Source: Hong Kong Government special administrative region
Statistics of Payment Cards Issued in Hong Kong for Fourth Quarter 2025
The payment card statistics (see Annex) include quarterly data on credit and debit cards issued in Hong Kong under the credit and/or debit card schemes of the eight payment card scheme operators (Note 1). The HKMA began to publish the payment card statistics on a quarterly basis in June 2010 to enhance transparency of the payment card industry in Hong Kong, in line with international practice.
According to the quarterly statistics, the total number of credit cards in circulation (Note 2) was 28.99 million by the end of Q4/2025. The figure represents a 15.6 per cent increase from the previous quarter and a 38.4 per cent increase from the previous year. The number and value of credit card transactions (including retail sales and cash advances) (Note 3) are susceptible to seasonal factors and the general economic environment, making the trends more prone to fluctuation. The total number of credit card transactions was 393.96 million for Q4/2025, representing a 3.0 per cent increase from the previous quarter and a 16.1 per cent increase from the same period in 2024. The total value of credit card transactions was HK$311.6 billion for Q4/2025, representing a 9.1 per cent increase from the previous quarter and a 14.8 per cent increase from the same period in 2024. Of the total transaction value, HK$201.6 billion (64.7 per cent) was related to retail spending in Hong Kong, HK$100.3 billion (32.2 per cent) in retail spending overseas and HK$9.6 billion (3.1 per cent) in cash advances.
The total number of debit cards in circulation is not available due to overlapping of debit card brands in a single card. Like the number and value of credit card transactions, the number and value of debit card transactions in relation to retail sales and bills payments (Note 4) are also affected by seasonal factors. On a quarterly basis, the total number of debit card transactions in relation to retail sales and bills payments increased by 2.7 per cent to 53.7 million while the total value increased by 11.0 per cent to HK$69.6 billion in Q4/2025. When compared to the same period in 2024, the total number decreased by 3.2 per cent and the total value dropped by 4.6 per cent in Q4/2025.Issued at HKT 17:45
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CHP investigates local case of invasive meningococcal infection and continues to monitor outbreak in United Kingdom
Source: Hong Kong Government special administrative region
CHP investigates local case of invasive meningococcal infection and continues to monitor outbreak in United Kingdom
Information on latest local case
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The case involves a 3-year-old boy with good past health. He presented with a fever and vomiting on March 17. He was taken to the Accident and Emergency Department of Kwong Wah Hospital the following day (March 18) and admitted for treatment. He is currently in a serious condition. His blood and cerebrospinal fluid specimens tested positive for meningococcus upon laboratory testing. The clinical diagnosis is meningitis.
An initial investigation revealed that the patient had no travel history during the incubation period. His household contacts have remained asymptomatic so far. The CHP has prescribed preventive drugs to them, and the investigation is ongoing. Initial findings suggest that this is a sporadic case. There is no evidence suggesting an epidemiological linkage between this case and previously confirmed cases in Hong Kong or the recent outbreak in the UK.
Meningococcal infection is a statutory notifiable disease. The CHP has recorded four cases this year so far. A total of 11 cases were recorded last year.
Strengthening local preventive and control measures in response to outbreak in UK
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Over the past week, the CHP has been closely monitoring the outbreak of invasive meningococcal disease in Kent, the UK, and has requested further information from the UK health authority.
“According to the latest information, the number of infected cases in the UK continues to increase from 20 to 29 (as at 5pm on March 19, UK time), with two students having died. The cases primarily involve young people. Some of them are students at the University of Kent or individuals who visited a local nightclub called “Club Chemistry” between March 5 and 7. Although the CHP has not received notification from the UK health authority that the cluster or its close contacts involve students from Hong Kong, the CHP has prepared health information on invasive meningococcal disease and will distribute it to Hong Kong students in the UK through the Hong Kong Economic and Trade Office in London in due course. Regarding preventive and control measures at the immigration level, the CHP has stepped up health screenings at the airport for related inbound passengers showing suspected symptoms to facilitate prompt referral of suspected cases to hospitals for examinations. The CHP will also issue a letter to all doctors in Hong Kong, reminding them to be vigilant for symptoms of invasive meningococcal disease among patients returning from affected regions, and to provide professional advice on meningococcal vaccination based on the patient’s age, health status, and detailed travel history (including destination, duration of stay and activities). The CHP will continue to maintain close liaison with the UK health authority and take appropriate follow-up measures based on risk assessments to safeguard public health,” the Controller of the CHP, Dr Edwin Tsui, said.
Dr Tsui added that according to overseas literature, there is a higher risk of transmission or outbreak of meningococcal infection in crowded settings including university or staff dormitories. The Scientific Committee on Vaccine Preventable Diseases (SCVPD) under the CHP last year reviewed the local epidemiology of invasive meningococcal disease, the recommendations of the World Health Organization and overseas practices. In light of the very low invasive meningococcal disease incidence in Hong Kong, the SCVPD did not recommend introducing universal meningococcal vaccination into the Hong Kong Childhood Immunisation Programme from the public health perspective. However, the SCVPD recommended high-risk individuals, including long-term travellers and those studying abroad, receive meningococcal vaccinations per the recommendations by the health authorities in the destination country to safeguard personal health. With the Easter holidays approaching, overseas students may return to Hong Kong. Dr Tsui reminded members of the public to seek medical advice as soon as possible if they develop symptoms of meningococcal infection.
Preventive measures
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Meningococcal infection is caused by a bacterium known as meningococcus. It is mainly transmitted by direct contact with respiratory secretions, including droplets from the nose and throat, of infected persons. Severe illness may result when the bacteria invade the bloodstream (meningococcaemia) or the membranes that envelop the brain and spinal cord (meningococcal meningitis). Meningococcaemia is characterised by a sudden onset of fever, an intense headache, purpura, shock and even death in severe cases. Meningococcal meningitis is characterised by high fever, severe headache, stiff neck followed by drowsiness, vomiting, fear of bright light, or rash; it can cause brain damage or even death.
To prevent meningococcal infection, the CHP urged members of the public to take the following measures:
The public may visit the CHP’s websiteIssued at HKT 19:02
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Import of poultry meat and products from areas in Germany suspended
Source: Hong Kong Government special administrative region – 4
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (March 20) that in view of notifications from the World Organisation for Animal Health (WOAH) about outbreaks of highly pathogenic H5N1 avian influenza in the District of Dachau of the State of Bayern and the District of Kyffhäuserkreis of the State of Thüringen in Germany, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the above-mentioned areas with immediate effect to protect public health in Hong Kong.
A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 180 tonnes of frozen poultry meat from Germany last year.
“The CFS has contacted the German authority over the issues and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreaks. Appropriate action will be taken in response to the development of the situation,” the spokesman said.
Tuen Mun Hospital to conduct electrical infrastructure related works
Source: Hong Kong Government special administrative region
Tuen Mun Hospital to conduct electrical infrastructure related works
The spokesperson of the HA said, “This work is one of the necessary construction items within the extension project of the Operating Theatre Block at TMH, aimed at enhancing the stability of the hospital’s power supply in the long term, ensuring it meets the future development needs of hospital services. The remaining items of the extension project, including the reconstruction of the existing Accident and Emergency Department at TMH, will be fully operational within the year.”
The hospital has formulated a series of comprehensive contingency measures to address any potential impacts from the works. The HA has instructed the contractor to take necessary measures to ensure that TMH’s power supply is uninterrupted during the works. Communication has also been maintained with the Fire Services Department, the Home Affairs Department, the electricity company, and other stakeholders to ensure the smooth completion of the project.
Issued at HKT 18:00
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Inflation at 1.7% in Feb
Source: Hong Kong Information Services
Overall consumer prices rose 1.7% year on year in February, a larger increase than the 1.1% year-to-year rise recorded in January, the Census & Statistics Department announced today.
Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.6% in February, also larger than that seen in the previous month.
The Government attributed the increase mainly to higher charges for package tours and inbound and outbound transport fares during the Chinese New Year. The different timing of the festival – falling in January 2025 – also resulted in a lower base of comparison for February 2025.
Compared with January 2025, year-on-year increases in prices were recorded in the following categories: miscellaneous services; transport; electricity, gas and water; miscellaneous goods; alcoholic drinks and tobacco; housing; meals out and takeaway food; and basic food.
Meanwhile, year-on-year decreases were logged for clothing and footwear as well as durable goods.
The Government said that consumer price inflation stayed modest in early 2026, with price pressures on various major components remaining broadly in check.
Taking January and February together to remove the distortions caused by the different timing of the Chinese New Year in 2025 and 2026, the underlying composite consumer price index rose 1.3% from a year earlier, slightly higher than the 1.2% increase recorded in December.
However, as international oil prices have surged since the end of February amid heightened geopolitical tensions, import price pressures for specific fuel-related items have risen. The Government stated it is monitoring external developments closely and stands ready to respond as appropriate to safeguard price stability.
Going Global website launched
Source: Hong Kong Information Services
Invest Hong Kong announced the launch of the Task Force on Supporting Mainland Enterprises in Going Global’s thematic website today.
The website offers one-stop information and professional support for Mainland enterprises seeking to expand into overseas markets via Hong Kong and aims to assist them in making effective use of the city’s various international advantages in planning and implementing their go-global strategies and exploring new opportunities.
It also consolidates key information for Mainland enterprises going global, including the GoGlobal Task Force’s member list and support services; promotional events held by the Task Force on the Mainland and in Hong Kong; success stories of Mainland enterprises going global via Hong Kong; practical resources; and the first phase of the cross-sector professional services platform launched on the same day by the Hong Kong Trade Development Council.
As one of the new measures announced in the 2026-27 Budget, the platform brings together service providers from Hong Kong in eight major sectors – finance, legal, accounting, branding and marketing, logistics, communication technology, infrastructure and real estate, and testing and certification.
The platform will match Mainland enterprises with suitable Hong Kong service providers, offering one-stop professional support for their global expansion.
The list of service providers on the platform incorporates professional opinions from the Expert Committee on Professional Services for Going Global led by the Deputy Secretary for Justice, relevant members of the GoGlobal Task Force, professional bodies and industry organisations. It will be regularly updated as needed.
Secretary for Commerce & Economic Development Algernon Yau said that the cross-bureau, cross-departmental and cross-organisation GoGlobal Task Force, launched in October last year, serves as a one-stop platform and the best partner for Mainland enterprises to go global.
“We encourage Mainland enterprises to make good use of Hong Kong’s international advantages in finance, trade, professional services, innovation and technology, and talent to assist them in expanding their business in the global market,” Mr Yau said.
Deputy Secretary for Justice Cheung Kwok-kwan remarked that the Department of Justice (DoJ) earlier released the inaugural edition of the “Collection of Success Stories: Hong Kong’s Professional Services Supporting Chinese Mainland Enterprises Going Global” (bilingual in Chinese and English), which is available on the DoJ website.
The DoJ will prepare a list of Hong Kong legal professional services providers with detailed classifications of practice areas and publish the list on the GoGlobal Task Force’s thematic website, leveraging its one-stop service platform advantages to provide enterprises with comprehensive and accurate information.
Self-service applications expanded
Source: Hong Kong Information Services
The Immigration Department announced today that starting next Monday, Personal Documentation Submission Kiosks will provide expanded self-service options for Hong Kong identity card and Hong Kong Special Administrative Region passport replacements. The kiosks are located at the Immigration Headquarters in Tseung Kwan O.
From next Monday, the kiosks will accept replacement applications for lost identity cards from eligible persons aged 18 or above. No prior appointment is required.
The service will also extend to eligible Hong Kong SAR passport applicants aged 18 or above seeking replacements due to loss, damage, defacement or unavailability. These applicants may also use the kiosks without a booking.
Call 2824 6111 for enquiries.
President Lai presides over seventh meeting of Whole-of-Society Defense Resilience Committee
Source: Republic of China Taiwan
President Lai presides over seventh meeting of Whole-of-Society Defense Resilience Committee
On the afternoon of March 19, President Lai Ching-te presided over the seventh meeting of the Whole-of-Society Defense Resilience Committee. President Lai stated that this month marks the 30th anniversary of the institution of direct presidential elections in Taiwan. Over that time, he said, Taiwan has progressed further and further, its democracy has grown increasingly resilient, and the nation has become an indispensable partner to the world. The president stated that as the Chinese Communist Party (CCP)’s military ambitions keep growing, Taiwan must maintain peace through strength, and build strength through resilience. He indicated that the government has drawn up a proposal for an eight-year, NT$1.25 trillion special defense budget to protect our national security and spur an upgrading of our industries, but to accomplish this urgent work, a special act must be passed in the Legislative Yuan as soon as possible. The president expressed hope that the ruling and opposition parties will work together to move further ahead with national development. He emphasized that with the idea that “the more prepared we are, the safer we will be” at its core, the government will continue to boost whole-of-society defense resilience and lay a more solid foundation for a safer and more stable Taiwan.
A translation of President Lai’s opening statement follows:
Today, we are convening the seventh meeting of the Office of the President Whole-of-Society Defense Resilience Committee. This is the first time that the committee is meeting since the 2026 Lunar New Year.
Last year, Taiwan faced earthquakes and typhoons, and was struck by the especially serious Fata’an Creek barrier lake disaster. Besides working together to rebuild our homes and communities, we must also continue enhancing our whole-of-society defense resilience in order to increase Taiwan’s disaster preparedness and capacity for providing humanitarian aid.
In addition, Taiwan is a technology powerhouse whose capabilities in drones and other applications can serve as a key bridge for international cooperation.
Taiwan is willing and able to contribute even more to regional peace and prosperity through deepened exchanges and cooperation with other countries.
This month marks the 30th anniversary of the institution of direct presidential elections in Taiwan. This occasion reminds us that Taiwan’s democracy is quite young, and also reminds us how Taiwan, amidst the most challenging circumstances, built a democratic system of government that is now acclaimed the world over.
In 1996, as the people of Taiwan were preparing to take that key step in our transition to democracy by casting their votes in a direct presidential election, the CCP threatened us by conducting large-scale military exercises and missile tests. But the people of Taiwan did not back down. On the contrary, the voter turnout rate exceeded 76 percent for an election that marked an important milestone in our transition to democracy.
Over the past 30 years, Taiwan has progressed further and further, and our democracy has grown increasingly resilient. We have become an indispensable partner to the world. But what has not changed is the military ambitions of the CCP toward Taiwan. They have not abandoned their ambitions; on the contrary, those ambitions just keep growing. Taiwan must maintain peace through strength, and build strength through resilience. This is the way to defend the status quo and prevent disruption of the regional order.
To strengthen our national defense, the government has drawn up a proposal for an eight-year, NT$1.25 trillion special defense budget. This will be used to build the T-Dome, adopt AI as a means of improving our response capabilities, and develop our indigenous defense industries. Such measures will protect our national security, and can spur an upgrading of our industries.
The special defense budget has support from over 60 percent of the public across parties, and has been highly praised in the international community. However, to accomplish this urgent work, a special act must be passed in the Legislative Yuan as soon as possible.
I want to reiterate that we only have a nation insofar as we have sovereignty, and we only have peace insofar as we have strength. We cannot achieve these tasks unless the ruling and opposition parties work together. Political parties can compete, but with regard to matters of national defense – which have a bearing on national security, sovereignty, and our very survival – we need to maintain solidarity and show the world we stand together.
I hope that the ruling and opposition parties can set aside their prejudices and work together. That is the only way to achieve maximum well-being for our society and our people, and the only way to move further ahead with national development.
I also want to emphasize that the CCP’s military preparations are for the purpose of fulfilling its goals for authoritarian expansion. Our preparations, in contrast, are for the purpose of defending the peaceful status quo and ensuring our continued survival.
In vigorously pursuing the goal of whole-of-society defense resilience, our government seeks to gather together the power of the people and enable Taiwan to adopt peace as a core value, adopt democracy as a shared conviction, embrace freedom as a way of life, and demonstrate an unyielding determination to accelerate preparatory efforts in every part of society.
In today’s meeting, the Ministry of the Interior will brief the public on our plans to build regional disaster relief corridors through international collaboration, and the Executive Yuan will report on plans to enhance the readiness of our Central Joint Emergency Operation Center (CJEOC) to respond to extreme geopolitical risks. The National Security Council (NSC) will then report on the 2026 Urban Resilience Exercises scheduled to begin in April across 11 counties and cities. With this, we aim to impress upon our citizens that “the more prepared we are, the safer we will be,” which is the government’s core objective in pursuing whole-of-society defense resilience.
Finally, I want to again thank all the advisors and committee members, as well as our nation’s citizens, for all they have done to build a safer and more resilient Taiwan. We are able to progress with this work and implement one goal after another precisely because all of you are working hard together. We have laid a more solid foundation for a safer and more stable Taiwan.
Following his statement, President Lai heard a report on the progress of items listed in the sixth committee meeting and a report on building regional disaster relief corridors through international whole-of-society defense resilience collaboration by Minister of the Interior Liu Shyh-fang (劉世芳), who also serves as one of the committee’s executive secretaries; a report on the current preparations and promotion of the 2026 Urban Resilience Exercises by NSC Deputy Secretary-General Lin Fei-fan (林飛帆), who also serves as the committee’s deputy executive secretary; and a report on the CJEOC’s planned drills for the 2026 Urban Resilience Exercises by Minister without Portfolio of the Executive Yuan Chi Lien-cheng (季連成), who also serves as one of the committee’s executive secretaries. Afterward, President Lai exchanged views with the committee members regarding the content of the reports.
President Lai meets St. Vincent and the Grenadines Deputy Prime Minister St. Claire Leacock
Source: Republic of China Taiwan
President Lai meets St. Vincent and the Grenadines Deputy Prime Minister St. Claire Leacock
On the afternoon of March 18, President Lai Ching-te met with a delegation led by Deputy Prime Minister and Minister of National Security, Disaster Management, and Immigration of Saint Vincent and the Grenadines St. Claire Leacock and his wife. In remarks, President Lai stated that this year marks the 45th anniversary of diplomatic relations between Taiwan and St. Vincent and the Grenadines, and that over the years, the two have genuinely supported each other in weathering all kinds of challenges. The president said that Taiwan is honored to be St. Vincent and the Grenadines’ staunch partner in such fields as medicine, public health, agriculture, education, and information and communications technology (ICT), and that the two have built a comprehensive partnership. President Lai expressed hope that Taiwan and St. Vincent and the Grenadines will continue to deepen and broaden their diplomatic relations with the support of the new government.
A translation of President Lai’s remarks follows:
First, I extend a warm welcome to Deputy Prime Minister Leacock, Madame Leacock, and our esteemed guests. This is the first delegation to visit Taiwan from St. Vincent and the Grenadines since its new government was formed at the end of last year. We truly appreciate the importance your government places on our nations’ diplomatic ties. I would also ask that Deputy Prime Minister Leacock convey to Prime Minister Godwin Friday best wishes from Taiwan.
This year marks the 45th anniversary of our diplomatic relations. Over the years, we have genuinely supported each other in weathering all kinds of challenges. This deep friendship reminds me of your world-famous Caribbean rum, which gets better and better with age. Taiwan is honored to be St. Vincent and the Grenadines’ staunch partner in such fields as medicine, public health, agriculture, education, and ICT. Together, we have built a comprehensive partnership. We look forward to continuing to deepen and broaden our diplomatic relations with the support of your new government.
In education, Taiwan will continue to build bridges of friendship between our nations’ youth through such programs as the Taiwan Scholarship and the Taiwan Global Pathfinders Initiative and its Diplomatic Allies Inbound Track. In this way, the deep friendship we enjoy can be passed on from generation to generation. In terms of international exchanges, Taiwan is willing and able to contribute even more to the world. We look forward to St. Vincent and the Grenadines’ continued backing of Taiwan’s international participation. This will allow our countries to mutually support each other on the world stage as we join hands to tackle global issues.
In closing, I once again welcome all our distinguished guests to Taiwan. I understand that this is the entire group’s first time here. We hope that through this trip, you will be able to gain a deeper understanding of Taiwan. I have every confidence that going forward, we will continue to make friendship our bridge and collaboration our driving force as we mutually advance prosperity and development. I wish you all a fruitful and successful visit.
Deputy Prime Minister Leacock then delivered remarks, first extending greetings from new Governor General Stanley John, Prime Minister Friday, and Speaker of the House Ronnia Durham-Balcombe. He went on to say that the relationship between Taiwan and St. Vincent and the Grenadines goes beyond political friendship, as over 45 years we have sustained a fraternal relationship as that of a family.
The deputy prime minister indicated that before their visit, Prime Minister Friday had instructed the delegation to ensure that the bilateral relations we have constructed over many years continue to grow. Deputy Prime Minister Leacock also noted Taiwan’s success in helping their nation in education, agriculture, and social services, as well as in the construction of a new hospital, and expressed hope that Taiwan and St. Vincent and the Grenadines will work together to continue building bridges across both economic landscapes and social terrain to benefit both our peoples.
Deputy Prime Minister Leacock stated that Taiwan more than earns its keep in its contribution to humanity and to global peace and security, and that St. Vincent and the Grenadines will continue to speak up at international forums and stand shoulder to shoulder with Taiwan. He expressed confidence that our diplomatic relationship will continue to grow, and stated that in the way we hold hands, we will signal to the world that two island communities can, by themselves, make a difference to the world and to humanity.
The delegation was accompanied to the Presidential Office by St. Vincent and the Grenadines designated Ambassador Kenton X. Chance and his wife.
FS begins visit to Beijing
Source: Hong Kong Government special administrative region – 4
The Financial Secretary, Mr Paul Chan, began his visit to Beijing today (March 19).
The Director of the Hong Kong and Macao Work Office of the Communist Party of China Central Committee and the Hong Kong and Macao Affairs Office of the State Council, Mr Xia Baolong, met with Mr Chan and other officials this morning. Mr Xia said that when President Xi Jinping heard the Chief Executive’s report on the work of the Hong Kong Special Administrative Region (HKSAR) at the end of last year, President Xi stressed that Hong Kong and Macao should proactively align with the National 15th Five-Year Plan. Approved by the National People’s Congress, the 15th Five-Year Plan supports Hong Kong in consolidating and enhancing its competitive edge, facilitating Hong Kong’s better integration into and service of the overall national development. Mr Xia said he believed that the HKSAR Government will lead various sectors of the community to formulate the first Hong Kong’s five-year plan based on the practical situation, with a view to further consolidating and enhancing its status as an international financial, shipping and trade centre. This will accelerate its development as an international innovation and technology hub, injecting greater impetus for Hong Kong’s economic development.
Mr Chan thanked Mr Xia for his guidance and care for the HKSAR’s work on the economic and financial fronts. He reported to Mr Xia on the overall economic development and financial operations of Hong Kong, as well as the specific work of the HKSAR Government to fully align with the 15th Five-Year Plan under the leadership of the Chief Executive, including the progress in formulating Hong Kong’s first five-year plan at full speed. Mr Chan said that the HKSAR Government and different sectors will utilise Hong Kong’s unique advantages under the “one country, two systems” principle, actively reinforce the development of industries with clear advantages, and nurture emerging and future industries, grasping the vast opportunities offered by the 15th Five-Year Plan and contributing to the country’s high-quality development.
The meeting was attended by the Executive Deputy Director of the Hong Kong and Macao Work Office of the Central Committee of the Communist Party of China and the Hong Kong and Macao Affairs Office of the State Council, Mr Xu Qifang. The HKSAR Government’s Secretary for Financial Services and the Treasury, Mr Christopher Hui; the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Secretary for Innovation, Technology and Industry, Professor Sun Dong; the Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue; the Chairman of the Securities and Futures Commission (SFC), Dr Kelvin Wong; and the Chief Executive Officer of the SFC, Ms Julia Leung, also joined the meeting and reported on their respective areas of work.
Mr Chan also called on the Governor of the People’s Bank of China, Mr Pan Gongsheng, and the Chairman of the China Securities Regulatory Commission, Mr Wu Qing, this afternoon respectively to discuss the development of the financial market and regulatory co-operation. Mr Hui, Mr Yue, Dr Wong and Ms Leung also attended the meetings.
Mr Chan also attended a seminar on the 15th Five-Year Plan organised by the Hong Kong Trade Development Council and the Hong Kong Chamber of Commerce in China, and delivered a keynote speech. Mr Chan noted in his speech that Hong Kong has to proactively align with the 15th Five-Year Plan, leverage Hong Kong’s unique advantages of maintaining close connections with both the Mainland and the world under the principle of “one country, two systems” to serve the country’s needs, and create new opportunities of high-quality development for Hong Kong.
He pointed out that to align with the 15th Five-Year Plan, Hong Kong can focus on three key areas in economic development: First, contributing to building a modernised industrial system and accelerating high-level scientific and technological self-reliance of the country. Leveraging strong scientific research capabilities and a vibrant innovation and technology ecosystem, Hong Kong will actively empower various sectors and promote industrial upgrading through the dual engines of “AI+” and “Finance+”. He specifically mentioned that the Northern Metropolis, indicating that Hong Kong welcomes local, Mainland and overseas enterprises to participate in its development. The HKSAR Government has prepared preferential policy packages, considering to provide land, tax concessions and financial support, as well as adopt flexible co-operation models such as co-investment, in order to bring in frontier technology enterprises. The second area is supporting the country’s development in promoting high-level two-way opening up. Serving as a “super connector” and “super value-adder”, Hong Kong will provide comprehensive support for Mainland enterprises to go global and for foreign enterprises to enter the Mainland market. The HKSAR Government established last year the cross-organisation and cross-departmental Task Force on Supporting Mainland Enterprises in Going Global to offer one-stop services for enterprises. The third area is bringing together high-calibre talent from across the globe. Through various recruitment measures, the talent pool has been enriched. Since the end of 2022, nearly 600 000 applications under various talent admission schemes have been received, with close to 280 000 talents arriving in Hong Kong for work and development. Hong Kong welcomes more local, Mainland and overseas talent to share in its development opportunities and inject new impetus into its economy.
Mr Chan will continue his visit to Beijing tomorrow (March 20).