The 2016-17 Budget
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Budget Speech

Commercial Connectivity

88.    We have an advanced and efficient transportation network.  The cargo handled by the Hong Kong International Airport makes up 40 per cent of our exports in value terms.  The eastward shift of the global economic balance has fuelled the rapid rise of spending power and growing demand for high-end consumer goods in the Asian region.  This is conducive to the positioning of Hong Kong as an aviation and maritime centre and the development of our high value-added logistics services.

89.    The capacity of our airport remains a problem that must be addressed.  The existing two-runway system will reach maximum capacity within two years.  To cater for long-term air traffic demand and sustain Hong Kong's competitiveness as an aviation hub, the Airport Authority Hong Kong (AA) is pressing ahead with the implementation of the three-runway system (3RS) project, which is expected to complete in eight years.  Upon full operation of the 3RS, the airport will be able to handle 100 million passengers and nine million tonnes of cargo annually in 2030.

90.    The increasing demand for international air transport services will spur the rapid growth of the aviation business in Hong Kong and Asia.  Hong Kong has well-developed transportation and financial services.  We shall examine the use of tax concession to boost aircraft leasing business and explore business opportunities in aerospace financing.

91.    E-commerce is booming in Hong Kong, with sales doubling from $140 billion in 2008 to $280 billion in 2012.  To meet the demand for logistics services brought by electronic trading, Hongkong Post will capitalise on its network to enhance the counter collection service for online purchases.  In the first half of this year, Hongkong Post will install self-service collection lockers in the community to make it more convenient for members of the public to collect their online purchases.

92.    Hongkong Post will promote the wider use of online postal portals, such as EC-Ship and My Speedpost, among their clients to facilitate the delivery of goods by internet shops.  It will also continue to provide e-commerce support services to local SMEs in collaboration with HKTDC and the Hong Kong Productivity Council.

93.    Shortage of land for the logistics industry has always been a matter of concern.  Government will provide land for logistics use.  We have reserved ten hectares of land in Tuen Mun West for logistics purpose.  One of the reserved sites has gained the support of the District Council and will be released for use by the industry as soon as possible.


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Last revision date : 24 February 2016