Chief Executive John Lee’s latest Policy Address offers a timely and forward-looking roadmap for Hong Kong’s economic renewal. With global competition heating up and regional integration gaining pace, it’s encouraging to see many of the Chamber’s recommendations reflected in the plan, from accelerating development in the Northern Metropolis to boosting AI and tourism.

To expand Hong Kong’s international footprint, the Commerce and Economic Development Bureau will establish Economic and Trade Offices (ETO) in Kuala Lumpur and Latin America, alongside investment agreements with emerging markets. At the same time, policies to deepen capital markets, grow fintech and green finance and develop gold trading are set to attract global capital. Additionally, hosting the International Organization for Mediation reinforces our growing reputation as a legal and dispute resolution hub.

The Northern Metropolis stands out as a long-term game changer. A high-level committee will oversee planning and infrastructure, unlocking the area’s potential as a new economic engine and strengthening ties with the GBA. That momentum carries into tech, with HK$3 billion earmarked for frontier research and HK$1 billion for a new AI institute. These moves will attract top talent and speed up commercialization, while new IP financing policies will help tech firms turn ideas into growth.

Updated aviation regulations and a drone-friendly ecosystem will open up the low-altitude economy, while sustainability gets a meaningful push through EV battery recycling, hydrogen energy and green infrastructure. It’s a welcome shift toward a more future-ready and environmentally responsible city.

Talent development is another key focus. Providing HK$40 million for our eight funded universities, paired with boosting the “Study in Hong Kong” campaign, will help build a strong pipeline of skilled professionals and position the city as a global education hub.

On the ground, support for SMEs remains vital. Extending the 80% Guarantee Product and principal moratorium gives small businesses breathing room, while HK$1.43 billion for the BUD Fund and the launch of the “Economic and Trade Express” will help local firms expand overseas.

Tourism also gets a refreshing lift. New initiatives like the yacht economy and WestK Quay accompany expanded offerings for Muslim and ASEAN visitors, with arrival into the city made smoother and more welcoming through a contactless immigration system.

Together, these policies form a strategically aligned framework that not only strengthens Hong Kong’s reputation as a business-friendly hub but also positions the city to compete more effectively in a rapidly evolving world. 

Patrick Yeung
ceo@chamber.org.hk