Full text of “The Chief Executive’s 2026 Policy Address” (8)

Source: Hong Kong Government special administrative region – 4

Chapter VII  Enhance Social Well-being

(A) Advance Quality Education and Nurture a Diversified Pool of Talent

269. Quality education is the strategic cornerstone for enhancing competitiveness as well as the core engine propelling Hong Kong’s rise as an international education hub and cradle for talent. The Government will expand the scope of the NMUT’s development; raise the quality of school education and student development; strengthen digital and values’ education at the kindergarten, primary and secondary levels; elevate the status of vocational and professional education and training; and adopt a systematic approach for strengthening the professional development of teachers.

Promote Digital and STEAM Education

270. To closely align with the National 15th Five-Year Plan on “advancing the digital transformation strategy for education”, the EDB will follow its Blueprint for Digital Education Development in Primary and Secondary Schools, promoting digital and STEAM²⁹ education, including:

(i) Roll out a free digital-education learning resource platform equipped with AI Large Language Models, while progressively extending the “AI Teaching Assistant” to more subjects to provide teaching support.
(ii) Review technology education in primary schools to optimise the interface of Information and Innovation Technology curricula between primary and secondary levels, and revise the senior secondary mathematics and science curricula.
(iii) Earmark funding under the Quality Education Fund to take forward digitalisation in kindergarten education administration, including enhancing digital equipment and AI tools of kindergartens, promoting technological ethics and digital literacy to parents, and providing training for teaching and administrative staff.

Enhance the Operating Standards of Schools

271. We will refine the Code of Practice for Private Schools and update the Private School List, improving the operation standards and transparency of private schools.

272. We will launch the “Confluence and Elevation – School Excellence Project” for publicly-funded schools in the 2026/27 school year. This will encourage and support mergers of suitable publicly-funded primary and secondary schools, consolidating resources and raising the quality of education.

Strengthen Support for Student Development

273. The EDB will develop a one-stop, self-directed learning portal for Chinese Language Education, organise territory-wide, English-speaking activities for students, provide opportunities for junior secondary students to learn other languages and encourage schools to arrange diversified activities for students to use the languages. The EDB will also collaborate with companies and higher education institutions to enhance the financial literacy of students.

Enhance Teachers’ Professional Development

274. We will amend the Education Ordinance to require a practising certificate as a prerequisite for teaching, to enhance teacher registration mechanism. We will also improve the teacher training framework, setting specific training requirements to raise the professional standards of teachers.

Advance the Development of Universities of Applied Sciences

275. In collaboration with the Alliance of Universities of Applied Sciences, we will conduct publicity work on vocational and professional education and training early in secondary schools, to promote diversified pathways for students. We will also deepen collaboration with the GBA to explore, among others, the provision of joint programmes, cross-boundary internship and research collaboration.

Training for Local Technical Experts

276. We will extend the provision of an additional monthly training allowance of $1,000 to registered apprentices for a period of two years in view of the persistent shortage of local technical professionals and to encourage more young people to undergo apprenticeship training.

Continuous Training for Construction Technology Talent

277. The Construction Industry Council (CIC) will continue to provide systematic training courses to upgrade manpower capabilities (especially frontline staff on construction sites) in construction technologies.

Strengthen Skills Training for All and Consolidate Local Training Resources

278. Upskill Hong Kong (upgrade of the Employees Retraining Board) will publish the first phase of a skill-based training framework in the first quarter of 2027. It will focus on sectors related to city operations, guide training bodies in developing corresponding courses and build skills’ learning pathways.

279. The Government will begin a review of the Continuing Education Fund with Upskill Hong Kong within the first year after the latter’s establishment to consolidate local training resources and increase efficiency.

(B) Foster the Development of Young People, Women, Families and a Harmonious Society

Create a Bright Future for Young People

280. Since the current-term Government announced the Youth Development Blueprint, more than 290 initiatives have been implemented. We will continue to support young people in broadening their international horizons and deepening their participation in the development of the GBA, so that they can better integrate into and serve the overall national development, and accumulate practical experience in emerging fields. They will then become a dynamic force contributing to the development of Hong Kong and our country.

Empower Youth to Go Global

281. The Home and Youth Affairs Bureau (HYAB) will launch an International Young Talent Exchange Base³⁰ this year to promote international exchanges and invite Youth Link members to participate. The HYAB and the Base will:

(i) Launch a new HYAB – United Nations Youth Leaders Internship Programme, offering internship placements in various United Nations agencies.
(ii) Sign co-operation agreements and set up regular exchange platforms with international organisations; make arrangements for young people to participate in large-scale international conferences to be held in Hong Kong and the Mainland.
(iii) Invite international experts and visiting guests to exchange views with young people who have participated in international exchanges and internships.
(iv) Continue to organise the Youth Development Summit, convening young people from around the world to exchange views with Hong Kong youth.

282. The Government will also explore more opportunities for young people to go global, including:

(i) Explore with the IOMed opportunities for more youth participation in related affairs.
(ii) Continue to support exchanges outside Hong Kong and expand campus cross-cultural exchanges. The Funding Scheme for Chinese Mainland and Global Engagement and Student Learning Experience has benefitted over 74 000 students over the past three academic years. Starting from the 2026/27 academic year, the UGC will inject $100 million into the Scheme to cover countries and regions along the B&R.
(iii) The EDB has allocated additional resources to support the Vocational Training Council in forming the 41-strong Hong Kong, China delegation to participate in the WorldSkills Competition. Hailed as the “Skills Olympics”, it will be held in September this year.

Open Up New Frontiers for Youth Development

283. The HYAB will deepen its support for young people in opening up new frontiers:

(i) Introduce a new thematic finance internship programme in the Mainland, allowing young people to undertake internships in large Mainland financial institution(s).
(ii) Launch thematic aerospace training activities in the Mainland for young people to gain a deeper understanding of the latest developments of our country’s aerospace technology and promote an interest in the field.
(iii) Increase thematic internship places relating to high-end scientific research at the Chinese Academy of Sciences, allowing more young people to take part in our country’s top-notch scientific research.
(iv) Launch new AI experiential activities to increase young people’s understanding of AI application and the industry.

284. We will strengthen support for young people to explore and pursue a career in new I&T disciplines:

(i) Introduce a young researcher category under the Innovation and Technology Support Programme.
(ii) The HKSTPC has expanded the Talent Foundry programme to provide training for local university students, researchers, career newcomers and professionals, focusing on AI+ and emerging technologies. Around 500 training opportunities are expected to be provided each year.
(iii) Continue to provide funding support for the HKPC to organise the Hong Kong Future Aerospace Technology Talents Training Programme for secondary students. Cyberport will also support I&T for young people through relevant programmes.

285. The HKHA will regularise the “Well Being · Start-Up 2.0” Programme, which provides rental concessions to encourage youth entrepreneurship. The programme will offer 15 shops and over 70 entrepreneurial opportunities, a sevenfold increase in scale compared to its pilot run. Referral efforts will also be stepped up to match promising projects with commercial partners.

“30 000 Youth Employment and Internship Programme”

286. The Government and the business sector will launch the two-year, “30 000 Youth Employment and Internship Programme” to facilitate youth employment and development, especially for those with limited or no work experience:

(i) The Government will mobilise the business sector, including major employer and trade associations, to provide an additional 10 000 full-time jobs lasting six months or more within a two-year period starting from the first quarter of 2027. The jobs will be open to young people newly entering the workforce, with the Government assuming part of the wages, i.e. $6,000 per month or up to one-third of the monthly salary, for six months.
(ii) The Government will expand the STEM Internship Scheme and enhance the HYAB Youth Start-up Internship Programme, providing more than 10 000 internship quotas within two years, with each intern receiving a subsidy of no less than $11,000.
(iii) In 2027 and 2028, the CIC and the Government will allocate funding to extend the on-the-job training subsidy scheme for professional graduates of relevant disciplines. A monthly salary subsidy of $5,000 will be provided for each graduate, offering a total of 10 000 training places over two years.
(iv) The FSDC will launch a two-year Financial Services Industry Youth Internship Programme together with industry, providing 1 000 youth internship placements related to financial services.

The Government will launch a “one-stop” dedicated webpage, making it easier for young people to access information about the programmes and apply for vacancies.

287. The Government will establish the “Youth Employment Link” online service portal to facilitate young people’s access to employment information and support services. It will also launch the Shanghai-Hong Kong Youth Employment Scheme.

Eleven Measures to Promote Fertility

288. The current-term Government has shifted from a non-interventionist approach to actively promoting fertility, working to create a conducive environment for childbearing. An array of measures for promoting fertility and assisting families in taking care of their children have been introduced.

289. Measures initiated to create a conducive environment for childbearing include: Newborn Baby Bonus of $20,000; a double child allowance for newborns; increasing the child allowance; raising the tax-deduction ceiling for mortgage loan interest and rents; an allocation priority scheme for PRH applicants; a Home Ownership Scheme flat selection priority scheme; increasing the number of child care centres (CCCs) and the Child Care Centre Parent Subsidy; enhancing after-school care service; improving the Neighbourhood Support Child Care Project; a tax deduction for assisted reproductive services; increasing the service quota for assisted reproductive service at public hospitals; removing the statutory storage periods of gametes and embryos for own use; promoting the Good Employer Charter; and encouraging family friendly employment practices.

290. To further promote a conducive environment for fertility, we will also introduce the following 11 measures under a multipronged approach:

(i) The $20,000, newborn baby bonus, which is due to expire on 24 October this year, will be extended for three years.
(ii) To encourage families to have more than one child, the newborn baby bonus for the second or subsequent child born today or after will be increased from $20,000 to $30,000 for three years.
(iii) If a taxpayer’s second child and subsequent children are born today or after, the tax allowance for them will be increased from $140,000 to $160,000, and the allowance may be claimed until they reach the age of 25 following established procedures. This will take effect from the year of assessment 2026/27.
(iv) The additional allowance for the first two years following childbirth for the aforesaid second and subsequent child will also be increased, from $140,000 to $160,000, effective from the year of assessment 2026/27.
(v) Eligible families (whose children are born today or after in Hong Kong, with either parent a Hong Kong permanent resident), having purchased a residential property from one year before to two years after the childbirth, are entitled to a stamp duty waiver capped at $20,000. The concession will take effect upon passage of the amendment bill.
(vi) Starting from the next Home Ownership Scheme sale exercise, the maximum mortgage loan-to-value ratio for White Form family applicants with newborns will be raised to 95%, to ease their down-payment burden.
(vii) The HA will increase the service quota for in-vitro fertilisation in phases over the next three years, by 300 treatment cycles to 1 900 treatment cycles per year.
(viii) The Primary Healthcare Commission (PHC Commission) will gradually extend its free pre-pregnancy, antenatal and postnatal classes to all District Health Centres (DHCs) and DHC Expresses. The Family Planning Association of Hong Kong will launch publicity this year to promote healthy fertility.
(ix) Following last year’s announcement to establish 15 new aided standalone CCCs, we will set up three more aided, standalone CCCs. These are expected to provide about 1 800 additional day-care service places by the end of 2030.
(x) The School-based After School Care Service Scheme will be regularised, starting from the 2027/28 school year and no quota will be imposed to continuously support families of primary school students with caretaking needs.
(xi) We will strengthen professional support for the After School Care Programme for Pre-primary Children, providing escort services and increasing service publicity.

Support Women’s Development

291. We will extend the “She Inspires” Mentorship Programme by three years to broaden the horizons of female university students and promote high-quality career development.

Support Ethnic Minorities

292. Support Service Centres for Ethnic Minorities (EMs) will:

(i) Set up an Elder Harmony Network next year to increase support for EM elderly persons, and strengthen collaboration between the existing EM Care Teams and District Services and Community Care Teams, so that more EM elderly persons can be reached and referred for assistance, as needed.
(ii) Under the new Success Counsel Programme, outstanding EMs will be arranged to share their experience, and EM youth will be encouraged to join the District Youth Committees through the Member Self-recommendation Scheme for Youth.

293. The Government will regularise the EM District Ambassador Pilot Scheme, which engages EMs or designated persons to provide support and publicise welfare services for EMs. In addition, EMs with higher education or professional qualifications will be invited to serve as social welfare volunteers.

294. We will adopt learning materials tailored for non-Chinese speaking (NCS) students, including the Youth Chinese Test and the Hanyu Shuiping Kaoshi Chinese Proficiency Test, and provide after-school Chinese language courses to NCS students from Primary One to Secondary Three. We will also provide suitable learning materials for NCS students.

Strengthen Training for Care Team Services

295. The establishment of Care Teams is an integral part of the current-term Government’s commitment to improving district governance structure. To enhance the service quality of Care Teams, the Government will deploy resources to enhance training for Care Teams covering practical skills such as emergency knowledge, communication skills and health support.

Deepen Collaboration and Exchange in Social Services with Mainland Counterparts

296. The LWB, together with Connecting Hearts, has fostered in-depth exchange and collaboration between the social welfare sectors in Hong Kong and the Mainland, and facilitated the launch of a total of 102 livelihood improvement projects between 46 Hong Kong social welfare organisations and 81 counterparts from other GBA cities.

²⁹Science, Technology, Engineering, the Arts and Mathematics.

³⁰It will include the Y Cube in Chai Wan, Youth Link · Nam Cheong, and the Youth Post in Kai Tak.

(To be continued.)

Full text of “The Chief Executive’s 2026 Policy Address” (7)

Source: Hong Kong Government special administrative region – 4

Chapter VI  Better Integrate into and Serve the Overall National Development

224. This year marks the opening year of the National 15th Five-Year Plan, and Hong Kong has announced its first Five-Year Plan to proactively align with the overall national development. The Government will continue its efforts in fostering synergistic development of the GBA. We will strengthen co-operation in technological innovation, promote “hard connectivity” in infrastructure, foster “soft connectivity” by deepening the alignment of rules and mechanisms, and achieve “connectivity of hearts” among residents of the three places. At the same time, we will speed up development of major co-operation platforms, deepen regional collaboration with the Mainland, promote complementarity among industries and mobility of innovation factors, while strengthening cultural, youth and professional exchanges. We will deepen international exchanges and co-operation, actively participating in the affairs of international organisations to promote Chinese standards and the B&R Initiative.

(A) Deepen the Development of the Guangdong-Hong Kong-Macao Greater Bay Area

Support the High-quality Development of Major Co-operation Platforms in Qianhai and Nansha

225. The Government will support the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone to achieve early pilot implementation. Through key projects already in place, Hong Kong’s modern service industry will establish a foothold in Qianhai to tap into Mainland markets. The projects include the Qualified Foreign Limited Partnerships (QFLP) mechanism; pilot projects adopting Hong Kong’s construction systems; the Qianhai Shenzhen Hong Kong Youth Innovation and Entrepreneur Hub; the Qianhai Mercantile Exchange; and a safe and convenient Shenzhen Hong Kong cross-boundary data channel as well as cross-boundary infrastructure initiatives such as the Hong Kong Shenzhen Western Rail Link.

226. The HKEX Technology (Shenzhen) Limited, established in Qianhai for years, has grown into one of the largest Hong Kong technology companies in Qianhai, with a talent pool of over 300 international fintech professionals. The company provides fintech support for the HKEX and its subsidiaries LME and Qianhai Mercantile Exchange, while serving as a crucial link aligning Mainland trading platforms with international fintech standards.

227. We will deepen Qianhai’s position as a liaison point, strengthening connections between Hong Kong’s legal and other professional services and go global enterprises in the GBA, so as to leverage Hong Kong’s professional services strengths to help enterprises “go global”.

228. The Government will support Nansha in its role as a high-standard gateway for opening up. This includes encouraging the trade to participate in Nansha’s infrastructure development and mutually beneficial supply chain co-operation; encouraging start-ups with advanced technologies to establish their presence in Nansha via the HKIC; building a green finance centre in the GBA with Nansha as a national pilot area for climate investment and financing. We will also engage shipping operators and higher education and research institutions in areas such as resource sharing, to foster a two way flow of talent and innovative resources.

229. To promote the co-ordinated development of rail transit in Guangdong, Hong Kong and Macao, we are pressing ahead with the Northern Link Project and the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai), with target commissioning in 2034 and 2035 respectively, to fully connect the rail transit networks of Hong Kong and Shenzhen.

Advance the Development of Dongguan Logistics Park

230. HKIA Dongguan Logistics Park’s Phase 1 facilities will officially begin operation next June, and the cargo-handling capacity will gradually reach one million tonnes a year.

231. To develop a cold chain hub, the Park established a designated supervision area this year for the import of overseas chilled aquatic products and fresh fruits to the GBA via Hong Kong, establishing a more efficient and convenient international cold-chain, air-cargo passage.

Jointly Develop a Sustainable Aviation Fuel Value Chain

232. To meet the country’s “dual carbon” targets and fulfil Hong Kong’s commitment to achieving carbon neutrality before 2050, we steered the establishment of a production base for SAF in Dongguan, leveraging the leading position of Hong Kong enterprises in the international SAF industry. By combining technology strengths with industrial foundation, Hong Kong and Guangdong will jointly develop a globally influential green industry.

233. The Government will take forward the construction of an SAF blending facility in Hong Kong to build an end-to-end SAF value chain and reduce logistics costs to make SAF prices more competitive. To achieve an SAF consumption ratio of 1% to 3% for flights departing from HKIA in 2030, as set out in Hong Kong’s first Five-Year Plan, the Government will study the establishment of a mechanism for mandatory SAF consumption ratio, and launch publicity and education campaigns by 2028, to create favourable conditions for attaining the consumption ratio.

234. The HKEX’s Core Climate is progressively exploring the possibility of offering green energy and other environmental equity products, including SAF Certificates and green hydrogen certificates, to the market. It will also look into appropriate options with industry stakeholders to better meet the needs of companies in respect of carbon emission reduction.

Participate in the Development of the Greater Bay Area Port Cluster

235. We will capitalise on the vast GBA market to expand high-value added maritime services such as marine insurance, maritime law (particularly contract formation and governance), arbitration, ship management and maritime financing. That will enhance Hong Kong’s pricing, rule-making and institutional discourse power in the international maritime service chain, empowering a world-class GBA port cluster.

236. Hong Kong Port can function as an international logistics and transhipment hub to achieve mutual benefits and the creation of value among GBA cities and ports. We will strengthen port collaboration with Huizhou, Dongguan and other GBA cities, facilitating the transit from rivers to seas in the GBA. We will also improve our feeder network and explore the application of smart feeders to improve transportation efficiency and reduce costs. This will encourage the export of GBA cargo through Hong Kong and the convergence of Central and South American shipping routes in Hong Kong.

Foster Financial Development in the Greater Bay Area

237. Hong Kong will continue to capitalise on institutional innovation, financial infrastructure upgrading and enhanced regulatory alignment to encourage the orderly flow of financial elements among GBA cities:

(i) The HKEX’s Core Climate, in collaboration with the Guangzhou Power Exchange Centre, is working towards the pilot trading of national renewable-energy, green electricity certificates (GECs) in Hong Kong in 2026. It encourages the use of such GECs by Hong Kong institutions as a compliant tool to offset electricity-related carbon emissions, supporting the country in expanding GEC applications outside the Mainland.

(ii) Discussions with the relevant Mainland authorities on enhancements to the Cross-boundary Wealth Management Connect Scheme in the GBA are ongoing.

(iii) Enhancements to cross-boundary credit referencing and Shenzhen-Hong Kong cross-boundary data-validation platforms, including their coverage and workflow, are being considered. We will develop a new cross-boundary data-validation platform with Chongqing to promote cross-boundary financing for enterprises and individuals with Chongqing.

Foster New Industrialisation Collaboration in the Greater Bay Area

238. Under the co-ordination of the MIIT, the Government will discuss action plans for promoting new industrialisation with Guangdong authorities. We will also sign, under the principle of “co-operation in R&D, collaborative transformation, and sharing of the benefits of development”, an MoU with the Shenzhen Municipality, to promote the establishment of industrial innovation platforms and formulate mechanisms and models to achieve industry chain synergy for emerging and future industries.

Co-ordinate the Work of Bureaux for the Alignment of Rules and Mechanisms within the Greater Bay Area

239. We will set up a Task Force on Expediting the Alignment of Rules and Mechanisms in Guangdong, Hong Kong and Macao, where the Deputy Secretary for Justice will co-ordinate with relevant bureaux to explore ways to advance the alignment of rules and mechanisms within the GBA.

Deepen the Construction of Rule of Law in the Greater Bay Area

240. The DoJ will explore pathways to promote the formulation of the GBA model arbitration rules to improve the competitiveness of arbitration services in the GBA. It will also support and complement Mainland authorities’ implementation work of the regularisation of the GBA Lawyers’ Scheme for GBA lawyers to leverage their unique strengths.

Develop a Multi-trade Integrated Mechanical, Electrical and Plumbing Industry Chain in the Greater Bay Area

241. By combining the respective strengths of Hong Kong in MiC and the production of module assemblies of electrical and mechanical installations in the GBA, the Government will publish a Cross-boundary Trading Guidebook on MiMEP in collaboration with relevant Mainland authorities in the first half of 2027. The guidebook will consolidate information, including requirements regarding customs and excise, tax and industry regulations, to facilitate cross-boundary business development and promote the development of related industry chains in the GBA.

Enhance Greater Bay Area Standards for Construction Talent

242. Through ongoing collaboration with Guangdong Province and Macao, the Government last year established GBA skill standards for painters and bricklayers, as well as the civil engineering works supervisors’ technician position. The “One Examination, Multiple Certification” arrangement was implemented to foster co-operation among GBA construction-training institutions for training quality enhancement. The Government plans to publish another three GBA skill standards for the respective trades of skilled workers and technician positions, and implement the corresponding “One Examination, Multiple Certification” arrangement this year.

Strengthen Co-operation between Higher Education Institutions in Hong Kong and other Greater Bay Area Cities

243. The eight UGC funded universities of Hong Kong have all established industry-education-research bases, research institutes or scientific research laboratories in Shenzhen. Four of them have established campuses in the Mainland cities of the GBA. On the 10th anniversary of the Guangdong-Hong Kong-Macao University Alliance, the Government will continue to improve the mechanism for establishing alliances between higher education institutions in Hong Kong and the Mainland, deepening co-operation among member institutions in technological innovation and talent exchange.

(B) Deepen Regional Co-operation with the Mainland

Improve and Facilitate Hong Kong Residents’ Development and Living in the Mainland

244. The Government continues to expand the Residential Care Services Scheme in Guangdong to more Mainland cities of the GBA, providing more care home choices for Hong Kong’s elderly persons.

245. The Government will make focused efforts to facilitate cross-boundary payments and safeguard people’s livelihood:

(i) The HKMA will foster the linkage of the Faster Payment System with UnionPay (which, together with its partner payment networks, covers over 100 million merchants worldwide) to facilitate local and cross-boundary retail payments among users.

(ii) The HKMA will explore the feasibility of further expanding the user base of Payment Connect and developing more use cases to facilitate cross-boundary living, working and retirement for residents of both sides.

(iii) Since the third quarter, the HKMC Annuity Limited has allowed HKMC Annuity Plan policy holders to receive annuity income directly through designated Mainland bank accounts.

Facilitate Cross-boundary Transport Development

246. In light of the implementation situation, the governments of Guangdong and the HKSAR will improve the travel booking and renewal arrangements of “Northbound Travel for Hong Kong Vehicles”, and will steadily expand “Southbound Travel for Guangdong Vehicles” to all Guangdong Province cities.

Enhance the Cross-boundary Service of Judicial Documents

247. The Government is implementing the new service arrangement signed with the Supreme People’s Court to enhance the modes and efficiency for cross-boundary service of judicial documents between the Mainland and Hong Kong, resolving the challenges in effecting service under the existing arrangement for better protection of the rights and interests of parties in the two places.

Establish Medical Service Centres in accordance with National Standards

248. Following the establishment of the Chest Pain Centres and Stroke Centres after securing accreditation under national standards, the HA will further establish Integrated Cardiovascular Diseases Centres in accordance with national standards. This includes the setting up of a heart failure centre and a cardiac rehabilitation centre under the Hong Kong Island Cluster, as well as optimising the overall treatment processes and service network for patients suffering from general chest pain and other cardiovascular diseases. The centres will improve patients’ consultation experience and enhance clinical treatment. They will also help promote national medical accreditation as an international standard.

Hydrogen Standards

249. The Electrical and Mechanical Services Department (EMSD) has joined the National Standards expert groups to participate in the drafting of Guobiao (GB) standards for hydrogen. By aligning the standards of Hong Kong and the Mainland and promoting the co-ordinated development of hydrogen supply chains, technologies and safety standards, we will enable the application of GB standards in Hong Kong, showcasing our country’s expertise in hydrogen to the international community.

250. The Government is developing a “Green Hydrogen Standard Certification Scheme” that aligns with international standards to certify the greenhouse gas emission performance of hydrogen products, connecting hydrogen projects with global green financing. The EMSD has begun the second phase of the study. Pilot projects in collaboration with major hydrogen enterprises will be launched in Hong Kong and the Mainland this year. The target is to implement a certification scheme recognised by the Mainland and the international community next year.

(C) Deepen International Co-operation and Exchanges

Build an International Exchange Platform

251. The Government will spare no effort in arranging and organising the Asia-Pacific Economic Co-operation Finance Ministers’ Meeting to be held in the HKSAR in October. We will continue to organise the Asian Financial Forum, the Wealth for Good in Hong Kong Summit, the Global Financial Leaders’ Investment Summit, Hong Kong Fintech Week, etc to establish Hong Kong as a global platform for high-quality financial dialogue.

252. The DEVB will again host the International Infrastructure and Projects Leaders Summit in November, showcasing Hong Kong and the Mainland’s advanced construction technologies. This will help competitive construction industry players in both places go global.

Attract More International Organisations to Establish a Presence in Hong Kong

253. The United Nations Industrial Development Organization (UNIDO), following a comprehensive assessment of 173 member states and regions, chose to establish in Hong Kong its first centre of excellence on global advanced manufacturing in the Asia-Pacific region. It is expected to begin operation in the second quarter of next year, demonstrating Hong Kong’s strengths in the field. With a focus on AI+ manufacturing, robotics, new energy and industrial design, the centre will promote technology exchange, alignment of standards and talent training between the Mainland and overseas counterparts. It will also seek to host influential global events attracting leading enterprises as well as higher education and scientific research institutions, developing Hong Kong into a global hub for resource exchange and integration in advanced manufacturing.

254. The Government will deepen its co-operation with the International Chamber of Commerce (ICC)²⁶ in raising Hong Kong’s status as a maker of international financial rules and persuading more international financial institutions to establish their presence in Hong Kong.

255. With the support of the country, the Independent Commission Against Corruption (ICAC) has successfully pushed forward the establishment of the United Nations Office on Drugs and Crime’s GlobE Network Asia Pacific Regional Bureau in Hong Kong. This will consolidate Hong Kong’s position as an international anti-corruption hub. Preparations are underway.

Establish the Hong Kong International Academy of Policing

256. The Hong Kong Police Force (HKPF) will establish the Hong Kong International Academy of Policing in November. Dedicated to organising international hallmark training programmes, police leadership forums and overseas outreach training programmes, the Academy will deepen international police exchanges, reinforcing the HKPF’s brand as “Asia’s Finest”.

Establish a World Health Organization accredited Emergency Medical Team

257. The HHB is working with the HA and co-ordinating the efforts of the relevant government departments to establish an Emergency Medical Team, and plans to apply to the World Health Organization next year for accreditation. This will promote Hong Kong’s participation in and contribution to major global emergency medical rescues.

Boost the Global Influence of the Innovation and Technology Sector

258. In support of the country’s Global AI Governance Initiative, the Government will organise a large-scale international AI conference in Hong Kong to promote open source and openness as well as co-operation and sharing, and to foster synergistic development of AI innovation and applications.

259. The ITC has launched the Special Call on Academic Journals and will soon announce the vetting results to support local universities and professional organisations in publishing internationally influential academic journals. It will also encourage them to continue their efforts to host international academic and professional conferences, raising Hong Kong’s international influence in the technology field.

Attract Asian and International Sports Associations to Establish a Presence in Hong Kong

260. To strengthen Hong Kong’s influence in the international sports arena, a pilot scheme was launched earlier this year to provide financial support for local national sports associations (NSAs) to participate in the work of Asian and international sports associations, as well as to attract Asian and international sports associations to establish a presence in Hong Kong. To date, four associations have set up their headquarters or regional headquarters in Hong Kong²⁷.

Consolidate Hong Kong’s Position as an Asia-Pacific Broadcasting Hub

261. Hong Kong is a broadcasting hub in the Asia-Pacific region. To promote the sustainable development of the local television broadcasting industry, the Government will review the Generic Codes of Practice for Television. We aim to ensure that regulation keeps pace with the times, and that diversified and quality programmes are broadcast, expanding the reach of the “Hong Kong Brand” to the Asia Pacific region.

(D) Pursue Co-operation under the Belt and Road Initiative

262. The HKSAR Government will continue to deepen international exchange and co-operation, and participate in high-quality co-operation under the B&R Initiative. With the “five areas of connectivity” as the focus of co-operation, the Government will promote diverse, comprehensive and pragmatic co-operation and support community organisations in broadening international exchange networks, to achieve extensive consultation, joint contribution and shared benefits.

263. I led a high-level business delegation to the Middle East in May last year and another to Central Asia in June this year. Both were successful in tapping into the respective markets, and a number of projects have since materialised. We will continue to organise business delegations to visit potential B&R markets, seizing new opportunities for enterprises and the professional services sector.

264. The Belt and Road Office has reached out to B&R countries over the past year, building a database of infrastructure projects for Hong Kong companies looking to participate in such projects. We will step up promotion of the “Hong Kong–Overseas Projects Platform” to help Hong Kong companies participate in signature and “small and beautiful” projects in B&R regions, while promoting Hong Kong’s services and standards.

265. We will also strengthen Hong Kong’s B&R Capacity Building Platforms, by co-ordinating and promoting capacity-building programmes offered by public organisations and institutions in Hong Kong. We will continue to host the B&R Summit²⁸ and elevate it to serve as an important platform for economic and trade co-operation to realise more deliverables.

266. To align with the green and high-quality development of the B&R Initiative, the Government:

(i) Will launch the Green Technology Bridgehead Programme to bring together Mainland and overseas technology companies that use Hong Kong as a springboard for “going global” or “landing” in the Mainland. By showcasing green solutions and technology applications through EcoPark, and taking advantage of Hong Kong’s legal, financial and environmental expertise, these companies can export green solutions to B&R countries.

(ii) Has signed an agreement with the Ministry of Ecology and Environment to set up the B&R Green Development Co-operation platform. By connecting with the B&R Initiative International Green Development Coalition, it will facilitate technology exchange and co-operation along the B&R. The EPD has also set up a B&R sustainable green development training centre to provide high level training for personnel from the B&R countries.

(iii) Will organise the B&R Green Innovation Conference with the Ministry of Ecology and Environment for the first time in Hong Kong in October. About 260 officials and experts from the Mainland and B&R countries will explore green technological innovation and opportunities for collaboration.

267. The HKEX’s Core Climate is expanding co-operation with Brazil, Malaysia and Kazakhstan, and encouraging the carbon markets of B&R countries/regions to make better use of Hong Kong’s professional strengths in finance and standard setting to align themselves with the international carbon market. It is also working on a pilot implementation of cross-border carbon trading to generate successful cases.

268. The Government’s B&R Scholarship attracts outstanding students from B&R countries to pursue their studies in Hong Kong. It has benefitted students from 57 countries as of the 2025/26 academic year. We will increase the annual quota of the scholarships to 200 places, starting from the 2027/28 academic year.

²⁶ICC is the largest and the most iconic business organisation in the world, playing a leading role in the making of international trading and financial rules.

²⁷The Asian Bowling Federation, Asian Squash Federation, International Shuttlecock Federation and International Dragon Boat Federation have set up headquarters in Hong Kong.

²⁸The B&R Summit is a flagship event for Hong Kong’s participation in and contribution to the B&R Initiative.

(To be continued.)

Policy Address: A Strategic Vision for a Bright New Era, Driving Reform and Boosting Development, Unleashing Opportunities and Enhancing Livelihood

Source: Hong Kong Government special administrative region

     The Chief Executive, Mr John Lee, today (September 16) announced his fifth Policy Address entitled “A Strategic Vision for a Bright New Era, Driving Reform and Boosting Development, Unleashing Opportunities and Enhancing Livelihood”, taking the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan) as its blueprint, putting forward a series of measures to create development opportunities and enhance the well-being of the people.

     “This year marks the opening year of the National 15th Five-Year Plan. The Hong Kong Special Administrative Region (HKSAR) Government has formulated our first Five-Year Plan to proactively align with the National 15th Five-Year Plan, seizing opportunities for development while better integrating into and serving the overall national development. In the thick of accelerating global changes not seen in a century, the vibrant momentum driven by our country’s robust strength, enormous market and high-quality development presents Hong Kong with boundless opportunities. We will better develop our economy and boost social well-being, starting a bright new chapter for Hong Kong,” Mr Lee said.

Convenor of ExCo Non-official Members speaks on Hong Kong’s First Five-Year Plan and Policy Address

Source: Hong Kong Government special administrative region

Convenor of ExCo Non-official Members speaks on Hong Kong’s First Five-Year Plan and Policy Address 
Reporter: What do you make of the two documents, and how would they allow Hong Kong to align as well as further support the nation’s strategic development?
 
Convenor of ExCo Non-official Members: Hong Kong’s First Five-Year plan is a document that outlines the strategic vision and macro directions for Hong Kong’s future development. The Chief Executive’s Policy Address sets out the measures that will implement this vision in detail. The two documents are closely interlinked. Together, they will help bring Hong Kong’s economy and society forward.

(Please also refer to the Chinese portion of the remarks.)
Issued at HKT 17:42

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Communications Authority welcomes Hong Kong’s First Five-Year Plan and the Chief Executive’s 2026 Policy Address

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Communications Authority:

     The Communications Authority (CA) welcomed the various policy initiatives announced in the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan) and the Chief Executive’s 2026 Policy Address (the Policy Address) delivered today (September 16). These policy initiatives will accelerate communications technology development and secure a healthy and sustainable growth of the domestic television industry.
 
     The Chairman of the CA, Mr Jenkin Suen, said, “To proactively align with the National 15th Five-Year Plan in accelerating the development of next-generation information technology and fostering the growth of emerging and future industries, Hong Kong’s First Five-Year Plan has included the promotion of the development of 6G network in the Guangdong-Hong Kong-Macao Greater Bay Area and the construction and upgrading of new communications infrastructure. The CA will fully support the Government in implementing these measures, and facilitate the development of the communications industry to align with the initiatives in promoting 6G applications, technology advancement, and spectrum planning announced in the Policy Address. On the other hand, the CA will support the Government’s arrangements for streamlining the vetting of low earth orbit satellite licence applications. By actively providing application support to operators, these measures will reinforce Hong Kong’s position as a communications hub.”
 
     On the broadcasting front, Mr Suen stated that Hong Kong’s First Five-Year Plan mentioned strengthening the global reach of the mainstream media to align with the measures in the National 15th Five-Year Plan to further the development of broadcasting, film, television and related sectors. The CA would continue to provide a facilitating environment that keeps pace with the times for the broadcasting industry. In line with the policy direction of removing barriers and restrictions outlined in the Policy Address, the CA will conduct a consultation on amendments to the Generic Codes of Practice for Television, with a view to enhancing the competitiveness and long-term, healthy development of the domestic television industry.
 
     Mr Suen added, “Communications technology is an important pillar of Hong Kong’s economic and social development. The CA will, in close collaboration with the industry and relevant stakeholders, endeavour to fully implement the various policy initiatives.”

University Grants Committee welcomes Hong Kong’s First Five-Year Plan and the Chief Executive’s 2026 Policy Address

Source: Hong Kong Government special administrative region

The following is issued on behalf of the University Grants Committee:

     The Chairman of the University Grants Committee (UGC), Mr Tim Lui, today (September 16) welcomed the announcement of the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan), as well as the initiatives concerning higher education, talent development, and research and innovation set out in the Chief Executive’s 2026 Policy Address.

Red flag lowered at Trio Beach

Source: Hong Kong Government special administrative region – 4

Attention TV/radio announcers:

Please broadcast the following as soon as possible:

     Here is an item of interest to swimmers.

     The Leisure and Cultural Services Department announced today (September 16) that the Environmental Protection Department has classified the water quality at Trio Beach in Sai Kung District as Grade 1, which means that the water quality has improved and the beach is suitable for swimming. The red flag has been lowered.

     The red flag was hoisted at the beach earlier due to the water quality being classified as Grade 4 and unsuitable for swimming.

Youth Development Commission welcomes strategies and initiatives on youth development announced in Hong Kong’s First Five-Year Plan and the Chief Executive’s 2026 Policy Address

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Youth Development Commission:
 
     The Youth Development Commission (YDC) warmly welcomed the strategies and policy initiatives on supporting youth development in the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan) and the Chief Executive’s 2026 Policy Address (the Policy Address) delivered by the Chief Executive, Mr John Lee, today (September 16).
 
     The Vice-Chairman of the YDC, Mr Kenneth Leung, said, “Both Hong Kong’s First Five-Year Plan and the Policy Address attach great importance to youth development with clear directions and pragmatic measures. I fully agree with the Hong Kong Special Administrative Region Government’s emphasis in Hong Kong’s First Five-Year Plan on enhancing youth development opportunities and supporting young people in pursuing their dreams, with a stepped-up focus on youth exchanges, internships, employment and entrepreneurship, and on nurturing talent who can serve the needs of our country and leverage the strengths of Hong Kong. Through a wide variety of activities, we strive to inspire young people to unleash their potential, pass on the spirit of loving our country and Hong Kong, and activate international youth exchanges and collaboration.”
 
     He expressed support for the series of youth development measures introduced by the Chief Executive in the Policy Address. He added, “The youth development measures put forward in the Policy Address are very comprehensive. These comprise, on the one hand, the establishment of the ‘International Youth Talent Exchange Bases’ and the strengthening of co-operation with international organisations such as the United Nations and the International Organization for Mediation, thereby empowering young people to go global; while on the other hand, the expansion of youth internships and training activities in key areas such as finance, aerospace technology, high-end scientific research and AI, as well as the enhancement of the ‘HYAB Youth Start-up Internship Programme’. I also welcome the Government’s efforts in deepening youth patriotic education and its continued support for young people in broadening their international perspectives, participating deeply in the development of the Greater Bay Area, and better integrating into and serving the overall national development.”
 
     He said he appreciated the Government listening attentively and accepting suggestions raised by members of the YDC. He said that the YDC would continue to work proactively and closely with the Government and different sectors of society to follow up on the implementation of relevant policy initiatives in Hong Kong’s First Five-Year Plan, the Policy Address and the Youth Development Blueprint to promote youth development on all fronts.
 
     Chaired by the Chief Secretary for Administration, Mr Chan Kwok-ki, the YDC strives to enhance policy co-ordination within the Government for promoting youth development and enable a more holistic and effective examination of and discussion on issues of concern to young people. Since its establishment, the YDC has implemented a wide spectrum of programmes to promote youth exchanges, internships, entrepreneurship, life planning, positive thinking and more. It has also actively supported the Government in formulating and implementing the Youth Development Blueprint to nurture a new generation of young people with an affection for the country and Hong Kong, and are equipped with a global perspective, an aspiring mindset and positive thinking.

Hong Kong maintains third place globally in Global Financial Centres Index

Source: Hong Kong Government special administrative region

Hong Kong maintains third place globally in Global Financial Centres Index      
     A Government spokesman said, “The report strongly reaffirms Hong Kong’s leading position and strengths as an international financial centre. Hong Kong continued to rank first globally in fintech offerings. The city also ranked high in the five areas of competitiveness. Among them, Hong Kong’s ranking in ‘financial sector development’ rose to first place worldwide. While remaining second in rank for the area of ‘human capital’, Hong Kong’s ranking in ‘business environment’ and ‘infrastructure’ also rose to second place. In addition, in the assessment by practitioners in various financial industry sectors, Hong Kong continued to achieve outstanding performance. In particular, Hong Kong’s ranking in the ‘investment management’ sector rose to first place worldwide. Hong Kong continued to top the global ranking in the ‘insurance’ and ‘finance’ sectors.”
      
     The Government spokesman added, “Under the complex and volatile geopolitical situation, Hong Kong will continue to play its role as a ‘super connector’ and ‘super value-adder’ by leveraging our unique advantages in connectivity, internationalisation, diversity and inclusiveness under the ‘one country, two systems’ principle, striving to create a stable and secure investment environment for global investors to meet their growing demand for diversified asset allocation.
      
     “The First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan) promulgated by the Chief Executive today sets out the forward-looking, strategic and directional guiding blueprint for Hong Kong’s economic and social development over the next five years. On finance, we will adhere to the principle of seeking growth through stability and in turn reinforcing stability through growth to expand our existing financial advantages, including financing, risk management, asset management, etc. Meanwhile, we will also take forward ‘Finance+’ to amplify the advantages and radiating capability of finance, thereby empowering the development of various sectors, serving the real economy, benefiting society and the public, and further consolidating Hong Kong’s status as an international financial centre. The Chief Executive’s 2026 Policy Address has also formulated various financial policy measures to pragmatically implement the blueprint set out in Hong Kong’s First Five-Year Plan, promoting Hong Kong’s financial development on all fronts.
      
     “We will further enhance the competitiveness of the securities market by continuously refining the listing regime and trading mechanism, including supporting more Mainland and overseas enterprises to come to Hong Kong for listing and financing, improving market efficiency, and implementing the uncertificated securities market regime, etc. We will also strive to further enhance the mutual market access mechanism between Hong Kong and the Mainland. This will provide investors broader and more diversified investment channels, while deepening the connectivity and co-ordinated development of the two capital markets.
      
     “As a global offshore Renminbi (RMB) business hub, Hong Kong will continue to leverage its unique strengths and proactively align with national development strategies, promoting more measures on better using offshore RMB. These include exploring with the People’s Bank of China ways to optimise the currency swap agreement arrangements, making full use of the enhanced RMB Business Facility implemented in July this year, expanding direct exchange arrangements between offshore RMB and other currencies, and enriching RMB products, with a view to enhancing the radiating capability of offshore RMB and serving the real economy better.
      
     “This year, the Asian Infrastructure Investment Bank will set up an office in Hong Kong that serves both its financing and operational functions, reflecting the bank’s confidence in Hong Kong’s strengths as an international financial centre. Hong Kong’s vibrant capital markets, diversified financial products, and high-quality professional services will effectively support the bank’s operations in financing, bond issuance, and financial management, among others.
      
     “Hong Kong is committed to building a commodity trading ecosystem, with gold trading as an entry point. We have a comprehensive plan to build a gold ecosystem in the Asian time zone and align with major international gold trading centres in the long run. The trial operation of Hong Kong’s gold central clearing and settlement system has commenced, and we are also working at full steam to implement a series of measures to promote physical delivery, develop investment products, derivative products and risk management tools, provide tax concessions, and deepen connectivity with the Mainland gold market, thereby enhancing Hong Kong’s status as an international gold trading, clearing and reserve hub.
      
     “Hong Kong is a world-leading cross-boundary wealth management centre. For the year 2025, assets under management jumped 20 per cent year-on-year to a record high of HK$42.2 trillion, and net fund inflow coming into Hong Kong almost tripled year-on-year to HK$2.1 trillion. The Government has introduced a Bill into the Legislative Council in June this year in order to further enhance the competitiveness of the preferential tax regimes for the asset and wealth management industry, with a view to attracting more funds and family offices to establish a presence in Hong Kong, and more global capital to be managed in Hong Kong. We will continue to take a multipronged approach to consolidate Hong Kong’s functions as an international asset and wealth management centre.
      
     “Hong Kong continued to rank first globally in fintech offerings, fully reflecting that the Government’s continuous and proactive development strategies in promoting fintech and digital assets have been highly effective. The regime for stablecoin issuers was implemented in August last year. Following the issuance of the first batch of licences this April, the first regulated stablecoin in Hong Kong was already launched in August. We are formulating the legislative proposals regarding the licensing regimes for virtual asset dealing, custodian, advisory and management services to establish a comprehensive regulatory framework, with a view to developing Hong Kong as a global digital asset innovation centre. We target to introduce the relevant bill into the Legislative Council within this year.
      
     “On green and sustainable finance, Hong Kong was confirmed last year by the International Financial Reporting Standards Foundation as among the initial set of jurisdictions having set a target of fully adopting the International Financial Reporting Standards – Sustainability Disclosure Standards. A Hong Kong-based Green Accelerator participated by Mainland and international multilateral financial institutions was just launched earlier this month. The Accelerator will provide incubation, acceleration, and empowerment services for green projects in Belt and Road regions, and serve as an innovative demonstration of Hong Kong’s green finance-related services.”
      
     The GFCI Report has been released every March and September since 2007. In GFCI 40, 117 financial centres were assessed, and Hong Kong ranked third globally with an overall rating of 756.
Issued at HKT 15:00

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Non-local student jailed for obtaining services by deception

Source: Hong Kong Government special administrative region

Non-local student jailed for obtaining services by deception 
      The defendant was intercepted by ImmD staff upon her arrival via Hong Kong International Airport in November last year. The defendant admitted under caution that she had never attended the reported overseas university. She had paid RMB500,000 to an agent to apply for the master’s programme and entry permit. The defendant also stated that she applied to the ImmD for the entry permit and attended the programme despite being fully aware that the reported academic qualification was false.
 
      The defendant was subsequently charged with one count of obtaining services by deception. She pleaded guilty to the charge at the Kwun Tong Magistrates’ Courts earlier and was sentenced to two months’ imprisonment today.
 
      “Under the laws of Hong Kong, any person who makes or causes to be made a false statement to an Immigration officer commits an offence. Offenders are liable to prosecution and, upon conviction, subject to the maximum penalty of a fine of $150,000 and imprisonment for 14 years. Aiders and abettors are also liable to prosecution and penalties. Under the Theft Ordinance, a person who by any deception dishonestly obtains services from another shall be guilty of an offence and shall be liable, upon conviction, to the maximum penalty of imprisonment for 10 years” an ImmD spokesman said.
 
      The ImmD urges applicants not to defy the law or be misled into believing that study or residence can be obtained by fraudulent means or false information. The ImmD reiterates that if any person is found to have obtained their student visa/permit or residence status in Hong Kong by fraudulent means, such visa or residence status will be declared invalid according to the laws of Hong Kong, and they will be subject to criminal liability. They will also be subject to removal back to their place of origin.
Issued at HKT 14:45

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