Core Viewpoint - The Hong Kong government, led by Financial Secretary Paul Chan, presented the 2026/2027 budget focusing on innovation-driven development and financial empowerment, aiming for diversified growth and public welfare [1]. Economic Outlook - The Hong Kong economy is expected to continue its positive momentum, with a projected growth rate of 2.5% to 3.5% for the current year, following a 3.5% growth in the previous year [1][3]. - The basic inflation rate is anticipated to be 1.7%, while the overall inflation rate is expected to be 1.8% [1]. Innovation and Technology Initiatives - A series of measures to drive innovation and technology development were proposed, including the establishment of the "AI+ and Industry Development Strategy Committee" and the promotion of AI training [2]. - The budget allocates resources for the construction of the first overseas National Manufacturing Innovation Center in Hong Kong and introduces a "New Industrial Elite Enterprise Cultivation Program" [2]. Financial Sector Developments - The budget emphasizes the promotion of RMB internationalization, with measures such as increasing the total quota for RMB business funding to 200 billion RMB and facilitating easier foreign exchange transactions [2]. - Continuous reforms in the securities market are planned, including legislative optimization of family office and fund tax systems, as well as establishing licensing systems for digital asset trading and custody service providers [2]. Public Finance Projections - The operating accounts are expected to maintain a surplus from 2026/2027 to 2030/2031, while the non-operating accounts will show deficits due to high infrastructure spending [3]. - The fiscal reserves are projected to gradually increase to over 700 billion HKD during this period [3].
香港发表新财政年度预算案 以创科和金融赋能多元发展
Xin Hua Wang·2026-02-25 12:33