Source: Hong Kong Government special administrative region
CE holds engagement sessions with HKSAR deputies to NPC and HKSAR members of National Committee of CPPCC
Mr Lee said that the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC, as important members of the country’s institutions, serve as a crucial bridge connecting the Mainland and Hong Kong. He noted that the current-term HKSAR Government has established a regular exchange mechanism with the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC to pool their strengths in contributing to Hong Kong’s further integration into and service of national development.
Mr Lee thanked the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC for their active contributions of insights and suggestions, and for engaging in in-depth discussions on Hong Kong’s economic and social development opportunities during the National 15th Five-Year Plan period. Mr Lee said that the HKSAR Government will lead Hong Kong in proactively aligning with the National 15th Five-Year Plan, consolidating and enhancing its status as an international financial, shipping and trade centre, and making every effort to develop Hong Kong into an international innovation and technology centre and an international hub for high-calibre talent. The HKSAR Government will work hand in hand with the HKSAR deputies to the NPC and HKSAR members of the National Committee of the CPPCC to contribute to Hong Kong’s long-term prosperity and stability.
Issued at HKT 18:45
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Tender for 12th operation and management contract of Light Public Housing invited
Source: Hong Kong Government special administrative region
The Housing Bureau (HB) today (February 27) invites tender for the 12th and also the last operation and management contract of Light Public Housing (LPH). Capable and experienced organisations are encouraged to participate.
The project is located at Hang Kwong Street, Ma On Shan, providing about 855 LPH units, with intake tentatively scheduled in the fourth quarter of this year. Same as the previous contracts, the LPH operation and management services mainly cover occupant management, property management, daily maintenance, as well as the provision of social services, and management and operation of ancillary facilities, etc. To encourage participation of different stakeholders in the community, the HB welcomes tenders from all capable and experienced service providers, including non-government organisations and those with a valid property management company licence, or a collaboration between them.
London ETO welcomes Year of Horse with vibrant celebrations in London
Source: Hong Kong Government special administrative region – 4
The Hong Kong Economic and Trade Office in London (London ETO) celebrated the Year of the Horse in the United Kingdom (UK) with a series of festive and promotional events, showcasing Hong Kong’s dynamism and further strengthening ties between Hong Kong and the UK.
On February 26 (London time), the London ETO hosted an evening reception in London in collaboration with Invest Hong Kong and the Hong Kong Trade Development Council. Earlier, on February 22, the London ETO supported large-scale Chinese New Year celebrations organised by the London Chinatown Chinese Association at Trafalgar Square, Chinatown and Charing Cross Road, bringing the festive spirit to the heart of Central London.
Welcoming over 400 guests to the reception on February 26, the Director-General of the London ETO, Miss Fiona Chau, expressed appreciation for the long-standing economic and cultural links between Hong Kong and the UK. Guests included UK government officials, London borough mayors, senior diplomats, business leaders, academics, media representatives and members of the Chinese community.
In her remarks, Miss Chau outlined key measures in the 2026-27 Budget, newly announced by the Financial Secretary on February 25 in Hong Kong. These include increased resources for AI+ development, life and health technology, as well as measures to strengthen support for emerging industries and new industrialisation.
Miss Chau also highlighted the Northern Metropolis as an important driver of innovation and technology development, creating an innovation corridor linking Hong Kong with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area. She emphasised that the development will open up new opportunities for collaboration with global partners, including the UK.
At the Chinese New Year celebrations on February 22, vibrant cultural and musical performances drew large crowds across Central London. Miss Chau joined distinguished guests including the Deputy Mayor for Communities and Social Justice of London, Dr Debbie Weekes-Bernard; Member of Parliament for Cities of London and Westminster Ms Rachel Blake; and the Lord Mayor of Westminster, Mr Paul Dimoldenberg, in greeting members of the public from an open-top double-decker bus and on stage at Trafalgar Square.
Under the Economic and Trade Express platform, the London ETO, together with Invest Hong Kong and the Hong Kong Trade Development Council, hosted six celebratory and promotional events in Denmark, Finland, Norway, Sweden and the UK to mark the Year of the Horse, showcasing Hong Kong’s role as an international financial, trade and innovation centre.
CE meets Secretary of CPC Zhuhai Municipal Committee
Source: Hong Kong Government special administrative region
CE meets Secretary of CPC Zhuhai Municipal Committee (with photo)
Mr Lee welcomed Mr Chen and his delegation on their visit to Hong Kong. Mr Lee said that since the commissioning of the Hong Kong-Zhuhai-Macao Bridge (HZMB), Zhuhai has become the only Mainland city connected by land to both Hong Kong and Macao. The successive implementation of the Northbound Travel for Hong Kong Vehicles and Southbound Travel for Guangdong Vehicles schemes has deepened the two-way flow of people between Guangdong and Hong Kong, further facilitating the flow of people and goods within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). As a core city of the GBA, Hong Kong will continue to work closely with Zhuhai to further harness the opportunities presented by the HZMB to develop Hong Kong and Zhuhai into one of the GBA’s main gateways for the import and export of goods, promoting high-quality development in the GBA.
Mr Lee said that Hong Kong International Airport and Zhuhai Airport have been closely co-operating with remarkable results. Through enhancing the “Fly-Via-Zhuhai-Hong Kong” direct passenger service and jointly developing the international air-cargo business, the two places have further enhanced the competitiveness of both airports and reinforced their combined advantages to bring about the synergy effect of “one plus one is greater than two”. This serves as a testament to the complementarity and mutual benefits achieved between Hong Kong and Zhuhai. Hong Kong will continue to leverage its dual advantage of having national and global opportunities, and further strengthen collaboration between the two airports, jointly contributing to the development of a world-class airport cluster in the GBA.
Mr Lee said that Hong Kong and Zhuhai are linked by geographical ties and share the same roots, with frequent exchanges in areas such as trade, investment, transport and aviation. The Hong Kong Special Administrative Region Government will proactively align with the National 15th Five-Year Plan to better integrate into and serve the country’s overall development and fulfil the role of “bringing in and going global”. He encouraged Zhuhai enterprises to make good use of Hong Kong as a springboard to explore overseas markets, pursue development together, and jointly seize the opportunities arising from national development.
Issued at HKT 17:00
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Leasing arrangements announced for public market stalls in March
Source: Hong Kong Government special administrative region – 4
The Food and Environmental Hygiene Department (FEHD) announced today (February 27) that open auctions for a total of 597 stalls in 50 public markets will be held in March. Market stalls not taken at open auctions will be available to the public for renting at their upset prices on March 20 on a first-come, first-served basis.
(1) Open auctions
The types of stalls to be auctioned this time cover cooked food, frozen meat, fresh meat, fresh fish, frozen (chilled) poultry, fruits, vegetables, food-related dry goods and wet goods, non-food-related dry goods and wet goods, tradesman/service trades, siu mei and lo mei, newspaper, etc. The tenancy agreement is a three-year fixed term from April 1, 2026, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on the sizes, locations and vacancy periods of the individual stalls. The upset prices for the stalls in an open auction will be initially fixed at 80 per cent of the open market rent (OMR) if the stalls have been vacant for over six months, and at 60 per cent of the OMR if the vacant period has been over eight months. Relevant information is available on the FEHD website.
The date of the auctions and the number of stalls are as follows:
New Territories (1)
———————
Auction date: March 6 (Friday) (am)
Number of stalls: 77
New Territories (2)
———————
Auction date: March 6 (Friday) (pm)
Number of stalls: 78
Hong Kong Island and Islands District (except Aberdeen Market) (1)
————————————————–
Auction date: March 9 (Monday) (pm)
Number of stalls: 131
Hong Kong Island and Islands District (except Aberdeen Market) (2)
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Auction date: March 10 (Tuesday) (am)
Number of stalls: 76
Aberdeen Market
——————-
Auction date: March 10 (Tuesday) (pm)
Number of stalls: 14
Kowloon (1)
————–
Auction date: March 11 (Wednesday) (am)
Number of stalls: 99
Kowloon (2)
————–
Auction date: March 11 (Wednesday) (pm)
Number of stalls: 67
Kowloon (3)
————–
Auction date: March 12 (Thursday) (am)
Number of stalls: 55
The open auctions will be held at Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon. Limited seats are available on a first-come, first-served basis. The admission tickets will be issued 30 minutes prior to the commencement of each auction. Persons who want to attend the auctions must wait at the waiting area of the auction venue and produce their Hong Kong identity card or passport for registration. The registered person will then be provided with an admission ticket for the auctions. In addition, eligible bidders after verification will be issued with a bidding paddle for the auction. The FEHD has also invited representatives of the Police and the Independent Commission Against Corruption to monitor the auctions at the auction venue in order to ensure that the open auctions are conducted in an orderly and fair manner.
(2) Renting at upset prices on first-come, first-served basis
The tenancy agreement for market stalls renting on a first-come, first-served basis is a three-year fixed term from May 1, 2026; while the tenancy agreement for the market stalls at Stanley Waterfront Mart is a three-month fixed term from April 1, 2026, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on their sizes, locations, vacancy periods and the reduced upset prices from the last open auction of the individual stalls.
In addition, the FEHD Sunlight Market will be available to the public for renting on a first-come, first-served basis. The licence agreement for market stalls in the Sunlight Market is a two-year fixed term starting from May 1, 2026, with no right of renewal upon expiry of the licence agreement. The licence fee of the stalls varies depending on their sizes.
Members of the public who are interested in renting a market stall at its upset price should approach the following FEHD offices, as appropriate, to apply in person from 9.30am to 12.30pm or 2.30pm to 4.30pm on March 20 (Friday):
| Districts in which the market stalls are located | Venues for selection of market stalls |
| Hong Kong Island and Islands District | Hawkers and Markets Section (Hong Kong and Islands) Office, 8/F, Lockhart Road Municipal Services Building, 225 Hennessy Road, Wan Chai, Hong Kong |
| Kowloon | Hawkers and Markets Section (Kowloon) Office, Room 301-302, 3/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon |
| Kwai Tsing District | Kwai Tsing District Environmental Hygiene Office, 9/F, Kwai Hing Government Offices, 166-174 Hing Fong Road, Kwai Chung, New Territories |
| North District | North District Environmental Hygiene Office, 4/F, Shek Wu Hui Municipal Services Building, 13 Chi Cheong Road, Sheung Shui, New Territories |
| Sai Kung District | Sai Kung District Environmental Hygiene Office, 7/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Tseung Kwan O, New Territories |
| Sha Tin District | Sha Tin District Environmental Hygiene Office, Units 1201-1207 and 1220-1221, 12/F, Tower 1, Grand Central Plaza, 138 Sha Tin Rural Committee Road, Sha Tin, New Territories |
| Tai Po District | Tai Po District Environmental Hygiene Office, 3/F, Tai Po Complex, 8 Heung Sze Wui Street, Tai Po, New Territories |
| Tsuen Wan District | Tsuen Wan District Environmental Hygiene Office, 3/F, Yeung Uk Road Municipal Services Building, 45 Yeung Uk Road, Tsuen Wan, New Territories |
| Tuen Mun District | Tuen Mun District Environmental Hygiene Office, 1/F, Tuen Mun Government Offices Building, 1 Tuen Hi Road, Tuen Mun, New Territories |
| Yuen Long District | Yuen Long District Environmental Hygiene Office, 2/F, Yuen Long Government Offices, 2 Kiu Lok Square, Yuen Long, New Territories |
Relevant information on renting at upset prices on a first-come, first-served basis will be available on the FEHD website after the open auction.
A spokesman for the FEHD said, “Bidders or applicants for the market stalls must be at least 18 years old and ordinarily reside in Hong Kong. To allow more people to bid for or select the stalls and increase customer choices by enhancing the diversity in terms of the variety of stalls, there will be a restriction on the number of stalls to be rented in the same market by a single tenant. Any person who is currently a stall tenant is not allowed to bid in the first round of auction for any stall in the same market, and will only be allowed to bid for one stall in the second round of auction or to select one stall in the same market on a first-come, first-served basis (except Stanley Waterfront Mart). The existing tenants under the new three-year fixed-term tenancy scheme (i.e. those persons who became stall tenants through the market open auctions after August 2022) are allowed to bid for a stall in the auction or select a stall on a first-come, first-served basis in the same market, but shall vacate the current stall and return it to the FEHD before the effective date of commencement of the new tenancy agreement.”
Details of the open auctions and the public market stalls concerned (including stalls for open auction at reduced upset prices) have been uploaded to the FEHD website (www.fehd.gov.hk/english/pleasant_environment/tidy_market/open_auction_coming.html). Details on renting public market stalls on a first-come, first-served basis will be uploaded to the FEHD website after open auctions (www.fehd.gov.hk/english/pleasant_environment/tidy_market/FCFS/index.html). Interested bidders or applicants may visit the department website or contact the respective District Environmental Hygiene Office.
Flower Show to adorn Victoria Park with theme flower stock from March 20
Source: Hong Kong Government special administrative region
Flower Show to adorn Victoria Park with theme flower stock from March 20
Native to Southern Europe and the Mediterranean, stock is a perennial herbaceous plant of the genus Matthiola in the Brassicaceae family. It blooms from early spring to early summer. The stock is readily identifiable by its characteristic four-petalled cross-shaped flowers. The inflorescence is a raceme, with clusters of around 10 small flowers in terminal and on stalks. The sun-loving flowers open in bursts from the bottom upwards.
The stock comes in an array of colours, ranging from vibrant classic ones like purple, pink, white and yellow, to fresher and softer hues of newer cultivars, such as pale lilac, creamy yellow and pastel pink. Extensive cultivation and improvements have produced a host of single-petalled and double-petalled cultivars, which vary in height and size, each with its own attractiveness.
With its dazzling colour, heady scent, abundant supply and relatively long blooming period, the stock is deeply adored by gardening enthusiasts. Whether grown in parterres, pots or used as cut flowers, it brings fragrance and beauty. Essential oils of stock have long been used in perfumes and aromatherapy.
In addition to this year’s theme flower and other flowering plants, the gardens along the central axis are specially infused with strong Hong Kong characteristics, bringing visitors the city’s unique cultural diversity and urban charm amid floral fragrances in the air. The event will showcase a large collection of exquisite potted plants, beautiful floral arrangements and well-crafted landscape displays by local, Mainland and overseas organisations. There will also be commercial stalls selling flowers and horticultural products. A wide variety of educational and recreational fringe activities will also be held for visitors of all ages to enjoy.
For more details about the HKFS and its admission fee arrangements, please visit the webpage at www.hkflowershow.hk/en/hkfs/2026/index.html
The HKFS is organised by the Leisure and Cultural Services Department. The Hong Kong Jockey Club Charities Trust is supporting the flower show for the 14th consecutive year and has been its major sponsor since 2014.
Issued at HKT 15:00
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21 persons arrested during anti-illegal worker operations
Source: Hong Kong Government special administrative region
21 persons arrested during anti-illegal worker operations (with photo)
During the anti-illegal worker operations, ImmD officers raided multiple target locations including restaurants, warehouses and massage parlours. A total of 19 suspected illegal workers and two suspected employers were arrested. The arrested suspected illegal workers comprised nine men and 10 women, aged 33 to 58. Among them, three men and two women were holding recognizance forms which prohibit them from taking any employment. Two men, aged 48 and 56, were suspected of employing the illegal workers and were also arrested. The investigation into the suspected employers is ongoing, and the possibility of further arrests is not ruled out.
An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”
The spokesman warned, “As stipulated in section 38AA of the Immigration Ordinance, an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land is prohibited from taking any employment, whether paid or unpaid, or establishing or joining any business. Offenders are liable upon conviction to a maximum fine of $50,000 and up to three years’ imprisonment. As stipulated in section 20(1)(a) of the Immigration Ordinance, the Chief Executive may make a deportation order against an immigrant, prohibiting the immigrant from being in Hong Kong at any time thereafter if the immigrant has been found guilty in Hong Kong of an offence punishable by imprisonment for not less than two years.”
The spokesman stressed that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines that the employer of an illegal worker should be given an immediate custodial sentence.
According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In that connection, the spokesman would like to remind all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences.
Under the existing mechanism, the ImmD will, as a standard procedure, conduct an initial screening of vulnerable persons, including illegal workers, illegal immigrants, sex workers and foreign domestic helpers, who are arrested during any operation with a view to ascertaining whether they are trafficking in persons (TIP) and/or forced labour victims. When any TIP and/or forced labour indicator is revealed in the initial screening, the ImmD officers will conduct a full debriefing and identification by using a standardised checklist to ascertain the presence of TIP and/or forced labour elements. Identified TIP and/or forced labour victims will be provided with various forms of support and assistance, including urgent intervention, medical services, counselling, shelter or temporary accommodation and other supporting services. The ImmD calls on TIP and/or forced labour victims to report crimes to the relevant departments immediately.
For reporting illegal employment activities, please call the dedicated hotline 3861 5000, by fax at 2824 1166, email to anti_crime@immd.gov.hkIssued at HKT 17:30
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External merchandise trade statistics for January 2026
Source: Hong Kong Government special administrative region
External merchandise trade statistics for January 2026
In January 2026, the value of total exports of goods increased by 33.8% over a year earlier to $520.6 billion, after a year-on-year increase by 26.1% in December 2025. Concurrently, the value of imports of goods increased by 38.1% over a year earlier to $534.7 billion in January 2026, after a year-on-year increase by 30.6% in December 2025. A visible trade deficit of $14.1 billion, equivalent to 2.6% of the value of imports of goods, was recorded in January 2026.
Comparing the three-month period ending January 2026 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 9.4%. Meanwhile, the value of imports of goods increased by 10.9%.
Analysis by country/territory
Comparing January 2026 with January 2025, total exports to Asia as a whole grew by 37.3%. In this region, increases were registered in the values of total exports to some major destinations, in particular Taiwan (+88.8%), Malaysia (+81.1%), Chinese Mainland (the Mainland) (+40.6%), Singapore (+32.4%), Thailand (+31.1%) and Vietnam (+31.0%).
Apart from destinations in Asia, increases were registered in the values of total exports to most major destinations in other regions, in particular Switzerland (+105.1%), the Netherlands (+39.5%) and the USA (+23.3%).
Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+129.8%), India (+125.1%), Korea (+75.0%), the Mainland (+46.6%) and Singapore (+42.8%).
Comparing the three months ending January 2026 with the same period in 2025, increases were registered in the values of total exports to most major destinations, in particular Malaysia (+96.3%), Taiwan (+70.2%), the United Arab Emirates (+66.4%), Thailand (+47.5%) and the Mainland (+26.8%).
Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+133.6%), India (+81.2%), the Mainland (+34.7%), the United Kingdom (+31.1%) and Korea (+22.3%).
Analysis by major commodity
Comparing January 2026 with January 2025, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $71.6 billion or +39.4%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $24.2 billion or +51.9%).
Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $76.2 billion or +44.8%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $34.2 billion or +80.0%).
Comparing the three months ending January 2026 with the same period in 2025, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $163.7 billion or +28.4%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $61.7 billion or +45.2%).
Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $168.4 billion or +29.1%) and “telecommunications and sound recording and reproducing apparatus and equipment” (by $80.7 billion or +57.2%).
Commentary
A Government spokesman said that the value of merchandise exports posted a sharp rise in January, surging by 33.8% over a year earlier. Exports to most markets and of most major commodities increased visibly. While the low base of comparison last year amid the early arrival of Chinese New Year contributed to the strong year-on-year rise, the underlying growth momentum remained robust. On a seasonally adjusted basis, the value of merchandise exports in the three-month period ending January picked up to increase by 9.4% over the preceding three-month period.
Looking ahead, Hong Kong’s merchandise trade performance will be underpinned by the sustained moderate expansion of the global economy and strong global demand for AI-related electronic products. Meanwhile, the Government will stay vigilant to the trade policy developments in the external environment.
Further information
Table 1 presents the analysis of external merchandise trade statistics for January 2026. Table 2 presents the original monthly trade statistics from January 2023 to January 2026, and Table 3 gives the seasonally adjusted series for the same period.
The values of total exports of goods to 10 main destinations for January 2026 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for January 2026.
All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for January 2026 will be released in mid-March 2026.
The January 2026 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in January 2026 and will be available in early March 2026. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230
Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).
Issued at HKT 16:30
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Appointments to Law Reform Commission
Source: Hong Kong Government special administrative region
Appointments to Law Reform CommissionChief Justice of the Court of Final Appeal (ex officio member)
Law Draftsman (ex officio member)
Mr Justice Johnson Lam Man-hon
Mr Stephen Hung Wan-shun
Mrs Janice Choi Kwan Wing-kum
Mrs Margaret Leung Ko May-yee
Professor Alexander Loke
Professor Michael Jackson
Ms Frances Lok Man-yin, SC
Professor Xi Chao
Ms Tammy Tam Wai-yi
Issued at HKT 11:00
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Government’s financial results for 10 months ended January 31, 2026
Source: Hong Kong Government special administrative region
Expenditure and revenue from April 2025 to January 2026 amounted to HK$627.3 billion and HK$614.9 billion respectively, resulting in a surplus of HK$87.9 billion after taking into account HK$142.3 billion received from issuance of Government Bonds and repayment of HK$42 billion principal on Government Bonds. The fiscal reserves stood at HK$742.2 billion as at January 31, 2026.
Taking into account the forecast revenue and expenditure for the remaining two months, the surplus for the 2025-26 financial year is expected to be HK$2.9 billion and the fiscal reserves are estimated to be HK$657.2 billion as at the end of March 2026.
Detailed figures are shown in Tables 1 and 2.
TABLE 1. CONSOLIDATED ACCOUNT (Note 1)
Government Debts as at January 31, 2026 (Note 3)
HK$414,754 million
Debts Guaranteed by Government as at January 31, 2026 (Note 4)
HK$112,964 million
TABLE 2. FISCAL RESERVES
Notes:
1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at January 31, 2026, was HK$155,142 million.