Core Viewpoint - The Hong Kong government is launching specific measures to promote the "silver economy" in response to the challenges of an aging population, aiming to transform these challenges into new economic and social opportunities [1][3]. Group 1: Silver Economy Development Measures - The government predicts that by 2043, over one in three residents in Hong Kong will be elderly, highlighting the need for silver economy initiatives to invigorate local economic activity and ensure the elderly benefit from social development [3]. - The working group proposed systematic measures across five dimensions: "silver consumption," "silver industry," "silver quality assurance," "silver financial and protection arrangements," and "silver production motivation" [3]. - In the "silver consumption" dimension, 11 actions are outlined, including promoting specialized exhibitions for the silver economy, encouraging retailers to offer exclusive discounts for the elderly, and promoting age-friendly products through e-commerce platforms [3]. Group 2: Focus on Technology and Financial Security - The "silver industry" initiative emphasizes technological innovation, with support from organizations like the Hong Kong Science Park and Cyberport to assist companies in developing elderly-friendly technologies [3]. - In the financial security area, plans include expanding cross-border elderly insurance products, enhancing financial literacy and fraud prevention education for seniors, and establishing guidelines for elder-friendly banking services [3]. - The government aims to encourage older individuals to participate in the labor market through employment support and training programs, thereby unlocking labor potential [3][4]. Group 3: Collaboration and Economic Opportunities - The measures will be advanced through collaboration among various policy bureaus and cross-sector organizations, targeting increased consumption by the elderly, improved product and service quality, financial security for seniors, and enhanced social productivity [4]. - The silver economy is seen as a significant business opportunity, with the government and society working together to improve the quality of life for the elderly and enhance their sense of well-being [4].

Group 1 - The Hong Kong government is focusing on developing the "silver industry" by promoting the marketization and industrialization of elderly products, integrating funding resources, and encouraging businesses to provide products to expand the market [1] - The Hong Kong Innovation and Technology Bureau is actively supporting the transformation and commercialization of research and development projects related to elderly technology [1][2] - The Hong Kong Science Park and Cyberport are committed to providing infrastructure, nurturing programs, and one-stop support services for startups, including those in elderly technology [1] Group 2 - The population aged 65 and above in Hong Kong is projected to increase from 1.64 million in 2023 to 2.67 million by 2043, representing about 35% of the total population [2] - Various local universities, research centers, and professional organizations have conducted surveys on the consumption, savings habits, and retirement expenditures of the elderly population [2] - The working group will continue to reference studies and surveys from different organizations while considering the opinions of stakeholders, including the elderly and their families, in formulating future directions [2] Group 3 - Developing the silver economy requires talent from various sectors, including elderly technology and nursing homes, with policy bureaus coordinating closely with relevant industries [3] - The working group, led by senior officials from various policy bureaus, has held multiple meetings since its establishment to discuss the development of the silver economy [3][4] - The working group aims to strengthen cross-bureau coordination and leverage public and private sector resources to promote the silver economy while meeting the needs and preferences of the elderly [4]