Stimulate the Economy
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Financial Services
- Issue no less than $24 billion of Silver Bond and no less than $15 billion of iBond this year. Lower the eligible age for Silver Bond subscription from 65 to 60
- Issue green bonds totalling $175.5 billion within the next 5 years, and plan to issue retail green bonds
- Roll out Green and Sustainable Finance Grant Scheme to subsidise expenses on bond issuance and external review services
- Strive for the launch of Southbound Trading of Bond Connect within this year, and enhance the domestic Central Moneymarkets Unit
- Provide subsidy for Real Estate Investment Trusts to list in Hong Kong
- Launch a Pilot Insurance-linked Securities Grant Scheme to subsidise issuance costs
- Provide subsidy for Open-ended Fund Companies to set up in or re-domicile to Hong Kong
- Review tax arrangements relevant to family office business
Innovation and Technology
- Earmark over $200 million to roll out “Knowing More About IT” Programme, subsidise primary schools to enhance students’ interests and knowledge in I&T and their applications through extra-curricular activities
- Regularise the pilot scheme which subsidises students studying science and technology in local universities to enrol in short-term I&T related internships
- Inject $9.5 billion into the Innovation and Technology Fund by two yearly instalments
- Hong Kong Monetary Authority to consider enhancing its Fintech Supervisory Sandbox to reduce time for launching innovative financial products in the market
- Press ahead with the development of the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop
- Continue to implement the Science Park expansion and Cyberport 5 development
- Continue to support the development of 5G networks and applications
- Commence progressively the operation of the first batch of about 20 R&D laboratories under the “InnoHK Research Clusters” in the first quarter of this year
Air Cargo Sector
- With the expansion of the existing express air cargo terminal, the commissioning of a new premium logistics centre and the Three Runway System, annual cargo handling capacity of Hong Kong International Airport (HKIA) is expected to increase to some 9 million tonnes in 2024
- Explore measures to facilitate trans-shipment through Hong Kong, so as to maintain Hong Kong’s competitive edge as an international air cargo hub
- Redevelop the Air Mail Centre at HKIA to become operational by end 2027 at the earliest
Cultural and Creative Industries
- Inject an additional $1 billion into the CreateSmart Initiative
Construction Industry
- Enhance the professional skills of mid-tier managers in the Government and uplift their project delivery capability
- Promote cost management culture to the industry
- Continue to promote the Modular Integrated Construction (MiC) method and digitalisation of public works
