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Budget Speech

Concluding Remarks

287. President, over the past year, the global environment has remained volatile, and Hong Kong has continued to undergo economic transformation, with some sectors still facing pressure.  Technological innovation, in particular the development of AI, has brought us a mix of opportunities and challenges.  Yet, Hong Kong has always thrived amid changes and progressed through innovation, demonstrating strong determination and resilience, as well as exceptional agility and adaptability.  While transformation is ongoing, our economy has recalibrated its course and is advancing steadily.

288. Characterised by its cultural blend of East and West, the robust rule of law, a simple and low tax regime, as well as a safe and liveable environment, Hong Kong is well placed to attract talents, enterprises and capital.  We must make full use of our strengths and leverage the resolute support of our country to speed up and scale up our economic development sustainably for creating better development opportunities for the people and enhancing their quality of life.

289. The colour of the cover of this year's Budget is purple.  Representing elegance and charm, the colour also stands for calmness and perseverance, signifying the growing intrinsic strengths of Hong Kong's economy in the midst of a fast-changing external environment, as well as people's aspirations for happiness.

290. Next year marks the 30th anniversary of Hong Kong's return to the Motherland.  Let us gallop towards a brighter future with confidence and determination.  By making the most of our strengths under the "One Country, Two Systems" framework, we will certainly enrich and enliven our city through more diverse and inclusive development for the better livelihood of our citizens and to make greater contributions towards Chinese modernisation.

291. Thank you.

 

 

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