Business education has been offered in Hong Kong secondary schools for more than 50 years, and has gone through a number of key stages in response to economic growth. The key developmental stages are: (a) 1950s and 1960s, (b) 1970 to mid-1980s, (c) mid-1980s to 1999, and (d) 2000 to 2008. Another new stage of development will be implemented in 2009. This paper provides a historical review of the four key developmental stages, introduces the forthcoming new stage, and analyses and discusses the curriculum development of all these stages in line with the economic changes. It is recommended that pupils in different forms and at different academic levels be taught both generic business knowledge and vocational aspects of business to sustain Hong Kong’s economic success.[Copyright © 2008 International Vocational Education and Training Association.]