• 03/12/2025

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

Hong Kong Free Press

hkfp annual report

Dear readers and supporters,

Ideas that HKFP could avoid some of the pressures faced by the rest of Hong Kong’s 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 – 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.

tom grundy hkfp

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.

HKFP 2024 impact
HKFP social media 2024

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 Taiwan’s 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. 

Ahead of Lai-Ching-te’s presidential inauguration, we sat down with Taiwan’s outgoing foreign minister Joseph Wu, pro-Beijing figures, and academics to discuss the democratic island’s uncertain future, and later looked back at the Sunflower Movement 10 years after students stormed the legislature to protest economic rapprochement with China. 

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. 

In an effort to gauge public opinion about major political developments – such as the legislation of a new security law, Donald Trump’s re-election as US president, and the opening of an exhibition dedicated to national security – we hit the streets to ask Hongkongers for their opinions. 

We also spoke to social workers – whose field was the subject of a major government overhaul – about the lack of resistance to, or even discussion about, the changes within the sector. The silence was a sign of the times in today’s Hong Kong, they said, but uncharacteristic of the historically outspoken industry. 

A chill fell across the city’s 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. 

Independent publishers told us that a shortage of local writers, both experienced and up-and-coming, posed a challenge to Hong Kong’s 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. 

Amid Israel’s war in Gaza, we examined how Hongkongers who wanted to express solidarity with Palestinians had found solace in small-scale community organising. 

best of hkfp 2024

We explored how changes in Hong Kong’s 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.  

In another reversal of fortunes, we followed cross-border “shopping agents” 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. 

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. 

We heard from women who had been victims of “hidden” sexual violence on Hong Kong’s 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. 

Development and redevelopment have been high on the government’s agenda, but neither is without impact. We documented residents’ 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. 

Also facing radical redevelopment is Hong Kong’s 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. 

We sought to explore issues pertinent to the city’s 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. 

best of hkfp 2024

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 city’s justice system even as experts decried the misogyny inherent to rape hearings. 

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. 

Responding to official requests to “tell a good Hong Kong story,” 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. 

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 Beijing’s 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. 

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 “tool” used to smear Beijing. 

When 14 pro-democracy figures were found guilty of conspiring to commit subversion, we looked at the judges’ reasons for reaching that verdict. And when they were among 45 jailed for the charge, we checked out who they were.  

After several foreign judges announced their departure from Hong Kong’s 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 city’s trade mission in London. 

best of hkfp 2024

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? 

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 Kong’s waste problem. And as 2024 officially became the city’s hottest ever, we explored how much Hong Kong has heated up since records began. 

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 city’s 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 Taiwan’s complex geopolitical position and cultural identity and how Hong Kong had become a cautionary tale for Taiwanese. 

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 “rebranding blackness” in Asia, fostering exchanges between different ethnic groups, and promoting dignity and self-love within the city’s African community. 

We also spent time with writer Sa’diyya 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.  

best of hkfp 2024

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 city’s introduced population of critically endangered yellow-crested cockatoos – where they came from, how they survive in the urban jungle, and the threats the species now face. 

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 authorities’ focus on national security raised questions about the long-term attractiveness of the city as a hub for international business. 

HKFP Scoops: June 2024 marked the fifth anniversary of the beginning of months-long protests and unrest sparked by an amendment to Hong Kong’s 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. 

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. 

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 – including Macau and cities in Guangdong – a development one consulate employee said raised concerns.

To investigate four Hong Kong-registered firms’ links to illegal deforestation of the Amazon rainforest, we partnered with independent non-profit organisation Repórter 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.

A refuse collection point in Kwai Chung Estate displayed recycled painting and decoration on the wall on March 6, 2023. Cleaners were banned from hanging decorations on the wall after the refuse collection point was reported and became famous. Photo: Kyle Lam/HKFP.
A refuse collection point in Kwai Chung Estate on March 6, 2023. Cleaners were banned from hanging decorations on the wall after the refuse collection point was featured by local media. Photo: Kyle Lam/HKFP.

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 Institute’s 2024 Free Media Pioneer Award. The prize showcases the “power and resilience of the free press,” 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, HKFP’s explanatory reporting on the 2023 District Council “patriots only” 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 Center’s 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.

Year Award Title Prize
2016 Human Rights Press Awards: University English language writing Sexual harassment at Hong Kong’s universities – rarely reported, but not rare Merit
2019 Human Rights Press Awards: Student Video & Audio (English) ‘I am prepared to be imprisoned’ – Chinese human rights lawyer Lin Qilei Winner
2020 Index on Censorship’s 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 Kong’s new methodology of protest, explained Honourable mention
2021 Nobel Peace Prize Hong Kong Free Press Nominated
2021 SOPA: Excellence in Opinion Writing (Regional) Hong Kong’s 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 ‘Asia’s World City’ 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 “patriots only” 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 outlet’s 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 “fake news,” misinformation and online propaganda.

First adopted in March 2020, our newly revamped guidelines lay out HKFP’s 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.

trust project network

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 – and disclose – our professional practices and guiding principles.

The 9 Trust Project Indicators:

1. Best Practices – who is behind the news?
If a journalist’s 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 – 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 – news, opinion, or what?
It’s 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 it’s journalism, then it’s meant to help us develop our own opinions.

4. References – what are the sources?
When a journalist is developing a news story, they may use information from eye witnesses, documents and other places – called sources. When a journalist shows their sources, we can check their reliability for ourselves.

5. Methods – why was it built?
If we know why a journalist chose a particular story and how they reported it, it’s easier to interpret it. A journalist’s methods help us know how fast-moving, well-researched or impartial the story may be.

6. Locally sourced – 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 – who is in the news, who is missing?
If certain voices or experiences are missing from the news, we don’t 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 – 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

newsguard

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

HKFP IPI

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

sopa hkfp member

HKFP is also part of the Society of Publishers in Asia. SOPA was founded in 1982 to “champion freedom of the press, promote excellence in journalism and endorse best practices for publishers…”

ad fontes media logo

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: HKFP’s reporting has been cited by numerous int’l outlets.

hkfp positioning

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

HKFP distribution channels

Hong Kong’s 2024 media landscape:

hong kong media landscape  2025

Staff & Structure


Tom Grundy

Tom founded Hong Kong Free Press in 2015 as the city’s 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 – including fundraising, recruitment, compliance and overseeing HKFP’s 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 Kong’s Journalism and Media Studies Centre, and a supervising editor at Annie Lab, the JMSC’s on-campus fact-checking newsroom.

Yenni has a bachelor’s degree in journalism from the University of Illinois and a master’s 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 bachelor’s 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 Post’s 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 bachelor’s degree in Journalism from Fudan University and a master’s 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 bachelor’s degree in English and a minor in Journalism from the Chinese University of Hong Kong, where he witnessed the institution’s 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 city’s 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 Kong’s 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 – and aftermath – 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 Kong’s 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 – 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. 

How is HKFP funded? Income 2016-2024

Our finalised, externally audited income up to 2023, and our predicted income for 2024 – 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 – – – – – 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
Gov’t Covid subsidy – – 96,000 – 216,000 – – – –
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
*2024 predicted, not yet confirmed/audited.
  • 💰 Reader supported: 94% of HKFP’s income comes directly from our readers, ensuring our press freedom and independence.
  • ♻️ 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.
  • 📉 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.
  • 📈 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.
  • 💲2025 Patrons plan: To close the funding gap in 2025, HKFP will provide new benefits to monthly donors.
*2024 not yet confirmed/audited.

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, Moody’s, NewsBank, ProQuest, Dow Jones Factiva & Nordot etc…]

HKFP income sources

⚠️ 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

  • 🪙 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 “income” above.)
  • 🔒 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 – which will provide some monetary protection against frivolous lawsuits – the company’s legal fund will be reduced to HK$1m.
  • 💡Efficiency: HKFP is run as efficiently and prudently as possible, in order to maximise the impact of our donors’ generosity. We make savings by partnering with other media outlets, using free software/tools, and making full use of teamwork and automation.
  • 📝To view our full audits, click here.

HKFP Spending 2016-2024

Finalised expenditure for our latest audited year, 2024, & our predicted 2024 spending – 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 –
Tax TBC -69,518 (refund) -69,518 (refund) 59,518 408,496 509,211 29,816 13,343 –
Advertising 7,179 38,128 37,527 78,745 6,914 36,597 34,371 10,261 –
Membership, research/polls, repairs & other 14,940 62,802 2,778 5,060 118,800 – – – –
Bad debts written off – 75,194 – – – – – – –
Total: 5,364,488 5,488,972 5.04m 3.74m 3.04m 2.89m* 2.04m 1.65m 1.20m
*2024 predicted, not yet confirmed/audited.

Investing in People

HKFP Team 2025
Senior Reporter Hillary Leung, Photojournalist Kyle Lam, Executive Editor Yenni Kwok, Reporter Hans Tse, Director & Editor-in-Chief Tom Grundy with Pixel the Dog, Senior Reporter Irene Chan, Senior Reporter Kelly Ho, and Reporter James Lee.
HKFP living wage employer

💼 Investing in people: HKFP competes with international media when it comes to staff pay and conditions. We are proud to set – or exceed – industry standards in order to foster talent and retain staff in an increasingly tough environment. 78% of HKFP’s spending goes towards staff remuneration and pensions. When you support HKFP, you can be assured that your contribution is going directly towards local journalists – not to shareholders or a profit-making conglomerate.

💵 Living Wage Employer: In 2024, HKFP gained the Oxfam Living Wage Employer certification.

✔️ Staff benefits include: ✓ Clear payscale and annual appraisals. ✓ Up to 23 days annual leave. ✓ 4 months of maternity leave, 3 months  of paternity leave. ✓ Healthcare, dental and physio coverage. ✓ Mental health support options. ✓ Secure laptop and phone. ✓ Monthly travel allowance. ✓ Remote working benefits.

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 newsroom’s independence and longevity. Our monthly income as of January 2025:

  • 1,003 – Number of monthly Patrons.
  • HK$201,733 – Monthly income from Patrons (before fees.)
  • HK$201 – Average monthly Patron contribution.
  • 💰 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.
  • ⚠️ HKFP’s monthly costs in 2024 were HK$447,040.

Press Freedom in 2024

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  • 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 city’s 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 Jinping’s visit to the territory to mark the 25th anniversary of its handover to Beijing. The report was taken down “due to ‘unavoidable’ reasons,” according to All About Macau’s 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 “suicide” 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 – most of which represented a vote of confidence in our newsroom – though we also received some surprising insights, valued feedback, and ideas.

  • Most HKFP readers are of an affluent, highly-educated background – 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 “1” being heavily biased, and “5” being very impartial. Over 85% rated us “4” or “5.”
  • See this page for the full 2024 survey results.

Support HKFP’s newsroom in 2025

hkfp 2025 payment platforms

Donate online via card or PayPal:
One-off or monthly contributions can be made with your Visa, Mastercard, or Apple Pay/Google Pay via Stripe or PayPal at support.hongkongfp.com.

Donate by cheque
Cheques of amounts up to HK$50,000 may be made payable to Hong Kong Free Press Limited and posted – along with your full name and address to: HKFP, The Hive Kennedy Town, 6/F, Cheung Hing Industrial Building, 12P Smithfield Road, Kennedy Town, Hong Kong. [Contributions are confidential – a papertrail  is required for our internal accountancy records.]

Donate via HSBC PayMe or Octopus
Scan our QR code to make an HSBC PayMe or Octopus digital payment. Please include your full name and email address so we may accept your contribution.

Donate via Patreon
Support us with a one-off or regular contribution by signing up at patreon.com/HongKongFreePressHKFP.

Donate by transfer/FPS
Faster Payment Service: [email protected] or Tel: 9447-3443.

Our HSBC account details:

  • Account name: Hong Kong Free Press Limited. Account number: 817-887532-838.
  • Bank name: HSBC Hong Kong. Bank address: 1 Queen’s Road Central, Hong Kong.
  • Bank code: 004. Branch number: 817. SWIFT address: HSBCHKHHHKH

Please note: For all FPS, one-off or regular bank transfers, please email a screenshot or phone  photo of the receipt/form to [email protected] after you have made arrangements so we may show a paper-trail for our internal accountancy records. We cannot, otherwise, accept your contribution. Supporters may also set up a regular standing order/direct debit with a form from your bank: HSBC, Standard Chartered, or Hang Seng.

Faster Payment Service (FPS):

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Donate spare coins
Hoarding a jar of coins? Donate spare change at Coin Dragon machines around the city.

Donate gear or sponsor our operations
We welcome contributions of new computer or audio-visual or mobile equipment – please get in touch if you can support us.

Buy HKFP merchandise
Show your support for press freedom with HKFP merchandise.

Advertise with us
Support us and promote your business or cause at the same time. Request our rate card and consider our affordable range of digital marketing solutions.

HKFP is powered Patrons – 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 city’s only independent English-language outlet free-to-access for all. Why join us?

  1. 🔎 Transparent & efficient: As a non-profit, we are externally audited each year, publishing our income/outgoings annually, as the city’s most transparent news outlet.
  2. 🔒 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.
  3. 💰 It’s fast, secure & easy: We accept most payment methods – 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) – 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 HKFP’s 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 HKFP’s 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 HKFP’s Mailchimp newsletter costs for an entire year and reach over 11,500 of HKFP’s 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 HKFP’s entire photography section for a year to promote your business, products, service or campaign. Align your brand with HKFP Lens – 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 HKFP’s newsletter, Dim Sum – with two mentions
and a link in each twice-weekly email.
HK$50,000
2 “Sponsored by” mentions at the top-and-bottom of all Lens galleries,
plus Large Rectangle (336×280 pixels) ad on the Lens homepage.
HK$15,000
hkfp advertisers

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.

https://hongkongfp.com/2025/03/08/hong-kong-free-press-annual-report-2024-5-our-achievements-best-coverage-accounts-from-the-past-year/