预算案提出拨款全面检视"楼宇更新大行动2.0"、延续"优化升降机资助计划"。住在北角多年的李太 说："政府拿钱出来帮旧楼做维修，我们住得也踏实些。"(完) 来源：中国新闻网 编辑：董文博 香港市民：财政预算案"派糖"措施"贴地" 投资创科强信心 中新社香港2月26日电 (魏华都 邱兆翔)25日公布的香港特区政府2026/2027财政年度财政预算案提出多项 惠民生措施。26日，多位香港市民接受中新社记者采访时认为，预算案"派糖"措施"贴地"，同时积极投 资创科，为香港长远发展注入动力，令人对香港经济前景更有信心。 2月25日，香港特区政府财政司司长陈茂波公布2026/2027财政年度特区政府财政预算案。图为在陈 茂波宣读预算案后，工作人员在湾仔向排队领取的香港市民发放《2026/2027财政年度政府财政预算 案》资料。 中新社记者 陈永诺 摄 住在大埔的彭女士与丈夫育有一女，加上供养父亲，一家均可享受预算案提出的增加免税额优惠。彭女 士计划将节省的钱投入女儿的教育中，"今年可以给女儿多报一个兴趣班，兴许还能带着孩子一起出去 旅游。" 预算案提出多个百亿元(港元)计划，拟投入创科产业、大力推进北部都会区建设，令从 ...

在资金安排上，香港政府转拨1500亿港元支持北都及相关基建，提供有力财政支撑。另向立法会申请注 资100亿港元予产业园公司，加速第一期余下地块发展，并设立创投基金支持初创企业。 关于产业与人才导入，香港政府推出"新型工业菁英企业培育计划"，重点扶持对香港新型工业发展有贡 献的高增长企业，培育新兴及未来产业龙头，并在香港建设国家制造业创新中心，形成香港本地与国际 创科力量互补的人才生态。 德勤中国香港税务与商务咨询服务主管合伙人刘明扬称，该行欢迎香港政府延续去年《施政报告》中提 出的构思，有意制订促进产业和投资的优惠政策包，当中涵盖批地安排、财政资助或税务减免(优惠税 率为半税或5%)，以进一步吸引高增值产业和高潜力企业落户香港，推动香港实现高质量发展。 智通财经APP获悉，香港今日公布新一份《财政预算案》，德勤中国战略及经济咨询服务合伙人江伟轩 表示，新一份《财政预算案》对北部都会区秉持"产业导向"的开发模式，涵盖制度、资金与产业三大层 面，加快将北都由规划蓝图转化为实质建设。 在制度创新方面，香港政府年内将提交北都专属法例条例草案，并成立两间专责公司，分别聚焦新田科 技城及洪水桥产业园，以专责机构加速推进发 ...

Economic Performance - Hong Kong's GDP has recorded year-on-year growth for 11 consecutive quarters, with a notable increase of 3.8% in the third quarter, marking the best performance in over a year and a half [4] - The economic growth forecast for 2025 is set at 3.2%, slightly above earlier predictions, maintaining a growth trend for the third consecutive year [5] - The total financing amount from initial public offerings (IPOs) in Hong Kong reached 274.6 billion HKD, ranking first globally [5] Financial Market Activity - As of November, the total market capitalization of the securities market was approximately 48 trillion HKD, reflecting a year-on-year increase of 41% [5] - The average daily trading volume for the first 11 months of the year surged by 95% compared to the previous year, reaching 255.8 billion HKD [5] - Hong Kong has maintained its position as the fourth largest international shipping center for six consecutive years, receiving international recognition [5] Innovation and Technology Development - The Hong Kong-Shenzhen Innovation and Technology Cooperation Zone officially opened, positioning itself as a hub for innovation and technology development in the Greater Bay Area [2] - The establishment of the "Northern Metropolis Development Committee" aims to accelerate the development of the Northern Metropolis, which is expected to contribute at least 350 billion HKD to Hong Kong's GDP annually and create over 400,000 jobs [19] International Relations and Trade - Hong Kong continues to strengthen its role as a financial, trade, and shipping center, with significant international cooperation agreements being established, including 59 memorandums of understanding during trade missions [16] - The implementation of the "Yue Car South" policy facilitates smoother cross-border travel and trade between Hong Kong and mainland China, enhancing regional integration [16] Social and Community Development - The government has initiated various community support programs, including the establishment of "Care Teams" that have provided services to approximately 610,000 households in need [10] - The introduction of "simple public housing" projects aims to reduce waiting times for public housing to a record low of 5.1 years, addressing housing issues for residents [12] Cultural and Tourism Growth - Hong Kong's tourism sector has seen a resurgence, with approximately 45 million visitors recorded in the first 11 months, surpassing the total for the entire previous year [6] - The retail sector has shown signs of recovery, with total sales value increasing for six consecutive months, indicating a positive trend in consumer spending [6]

Core Viewpoint - The groundbreaking ceremony for the Yuen Long South residential project, a collaboration between China Resources Land and New World Development, marks a significant step in the development of the Northern Metropolis in Hong Kong [1][4]. Group 1: Project Development - The Yuen Long South residential project is located in the "high-end professional services and logistics hub" area of the Northern Metropolis plan, adjacent to a well-developed central area, indicating substantial development potential [3]. - The total floor area of the project is approximately 720,000 square feet, with phased development planned. The first plot has completed land premium procedures, allowing for nearly 280,000 square feet of buildable area, expected to be sold in the fiscal year 2027, providing around 700 residential units [3]. - The two plots combined will offer approximately 1,800 residential units to meet market demand for quality housing [3]. Group 2: Strategic Collaboration - Since 2022, China Resources Land has actively researched participation in the Northern Metropolis construction, organizing the "Runxin Construction·Building the Future" youth professional design competition to gather innovative ideas for the Northern Metropolis planning [3]. - In December 2023, a cooperation agreement was signed with New World Development to jointly develop the Yuen Long South project, demonstrating a commitment to collaborative efforts in the region [3]. - Future initiatives include hosting the "Spring Bamboo Lecture" in June 2024 to deepen research on industrial development in the Northern Metropolis and signing a general letter of intent for corporate participation in November 2024 [3].

Core Insights - Hong Kong is shifting its focus from security to economic development, with a goal to enhance its international financial center status and stimulate economic growth [6][7][8] - The economy is heavily reliant on trade and financial services, each contributing around 20% to GDP, but these sectors alone may not suffice for future growth [8][9][11] - The need for technological innovation is emphasized as a new opportunity for Hong Kong, which has historically lagged in this area compared to other regions [13][17][18] Economic Performance - Hong Kong's economic growth rate is projected to decline from 3.2% in 2023 to 2.5% in 2024, with forecasts for 2025 ranging between 2% and 3% [7][8] - The city has lost its position as the world's largest container port, now ranking 11th, while neighboring ports like Shenzhen and Guangzhou have surpassed it [11][12] Technological Innovation - Hong Kong's R&D investment is low, at only 1.11% of GDP in 2023, compared to 2.2% in the EU and 3.59% in the US [18] - The lack of a robust mechanism for technology transfer and commercialization has hindered the growth of the tech sector [14][18] Infrastructure Development - The "Northern Metropolis" project aims to develop a new urban area that will focus on innovation and technology, with significant investment planned [21][22] - The government plans to issue bonds worth 150 billion to 195 billion HKD annually over the next five years to fund this initiative [22] Regional Integration - The "粤车南下" policy facilitates greater connectivity between Guangdong and Hong Kong, indicating a trend towards deeper integration with mainland China [24] - The collaboration between Hong Kong and Shenzhen is evolving from a one-way technology transfer to a more integrated partnership, leveraging each region's strengths [29][31]

Core Viewpoint - The Hong Kong government's approach to developing the Northern Metropolis aligns closely with mainland practices and offers mutual learning opportunities [1] Group 1: Insights from the Visit - The delegation led by the Financial Secretary of Hong Kong, Paul Chan, visited key development areas in Beijing and Hebei, focusing on the development experiences of major new districts [1] - The visit highlighted three key insights for Hong Kong: 1. The strong planning vision and execution capabilities demonstrated by the Beijing sub-center and Hebei Xiong'an New Area [1] 2. The experience in area development, industrial layout, and investment attraction from these regions serves as important references for Hong Kong [1] 3. The approach to building more community-oriented environments [1]

Core Points - The Hong Kong Railway Company (MTR) launched the Northern Link project, which is a significant transportation backbone for the Northern Metropolis [2] - The main line will connect the East Rail Line and the Tuen Ma Line, while the branch line will directly link to the Shenzhen Huanggang Port, establishing a third direct railway connection between Hong Kong and the mainland [2] - The project aims to enhance accessibility in the Northern Metropolis and strengthen cross-border connections with the mainland [3] Summary by Sections - **Project Overview** - The Northern Link is the largest railway project currently being promoted by MTR [2] - The project includes a main line and a branch line, with the main line serving as a public transport backbone for new development areas in the Northern Metropolis [2] - **Government and Company Statements** - The Secretary for Transport and Logistics of the Hong Kong SAR Government emphasized the project's role as a vital transport artery for regional development [2] - MTR's Chairman highlighted the importance of the Northern Link in enhancing accessibility and deepening cross-border ties with the mainland [3] - **Construction and Timeline** - MTR aims to complete the main line and branch line by 2034 [3] - The construction of the East Rail Line's Kwu Tung Station is progressing well, with structural completion expected in November 2023 and operations targeted for 2027 [3]

Investment Rating - The report maintains a "Positive" investment rating for the industry [9]. Core Insights - The Hong Kong government's recent policy report emphasizes the development of the Northern Metropolis, which is strategically significant due to its proximity to Shenzhen and potential to create numerous jobs and enhance productivity [2][6]. - The establishment of the Northern Metropolis Development Committee and its sub-groups aims to clarify the organizational structure for the area's development [10]. - The report highlights the introduction of social capital in the development process, utilizing mechanisms such as 1.5-level development and BOT (Build-Operate-Transfer) models to enhance project execution [10]. - Infrastructure projects in the Northern Metropolis are progressing rapidly, with significant transportation developments planned to support the area's growth [10]. - China State Construction International is expected to benefit significantly from the Northern Metropolis projects, with a projected market share increase in Hong Kong's infrastructure sector [10]. - The company maintains a double-digit profit guidance for 2025, with a projected dividend yield of approximately 6.6% based on a 33% payout ratio [10].

Core Viewpoint - The Hong Kong government is accelerating the development of the Northern Metropolis, which is seen as a strategic area for economic growth and innovation, with the establishment of the "Northern Metropolis Development Committee" to streamline processes and attract investment [1][2]. Group 1: Government Initiatives - The Hong Kong government has announced the formation of the "Northern Metropolis Development Committee" to expedite the development of the Northern Metropolis, which is expected to occupy one-third of Hong Kong's area and future population [1]. - The government aims to simplify administrative processes and introduce fast-track approval systems to encourage investment and development in the Northern Metropolis [2]. - The Northern Metropolis is positioned as a key driver for Hong Kong's future development, particularly in the context of collaboration with the Greater Bay Area [1][2]. Group 2: Economic and Development Potential - The Northern Metropolis is anticipated to create numerous job opportunities and enhance productivity, serving as a vital economic engine for Hong Kong [1][2]. - The area is expected to integrate various industries and foster innovation, with a focus on technology and research collaboration between universities and enterprises [3]. - The development of the Northern Metropolis is seen as a significant step towards transforming Hong Kong's traditional development model and addressing current challenges [2][4]. Group 3: Stakeholder Perspectives - Experts emphasize the importance of the Northern Metropolis as a strategic interface for Hong Kong's integration into national development, highlighting the need for collaborative efforts across various sectors [2][4]. - The establishment of specialized working groups under the Northern Metropolis Development Committee aims to enhance operational efficiency and focus on specific areas such as financing and higher education [2]. - Stakeholders from the real estate sector express optimism about the government's initiatives to lower construction costs and encourage market participation in the Northern Metropolis development [3].

Group 1: Economic Development Strategies - The Chief Executive of Hong Kong, John Lee, emphasized the government's strategies for developing the Northern Metropolis and industrial innovation in the 2025 Policy Address [1][2] - The Northern Metropolis is identified as a new engine for Hong Kong's economic development, with significant potential and a focus on expediting the introduction of industries and major projects [2][3] - The government plans to establish a Northern Metropolis Development Committee to streamline administrative processes and create a dedicated legal framework for its development [2][3] Group 2: Integration with National Development - The Policy Address outlines how Hong Kong can better integrate into the national development framework, enhancing its role as a platform for international cooperation and trade [3][4] - The focus will shift from merely attracting investments to actively seeking opportunities in emerging markets, reflecting changes in global trade dynamics [2][3] Group 3: Social Welfare and Living Standards - Improving the quality of life for citizens is a primary goal, with initiatives aimed at better housing, increased income for workers, and enhanced care for the elderly [3][4] - The report highlights the importance of economic growth as a foundation for improving living standards, which in turn stimulates market vitality and economic development [3][4] - Specific measures include increasing public housing supply, enhancing transportation systems, and reforming healthcare to ensure sustainability and accessibility [4]