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, anticipating continued economic growth for Hong Kong this year [1][4]. Economic Outlook - The overall economic growth for Hong Kong in 2023 is projected to be between 2.5% and 3.5%, with basic inflation and overall inflation rates expected to be 1.7% and 1.8%, respectively [1][5]. - The economy experienced a growth rate of 3.5% in the previous year, marking three consecutive years of growth, driven by strong external trade, recovering private consumption, and accelerated fixed investment [1][4]. 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 and digital transformation within the government [2][4]. - 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" [4]. Financial Sector Developments - The government aims to support the internationalization of the Renminbi, increasing the total quota for Renminbi business funding to 200 billion RMB and facilitating easier foreign exchange transactions [5]. - Continuous reforms in the securities market are planned, including legislative measures to optimize family office and fund tax systems, as well as establishing licensing systems for digital asset trading and custody service providers [5]. Public Finance Projections - The operating accounts are expected to maintain a surplus from 2026/2027 to 2030/2031, while non-operating accounts may show deficits due to high infrastructure spending, leading to a moderate increase in debt issuance [5]. - The fiscal reserves are projected to exceed 700 billion HKD during this period, indicating a significant improvement in the government's financial situation [5].
香港发表新财政年度预算案,以创科和金融赋能多元发展
Sou Hu Cai Jing·2026-02-25 13:15