香港本财年摆脱赤字，港股旺、税收增，业界称政府正精准为市场提速、增量、降本

Core Insights - The Hong Kong government's budget for the fiscal year 2026/2027 emphasizes "innovation-driven, finance-enabled; diversified development, and caring for the public" as its theme, with a strong focus on promoting AI training and "Finance+" initiatives [1][6] Group 1: Economic Outlook - The Hong Kong stock market's total market capitalization has reached HKD 50 trillion, positioning Hong Kong to potentially become the world's largest cross-border wealth management center within one to two years [2][7] - The budget anticipates a shift from a projected deficit of HKD 67 billion for the fiscal year 2025/26 to a surplus of HKD 2.9 billion, with fiscal reserves expected to reach HKD 657.2 billion [2][7] - Increased stamp duty revenue from a booming stock market is projected to rise by nearly HKD 32 billion, while profits tax is expected to increase by approximately HKD 17 billion [2][7] Group 2: Infrastructure and Investment - The government plans to issue bonds to fund key infrastructure projects, including those in the Northern Metropolis and the Hong Kong-Shenzhen Innovation and Technology Park, to ensure future economic growth [2][8] - The budget outlines a commitment to invest in future development, even if operational accounts continue to show deficits, as this is deemed necessary for actual development [8] Group 3: AI and Technological Development - The establishment of the "AI+ and Industry Development Strategy Committee" aims to formulate strategies for AI-driven industrial transformation, focusing initially on health and embodied intelligence [5][10] - A budget allocation of HKD 100 million is designated to introduce leading technologies to accelerate the government's digital transformation, while HKD 50 million is earmarked for AI application learning programs [5][10] - The budget aims to enhance public understanding and responsible use of AI, which is seen as crucial for Hong Kong's competitiveness and employment prospects [10] Group 4: Financial Market Enhancements - The budget includes measures to optimize the securities market, innovate the bond market, and develop digital assets, reinforcing Hong Kong's financial system and expanding into emerging sectors [2][8] - The inclusion of precious metals in the unified fund tax exemption list is expected to enhance Hong Kong's attractiveness for funds and support the gold industry [9]