old global press freedom organisation, which has consultative status at the UN, UNESCO and the Council of Europe.
Also in May, HKFPâs explanatory reporting on the 2023 District Council âpatriots onlyâ election was nominated for a prestigious press award by The Society of Publishers in Asia.
In June, HKFP founder Tom Grundy was honoured at the East-West Centerâs International Media Conference in Manila as a Journalist of Courage and Impact. And in December, HKFP was nominated for a Reporters Without Borders Impact Prize at their annual Press Freedom Awards.
Help safeguard press freedom & keep HKFP free for all readers by supporting our team
Year | Award | Title | Prize |
---|---|---|---|
2016 | Human Rights Press Awards: University English language writing | Sexual harassment at Hong Kongâs universities â rarely reported, but not rare | Merit |
2019 | Human Rights Press Awards: Student Video & Audio (English) | âI am prepared to be imprisonedâ â Chinese human rights lawyer Lin Qilei | Winner |
2020 | Index on Censorshipâs 2020 Freedom of Expression Award | Hong Kong Free Press | Finalist |
2020 | SOPA: Excellence in Photography (Regional) | Shots of the 2019 Hong Kong protest movement | Finalist |
2020 | SOPA: Excellence in Explanatory Reporting (Regional) | Hong Kongâs new methodology of protest, explained | Honourable mention |
2021 | Nobel Peace Prize | Hong Kong Free Press | Nominated |
2021 | SOPA: Excellence in Opinion Writing (Regional) | Hong Kongâs protest movement in perspective | Honourable mention |
2023 | SOPA: Excellence in Opinion Writing (Regional) | Press Freedom Day: As long as there are journalists in Hong Kong, there will be journalism | Honourable mention |
2023 | Human Rights Press Awards: Single Image | Rolling up âAsiaâs World Cityâ | Merit |
2024 | International Press Institute Free Media Pioneer award | Hong Kong Free Press | Finalist |
2024 | Hong Kong Press Photographers Association feature category | Refuse collection point art at Kwai Chung Estate | Winner |
2024 | SOPA: Excellence in Explanatory Reporting (Regional) | Explanatory reporting on the 2023 District Council âpatriots onlyâ election | Nominated |
2024 | East-West Center Journalists of Courage & Impact | Hong Kong Free Press founder Tom Grundy | Winner |
2024 | Reporters Without Borders Press Freedom Prize | Hong Kong Free Press | Nominated |
Ethics at HKFP
Hong Kong Free Press is proud to have gained the Trust Project hallmark following a rigorous, months long vetting process. The global transparency standard proves a news outletâs commitment to original reporting, accuracy, inclusion, and fairness.
HKFP has publicly disclosed and expanded its ethical policies, standards, reporting and corrections guidelines to adhere to the eight Trust Indicators. The move, in 2023, sought to improve media literacy and battle âfake news,â misinformation and online propaganda.
First adopted in March 2020, our newly revamped guidelines lay out HKFPâs mission, our priorities, our expectations for staff conduct and impartiality, as well as how we deal with issues such as AI, advertising, anonymity, balance, security, sourcing and issues of race, religion, sexual orientation, disability and identity.
We joined around 300 newsrooms across the world displaying the Trust Mark symbol, including the BBC, Washington Post, Sky News, CTV and the Economist.

Our Policies, Ethics and Best Practices guidelines are living document. In an ever-changing city, with the space for press freedom and trust in media in decline, we will continue to evolve â and disclose â our professional practices and guiding principles.
The 9 Trust Project Indicators:
1. Best Practices â who is behind the news?
If a journalistâs organization has rules they must follow to make sure their reporting is independent, accurate and honest, then their news will be more trustworthy.
2. Journalist Expertise â who made this?
We are rarely there to see events in the news for ourselves, so we rely on the journalist. They should follow strict standards for gathering solid evidence and multiple perspectives.
3. Labels â news, opinion, or what?
Itâs important to know whether your news is impartial or deliberately biased. Stories should be clearly labelled if they are designed to persuade us to agree. If itâs journalism, then itâs meant to help us develop our own opinions.
4. References â what are the sources?
When a journalist is developing a news story, they may use information from eye witnesses, documents and other places â called sources. When a journalist shows their sources, we can check their reliability for ourselves.
5. Methods â why was it built?
If we know why a journalist chose a particular story and how they reported it, itâs easier to interpret it. A journalistâs methods help us know how fast-moving, well-researched or impartial the story may be.
6. Locally sourced â do they know you and your community?
If a journalist knows and lives in the community, they can explain an event or issue more sensitively and accurately. If not, they can improve their reporting by going there and speaking to others who have local and community knowledge.
7. Diverse voices â who is in the news, who is missing?
If certain voices or experiences are missing from the news, we donât get the full picture. Look for voices less commonly heard in society, often because of race, class, generation, gender, sexual orientation, ideology or the region they live in.
8. Actionable feedback â does this news site listen to me?
By inviting and listening to public feedback, journalists can make sure their work is accurate and complete. The public also might help them find important news they had overlooked.
Help safeguard press freedom & keep HKFP free for all readers by supporting our team

An Ethics Code, fact-checking procedures and a corrections policy govern HKFPâs impartial, 100% independent reporting. In 2022, we again scored full marks in News Guardâs credibility assessment, meeting all 9 criteria.

HKFP is a member of the International Press Institute â a 73-year-old global organisation dedicated to the protection of press freedom and improvement of journalistic practices.

HKFP is also part of the Society of Publishers in Asia. SOPA was founded in 1982 to âchampion freedom of the press, promote excellence in journalism and endorse best practices for publishersâŚâ

Ad Fontes Media rated HKFP above SCMP with high scores in terms of reliability and political bias following their 2024 assessment.
Impact & Positioning
Trusted worldwide: HKFPâs reporting has been cited by numerous intâl outlets.

No paywall: We will always ensure our news remains accessible & free of charge.

Hong Kongâs 2024 media landscape:

Staff & Structure
Tom Grundy
Tom founded Hong Kong Free Press in 2015 as the cityâs first crowdfunded newspaper. He has a BA in Communications and New Media from Leeds University and an MA in Journalism from the University of Hong Kong. He previously founded an NGO advocating for domestic worker rights, and has contributed to the BBC, Deutsche Welle, Al-Jazeera and others.
Aside from editing, he is responsible for managing the newsroom and company â including fundraising, recruitment, compliance and overseeing HKFPâs web presence and ethical guidelines. More by Tom Grundy
Yenni Kwok
Yenni Kwok has worked as a journalist for nearly three decades.
She started her journalism career at the Jakarta Post in Indonesia before moving to Hong Kong to join Asiaweek magazine in late 1997. She later worked as a writer and editor at different international media outlets, including the South China Morning Post, CNN, Time, the New York Times, Storyful, and AFP. Most recently, she was a lecturer at the University of Hong Kongâs Journalism and Media Studies Centre, and a supervising editor at Annie Lab, the JMSCâs on-campus fact-checking newsroom.
Yenni has a bachelorâs degree in journalism from the University of Illinois and a masterâs degree in social sciences from the University of Amsterdam. More by Yenni Kwok
Kelly Ho
Ho Long Sze Kelly is a Hong Kong-based journalist covering politics, criminal justice, human rights, social welfare and education. As a Senior Reporter at Hong Kong Free Press, she has covered the aftermath of the 2019 extradition bill protests and the Covid-19 pandemic extensively, as well as documented the transformation of her home city under the Beijing-imposed national security law.
Kelly has a bachelorâs degree in Journalism from the University of Hong Kong, with a second major in Politics and Public Administration. Prior to joining HKFP in 2020, she was on the frontlines covering the 2019 citywide unrest for South China Morning Postâs Young Post. She also covered sports and youth-related issues. More by Kelly Ho
Irene Chan
Irene Chan is a reporter at Hong Kong Free Press and has an interest in covering political and social change. She previously worked at Initium Media as chief editor for Hong Kong news and was a community organiser at the Society for Community Organisation serving the underprivileged. She has a bachelorâs degree in Journalism from Fudan University and a masterâs degree in social work from the Chinese University of Hong Kong.
Irene is the recipient of two Society of Publishers in Asia (SOPA) awards and three honourable mentions for her investigative, feature and video reporting. She also received a Human Rights Press Award for multimedia reporting and an honourable mention for feature writing. More by Irene Chan
Hillary Leung
Hillary Leung is a journalist at Hong Kong Free Press, where she reports on local politics and social issues, and assists with editing. Since joining in late 2021, she has covered the Covid-19 pandemic, political court cases including the 47 democrats national security trial, and challenges faced by minority communities.
Born and raised in Hong Kong, Hillary completed her undergraduate degree in journalism and sociology at the University of Hong Kong. She worked at TIME Magazine in 2019, where she wrote about Asia and overnight US news before turning her focus to the protests that began that summer. At Coconuts Hong Kong, she covered general news and wrote features, including about a Black Lives Matter march that drew controversy amid the local pro-democracy movement and two sisters who were born to a domestic worker and lived undocumented for 30 years in Hong Kong. More by Hillary Leung
James Lee
James Lee is a reporter at Hong Kong Free Press with an interest in culture and social issues. He graduated with a bachelorâs degree in English and a minor in Journalism from the Chinese University of Hong Kong, where he witnessed the institutionâs transformation over the course of the 2019 extradition bill protests and after the passing of the Beijing-imposed security law.
Since joining HKFP in 2023, he has covered local politics, the cityâs housing crisis, as well as landmark court cases including the 47 democrats national security trial. He was previously a reporter at The Standard where he interviewed pro-establishment heavyweights and extensively covered the Covid-19 pandemic and Hong Kongâs political overhauls under the national security law. More by James Lee
Hans Tse
Hans Tse is a reporter at Hong Kong Free Press with an interest in local politics, academia, and media transformation. He was previously a social science researcher, with writing published in the Social Movement Studies and Social Transformation of Chinese Societies journals. He holds an M.Phil in communication from the Chinese University of Hong Kong.
Before joining HKFP, he also worked as a freelance reporter for Initium between 2019 and 2021, where he covered the height â and aftermath â of the 2019 protests, as well as the sweeping national security law imposed by Beijing in 2020. More by Hans Tse
Kyle Lam
Kyle Lam is a Hong Kong Baptist University graduate who has worked as a photojournalist and reporter since 2013. His work has been published by HK01, the European Pressphoto Agency, Bloomberg and Ming Pao. Lam is the recipient of several prizes from the Hong Kong Press Photographers Association and Human Rights Press Awards. More by Kyle Lam
Hong Kong Free Press would be impossible without the support and assistance of our countless tech, editorial, accounting, freelance staff and volunteers, as well as Newspack and The Hive.
Transparency Report
As Hong Kongâs most transparent news outlet, HKFP is externally audited annually, sharing all of our accounts online. We have no shareholders, and we do not answer to any business tycoon, government, mainland conglomerate or media mogul. HKFP is run by journalists and is a non-profit â we are answerable only to ourselves and our readers, and our newsroom relies on small donations from almost 1,000 readers.
In 2024, costs rose following our expansion, whilst income fell amid waning interest in Hong Kong news, a population exodus, and a slowing economy. We invite our readers and supporters to examine our income and spending over the past year, as we look to return to sustainability in 2025.Â
How is HKFP funded? Income 2016-2024
Our finalised, externally audited income up to 2023, and our predicted income for 2024 â in HK$.
Income | 2024* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|---|
Direct contributions | 3,441,496 | 3,609,235 | 3,587,606 | 4,497,890 | 6,357,972 | 6,056,859 | 2,463,408 | 1,769,760 | 1,063,125 |
Ads & content sales | 174,815 | 262,635 | 418,957 | 143,695 | 110,247 | 271,066 | 136,084 | 328,759 | 92,276 |
Events | â | â | â | â | â | 263,361 | 24,390 | 0 | 8,352 |
Bank interest, insurance claims, exchange gains | 27,970 | 45,242 | 6,516 | 3,945 | 10 | 226 | 21 | 1 | 12 |
Govât Covid subsidy | â | â | 96,000 | â | 216,000 | â | â | â | â |
Total: | 3,644,281 | 3,917,112 | 4,109,079 | 4,645,530 | 6,697,010 | 6,591,512 | 2,623,903 | 2,098,520 | 1,163,765 |
- đ° Reader supported: 94% of HKFPâs income comes directly from our readers, ensuring our press freedom and independence.
- âťď¸ Surplus recycled: As a non-profit, with no shareholders, investors, billionaires or umbrella company overseeing it, any surplus is recycled back into the HKFP newsroom for future use.
- đ Costs reduced: In 2024, HKFP slashed costs by switching insurers and merch store suppliers, downgrading software packages, adjusting staff transport allowances, finding sponsors for key costs, and halting most advertising. Given the tough environment for press freedom and the need to retain staff, HKFP vows to safeguard journalist salaries and headcount. Director pay was, however, frozen in 2022.
- đ New income streams: HKFP launched a newly expanded commercial rate card in 2024, with over a dozen advertising offerings, as well as photo/video licencing, consultancy, workshop and sponsorship opportunities. We also signed content sales deals with the Copyright Clearance Center and ProRata.ai, and launched new HKFP merch lines to improve cashflow.
- đ˛2025 Patrons plan: To close the funding gap in 2025, HKFP will provide new benefits to monthly donors.
Year | Amount |
---|---|
2015 total surplus: | HK$91,654 |
2016 total deficit: | -HK$45,569 |
2017 total surplus: | HK$445,796 |
2018 total surplus:⏠| HK$574,042⏠|
2019 total surplus:⏠| HK$3,698,358⏠|
2020 total surplus: | HK$3,245,356 |
2021 total surplus:⏠| HK$783,164 |
2022 deficit: | -HK$970,190 |
2023 deficit: | -HK$1,571,860 |
2024 predicted deficit | -HK$1,720,207 |
Current Revenue Streams
Contributions: include one-off & monthly Patron contributions by cheque/transfer, cash, PayPal & Stripe credit/debit card (inc. Apple Pay & Google Pay), PayMe, Octopus, CoinDragon, as well as merch sales profit and shopping referral links.
Ads & content sales: include ad income from display ads; Apple News & Facebook ads, Google/YouTube ads, directly purchased rate card ads & content sales [from media outlets, institutions and syndication partners LexisNexis, Opera News, ProRata.ai, CCC, Moodyâs, NewsBank, ProQuest, Dow Jones Factiva & Nordot etcâŚ]

â ď¸ Record deficit: HKFP faced a predicted, record deficit of HK$1.72m in 2024. Although we are able to reinvest our previous surplus, we will need to work on a return to sustainability by further reducing costs and improving income in 2025.
Help safeguard press freedom & keep HKFP free for all readers by supporting our team
- đŞ Bitcoin: To ease the financial situation in 2024, HKFP converted some of its Bitcoin investment into Hong Kong dollars in order to pay a month of staff salaries and five months of office rent. 0.69 BTC was withdrawn into HK$506,630 when as exchange rate peaked, leaving 2.16 BTC invested. (The crypto was donated by readers between 2021-2022, declared to Inland Revenue, and retained as an investment, hence it does not appear as âincomeâ above.)
- đ Future security: As of 2021, HKFP has retained a HK$1.5m legal defence fund in light of new challenges to press freedom, in addition to an emergency fund of HK$1m. As HKFP will be joining the Reporters Shield programme in 2025 â which will provide some monetary protection against frivolous lawsuits â the companyâs legal fund will be reduced to HK$1m.
- đĄEfficiency: HKFP is run as efficiently and prudently as possible, in order to maximise the impact of our donorsâ generosity. We make savings by partnering with other media outlets, using free software/tools, and making full use of teamwork and automation.
- đTo view our full audits, click here.
HKFP Spending 2016-2024
Finalised expenditure for our latest audited year, 2024, & our predicted 2024 spending â in HK$.
Expenditure | 2024* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|---|
Full-time staff payroll | 4,188,048 | 4,090,094 | 3,624,759 | 1,952,853 | 1.599m | 1.606m | 1.49m | 1.340m | 1.035m |
Mandatory Provident Fund (pensions) | 144,486 | 131,675 | 137,960 | 76,662 | 72,221 | 68,123 | 69,234 | 66,180 | 50,942 |
Web & software, newswire, commission | 93,239 | 250,115 | 227,068 | 138,532 | 132,269 | 129,543 | 58,693 | 33,083 | |
Office, sundry, recruitment/training, telecom | 399,452 | 385,327 | 447,234 | 273,244 | 109,289 | 164,256 | 110,414 | 57,565 | 25,801 |
Meals/drinks for volunteers/staff/sources | 19,894 | 45,101 | 20,506 | 25,178 | 18,324 | 29,686 | 14,028 | 17,106 | 25,531 |
Legal, professional, registration, audit | 59,246 | 46,619 | 114,143 | 37,365 | 96,505 | 12,340 | 7,385 | 45,231 | 10,845 |
Travel & insurance | 236,981 | 224,122 | 174,445 | 67,513 | 72,391 | 50,615 | 78,067 | 8,169 | 8,267 |
Stationery, merch, postage, printing | 37,518 | 66,497 | 44,240 | 207,392 | 208,544 | 42,311 | 11,827 | 686 | 17,124 |
Bank charges, penalties & exchange losses | 5,465 | 1,937 | 2,155 | 4,232 | 13,752 | 4,240 | 1,705 | 1,170 | 2,218 |
Freelancer payments & gear | 158,038 | 140,879 | 246,454 | 936,072 | 595,693 | 289,387 | 64,400 | 34,090 | â |
Tax | TBC | -69,518 (refund) | -69,518 (refund) | 59,518 | 408,496 | 509,211 | 29,816 | 13,343 | â |
Advertising | 7,179 | 38,128 | 37,527 | 78,745 | 6,914 | 36,597 | 34,371 | 10,261 | â |
Membership, research/polls, repairs & other | 14,940 | 62,802 | 2,778 | 5,060 | 118,800 | â | â | â | â |
Bad debts written off | â | 75,194 | â | â | â | â | â | â | â |
Total: | 5,364,488 | 5,488,972 | 5.04m | 3.74m | 3.04m | 2.89m* | 2.04m | 1.65m | 1.20m |
Investing in People


đź Investing in people: HKFP competes with international media when it comes to staff pay and conditions. We are proud to set â or exceed â industry standards in order to foster talent and retain staff in an increasingly tough environment. 78% of HKFPâs spending goes towards staff remuneration and pensions. When you support HKFP, you can be assured that your contribution is going directly towards local journalists â not to shareholders or a profit-making conglomerate.
đľ Living Wage Employer: In 2024, HKFP gained the Oxfam Living Wage Employer certification.
âď¸ Staff benefits include: â Clear payscale and annual appraisals. â Up to 23 days annual leave. â 4 months of maternity leave, 3 months of paternity leave. â Healthcare, dental and physio coverage. â Mental health support options. â Secure laptop and phone. â Monthly travel allowance. â Remote working benefits.
Help safeguard press freedom & keep HKFP free for all readers by supporting our team
HKFP Patrons in 2024
HKFP Patrons in 2024: HKFP relies on a membership model. Small amounts of income from a large pool of Patrons help support our team, sustain our operations, and guarantee our newsroomâs independence and longevity. Our monthly income as of January 2025:
- 1,003 â Number of monthly Patrons.
- HK$201,733 â Monthly income from Patrons (before fees.)
- HK$201 â Average monthly Patron contribution.
- đ° HKFP will expand benefits for monthly supporters in 2025. Patrons will receive exclusive newsletters and columns, merch discounts, feature previews and opportunities to tour our office or attend Q&As.
- â ď¸ HKFPâs monthly costs in 2024 were HK$447,040.
Press Freedom in 2024
January 2024
- Media mogul Jimmy Lai pleaded not guilty to conspiring to collude with foreign forces and publishing âseditiousâ materials in his closely-watched national security trial. The pro-democracy figure has been detained since December 2020.
- Hong Kong police slammed US-funded media outlet Radio Free Asia for quoting self-exiled former lawmaker Ted Huiâs âslanderâ against the police force, urging the news organisation not to give a platform to âcriminals who make false statements.â
- Lawmaker Doreen Kong said Hong Kongâs new arrangements for journalists wishing to access the governmentâs vehicle registry were inconsistent with the cityâs constitutional guarantees of press freedom. The revision was made in light of the top courtâs decision to acquit investigative journalist Bao Choy of making false statements to access the cityâs vehicle registry for an investigation into a 2019 mob attack.
- The Hong Kong Journalists Association said the new rules governing access to the vehicle registry would hamper reporting, as the Transport Department accused the union of making a âfalse accusationâ against the authorities.
- The Hong Kong Journalists Association rejected âuntruthful remarksâ from security chief Chris Tang, who said the press group did not represent the Hong Kong media industry.
- Ex-Apple Daily publisher Cheung Kim-hung took the stand in Jimmy Laiâs national security trial to testify against his former employer.
February 2024
- Ex-Apple Daily publisher Chan Pui-man took the stand in media mogul Jimmy Laiâs national security trial, saying Lai told Apple Daily to play up the business sectorâs concerns regarding the Beijing imposed national security law in its coverage. She also said that Apple Daily had launched its English version to rally international support.
- Justice minister Paul Lam said the press should be âcautiousâ and consider whether they were âabettingâ Hong Kong activists they were interviewing. Interviews with overseas Hongkongers who are wanted by the authorities may amount to giving them a platform to express views in breach of national security, he said.
- Ronson Chan, chair of the Hong Kong Journalists Association, said the âvagueâ legislative proposal for Article 23 had caused journalists working in the city to feel like they were in danger. Citing a survey conducted by the press union, he said more than 75 per cent of journalists believed Article 23 would only have a negative impact on press freedom.
March 2024
- The Safeguarding National Security Ordinance took effect on March 23, after being passed into law by Hong Kongâs opposition-free legislature four days earlier. Known as Article 23, authorities said it was needed to plug loopholes left by Beijingâs security law, while United Nations High Commissioner for Human Rights Volker Turk warned that âsuch provisions readily lead to self-censorship and chilling of legitimate speech and conduct, in respect of matters of public interest on which open debate is vital.â
- Andy Li, one of the 12 Hong Kong fugitives caught by Chinaâs coastguard in August 2020 while trying to flee to Taiwan, took the stand in media mogul Jimmy Laiâs national security trial. Testifying against the Apple Daily founder, Li said that Laiâs âradicalâ stance was common knowledge and that he had financed a global advertising campaign.
- Bloomberg admitted an error in reporting that Hong Kong planned to ban some social media under its new security law, as the government condemned the âfalse reportâ and denied any such intention.
- The Chinese University of Hong Kong removed copies of the University Community Press from campus, saying the publication was âunauthorisedâ and could not be displayed without permission. The publication, formerly known as CUHK Student Press, was managed by the student union before the body was forced to shutter in 2021.
- Radio Free Asia closed its Hong Kong office over staff safety concerns after Article 23 was enacted. The US-funded news outlet said that it no longer had full-time staff in Hong Kong and has closed its physical office, citing âconcerns about the safety of RFA staff and reporters.â
- Hong Kong authorities condemned the BBCâs reporting on Article 23, saying its report about the remission of sentences for security law convicts was âextremely misleading,â and condemned âfact-twistingâ remarks by what it deemed anti-China organisations quoted in the report.
April 2024
- Taipei-based Advocacy Officer Aleksandra Bielakowska of Reporters Without Borders was denied entry to Hong Kong after she was detained, searched and questioned for six hours at the airport. RSF said the move marked a ânew declineâ in the already poor press freedom climate in the territory.
- The Hong Kong Journalists Association was forced to move a fundraising concert online. An auction was supposed to be held at the concert to raise funds for the union.
- The Hong Kong Journalists Association was allowed to mount a legal challenge against the Transport Departmentâs policy restricting media access to vehicle ownership records.
May 2024
- Indian cartoonist Rachita Taneja and Hong Kongâs Wong Kei-kwan, better known as Zunzi, were awarded the biennial Kofi Annan Courage in Cartooning Award on May 3, World Press Freedom Day. Wong published satirical comic strips in Ming Pao for 24 years before the comic was suspended in May 2023.
- Chief Executive John Lee said the press was free to âask questionsâ but not provoke conflicts or make slanderous remarks, while speaking at a media awards ceremony.
- The Wall Street Journal said it would shift its Asia headquarters from Hong Kong to Singapore. The US newspaperâs editor-in-chief Emma Tucker said in a letter to staff that the shift would also involve an unspecified number of layoffs.
- Hong Kong again ranked low in an annual press freedom ranking as Reporters Without Borders cited an âunprecedented series of setbacksâ including newsroom closures and journalist arrests under Beijingâs national security law.
June 2024
- Hong Kong police condemned claims from the Hong Kong Journalists Association that the press unionâs chair Ronson Chan had received an âunreasonable warningâ from an officer while covering the 35th anniversary of the 1989 Tiananmen crackdown.
- Selina Cheng of The Wall Street Journal was elected to lead the Hong Kong Journalists Association, as Channel Câs Ronson Chan stepped down as chair. Two candidates said they wished to drop out of the race for Executive Committee seats.
- The executive editor of The New York Times criticised the âcorrosive effectâ of Hong Kongâs national security laws on press freedom during an awards ceremony in the city, but said that local news media continued to produce impactful coverage despite facing such challenges.
- Hongkongersâ trust in the news âincreased substantially,â rising to 55 per cent of those surveyed for an annual study of news consumption habits, the highest since the city was first examined in 2017, according to a report released by the Reuters Institute for the Study of Journalism.
July 2024
- Chair of the Journalists Association Selina Cheng was fired by The Wall Street Journal, weeks after she took the helm at the union. She said the newspaper had told her that employees should not be seen as advocating for press freedom âin a place like Hong Kong.â
- The organiser of the 2024 Hong Kong Book Fair ordered exhibitors not to sell certain book titles at the fair, citing complaints. Boundary Bookstore and Bbluesky were ordered to pull several titles including some by veteran journalist Allan Au and former pro-democracy lawmaker Shiu Ka-chun.
- The Court of Appeal rejected jailed media tycoon Jimmy Laiâs application to take his bid to hire a UK lawyer to the cityâs apex court. Lai wanted to challenge an appeal courtâs ruling in April, when it sided with a decision from the Committee for Safeguarding National âSecurity that barred him from hiring a British lawyer for his ongoing national security trial.
August 2024
- David Neuberger, an overseas non-permanent judge of the Court of Final Appeal, withdrew from his position on an advisory board to an international press freedom NGO, days after he was on a panel that denied media tycoon Jimmy Lai and six other democrats an appeal over a 2019 protest.
- The chief editor of Ming Pao urged columnists to be âprudentâ and âlaw-abidingâ when writing for the newspaper, warning that otherwise, âcrisis may comeâ. The memo read: âFor Ming Pao to conduct itself and its mission in Hong Kongâs new era, as well as to exercise the role of the fourth estate, is a heavy responsibility and a long path that requires extra caution.â
- The Hong Kong Journalists Association issued its annual press freedom index, which recorded a rating of 25 out of 100, the lowest since the survey was first conducted in 2013. Reporters said they were hesitant to criticise the government and that it had become harder for the media to function as a watchdog and to access information.
- Chinese journalist Haze Fan was refused a visa to work at Bloombergâs Hong Kong bureau, âwithout explanation.â Fan was previously detained in China.
- Ex-chief editor of independent media outlet Stand News Chung Pui-kuen and former acting editor-in-chief Patrick Lam were found guilty of sedition, marking the first such conviction of journalists since the Handover. Judge Kwok Wai-kin ruled that Stand News was âa tool to smear and slander central and [Hong Kong] governmentâ during the 2019 protests.
September 2024
- Journalism lecturer Allan Au was marked as âon leaveâ from his position at the Chinese University, less than a week after four op-eds he wrote for shuttered independent media outlet Stand News were ruled âseditiousâ in a landmark trial.
- The Court of Appeal overturned a warning by Hong Kongâs media watchdog that a satirical current affairs programme on RTHK had âinsultedâ the cityâs police force. Judge Jeremy Poon ruled that satirical nature of the comments made in the programme meant that the requirement for accuracy, stipulated in the code of practice, was not applicable.
- The Hong Kong Journalists Association revealed a spate of harassment and intimidation cases in a âsystematic and organised attackâ against dozens of Hong Kong reporters. Chief Executive John Lee said âanyoneâ who required help could seek out the cityâs law enforcement agencies, but stopped short of criticising the harassment.
- Associated Press photojournalist Louise Delmotte was denied entry to Hong Kong, months after an extension of her work visa was rejected by the cityâs immigration authorities. Delmotte had won multiple photojournalism awards in the city, including for her exclusive shots of pro-democracy figure Jimmy Lai in a maximum security prison last August.
- Former chief editor of shuttered Hong Kong media outlet Stand News Chung Pui-kuen was jailed for one year and nine months over publishing âseditiousâ materials. Stand Newsâ former acting chief editor Patrick Lam, who was initially handed 14 months in jail, walked free after the judge considered Lamâs poor health and the time he had spent in pre-trial detention. The judges ruled that the two editors had not been conducting genuine journalism, âbut participating in the so-called resistance.â
October 2023
- Hong Kong security chief Chris Tang accused ex-lawmaker Margaret Ng of âglorifyingâ jailed Stand News editor Chung Pui-kuen in an opinion piece published in Ming Pao. Ng, a barrister and former director of Stand News, said Chung had left a âdetailed public record of the extent of press freedom allowed under current lawâ during his sedition trial.
- Jimmy Lai was refused a jury trial in a libel suit against the Beijing-backed Ta Kung Pao over articles it published in June 2020 claiming that the pro-democracy media tycoon planned to illegally abscond from Hong Kong. Lai was ordered to pay HK$300,000 in legal costs arising from the failed application.
- Police served US tech firm Automattic with a notice to take down diaspora media site Flow HK, citing national security grounds.
- The police crime unit said it had taken over the investigation into reported harassment of journalists, more than a month after the cases were reported to the authorities. Ex-Stand News editor Patrick Lam lodged an appeal against his conviction for publishing âseditiousâ materials, a month after he was sentenced alongside the ex-chief editor.
November 2024
- Independent news outlet InMedia was fined HK$10,000 over not keeping a register of its members and directors at its Wan Chai office.
- Jailed tycoon Jimmy Lai took the stand for the first time in his national security trial, testifying that he had never tried to influence overseas governmentsâ foreign policy.
- Hong Kong Journalists Association chair Selina Cheng sued The Wall Street Journal over her âunlawful dismissal,â after she was fired by the paper in July. Mediation with the newspaper had been âineffective,â she told reporters, after taking her case to the Labour Department stating that she had been laid off unlawfully because of her participation in a union.
December 2024
- Former Hong Kong journalists Chan Cheuk-sze and Kathy Wong won best documentary short at the 61st Golden Horse Awards in Taiwan for their debut film Colour Sampling Ideology.mov, a 59-minute visual analysis of colour symbolism in politics in Hong Kong and Taiwan.
- More Hong Kong residents than ever perceived the cityâs news outlets to be self-censoring and shying away from criticising local and Beijing authorities, the Hong Kong Public Opinion Research Institute found. In total, 65 per cent of the survey respondents perceived news outlets to have practiced self-censorship, up eight per cent from the previous year, and marking a record high.
- An independent media outlet in Macau took down a report about various facilities being shut down before leader Xi Jinpingâs visit to the territory to mark the 25th anniversary of its handover to Beijing. The report was taken down âdue to âunavoidableâ reasons,â according to All About Macauâs statement.
- Jimmy Lai continued to testify during his national security trial, saying he halted calls for sanctions against the Hong Kong and Beijing governments after the national security law came into effect in 2020 as it would be âsuicideâ to make such demands.
Reader Survey
As part of our commitment to transparency, integrity, and impartial journalism, HKFP launched a Reader Survey in April 2024 to better understand how to prioritise our resources. We received 315 responses â most of which represented a vote of confidence in our newsroom â though we also received some surprising insights, valued feedback, and ideas.
- Most HKFP readers are of an affluent, highly-educated background â almost half earn over HK$50,000 per month, whilst over half hold a post-graduate or professional degree.
- We reach people of all ages, though most are aged under 44.
- 86.7% of respondents said we do enough to contextualise the news, up from 82.1% in our 2018 survey. 68.4% said our balance of news and features was appropriate, up from 53% of readers in our 2018 survey.
- HKFP aims to be as impartial, fair and balanced as possible, ensuring airtime for all sides of the debate. We asked readers to rate the degree to which they thought we succeed, with a score of â1â being heavily biased, and â5â being very impartial. Over 85% rated us â4â or â5.â
- See this page for the full 2024 survey results.
Support HKFPâs newsroom in 2025

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HKFP is powered Patrons â our community of monthly donors.
Almost 1,000 HKFP Patrons make HKFP possible. Each contributes an average of around HK$200/month to support our award-winning original reporting, keeping the cityâs only independent English-language outlet free-to-access for all. Why join us?
- đ Transparent & efficient: As a non-profit, we are externally audited each year, publishing our income/outgoings annually, as the cityâs most transparent news outlet.
- đ Accurate & accountable: Our reporting is governed by a strict Ethics Code. We are 100% independent, and not answerable to any tycoon, mainland owners or shareholders. Check out our latest Annual Report, and help support press freedom.
- đ° Itâs fast, secure & easy: We accept most payment methods â cancel anytime, and receive a free tote bag and pen if you contribute HK$150/month or more.
Sponsor our operations
We welcome sponsorship of our ongoing operational costs (such as web hosting, office rent or news wire services) â please get in touch if you can support us.
Package | Newsroom cost | Annual cost |
---|---|---|
A | Sponsor all web hosting, tech support, domain. | HK$140,727 |
B | Boost HKFPâs video output by enabling access to AFP news wire video clips. | HK$20,000 |
C | Sponsor all AFP news wire service, including text and photos. | HK$40,000 |
D | Cover the cost of HKFPâs newsroom/office at The Hive co-working space. | HK$360,000 |
E | Take on the cost of our Quickbooks accounting software. | HK$2,322 |
F | Sponsor our Mailchimp newsletter software. | HK$10,710 |
G | Sponsor health insurance for all staff. | HK$200,000 |
H | Cover our Google work apps costs. | HK$20,307 |
I | Sponsor a desk reporter for a year (inc. salary, MPF, insurance). | HK$300,000 |
Newsletter or HKFP Lens sponsorship
- Cover HKFPâs Mailchimp newsletter costs for an entire year and reach over 11,500 of HKFPâs most engaged readers. HKFP Dim Sum includes a news round-up on Saturdays, and an original reporting showcase on Mondays. Our open rate: 44%.
- Sponsor HKFPâs entire photography section for a year to promote your business, products, service or campaign. Align your brand with HKFP Lens â our full-width photographic platform showcasing shots from our in-house photojournalist, as well as work from the best shooters from Hong Kong and beyond.
Package | One year sponsorship | Cost |
---|---|---|
1 | Sponsor HKFPâs newsletter, Dim Sum â with two mentions and a link in each twice-weekly email. |
HK$50,000 |
2 | âSponsored byâ mentions at the top-and-bottom of all Lens galleries, plus Large Rectangle (336Ă280 pixels) ad on the Lens homepage. |
HK$15,000 |

Maximum contribution: HK$50,000. For larger contributions of up to HK$100,000, please contact us so we may discuss enhanced Know Your Client checks.