Appointments to new term of Trade and Industry Advisory Board

Source: Hong Kong Government special administrative region

     The Government announced today (December 31) the membership of the Trade and Industry Advisory Board (TIAB) in the new term for two years from January 1, 2026, to December 31, 2027.

     The 10 new members appointed are Ms Agnes Chan Sui-kuen, Mr Leslie Choy Chi-fai, Professor Thomas Ho On-sing, Ms Rose Kay Lo-hei, Mr Anthony Lam Sai-ho, Mr Bosco Law Ching-kit, Mr Lee Shing-kan, Mr Roden Tong Man-lung, Mrs Annie Tse Yau On-yee and Mr Desmond Yip Koon-shing, and 17 incumbent members are reappointed.

     The Secretary for Commerce and Economic Development (SCED), Mr Algernon Yau, thanked the 27 members for accepting the appointments. He said, “The TIAB serves an important function of advising the Government on promoting the development of Hong Kong’s trade and industry, in particular on matters concerning how Hong Kong can leverage the opportunities of the Belt and Road Initiative, the Guangdong-Hong Kong-Macao Greater Bay Area development and the Mainland and Hong Kong Closer Economic Partnership Arrangement, and how to cope with the changes in the global economic and trade landscape. With the experience and expertise of members in their respective sectors, I am confident that they will provide valuable advice and strong support on promoting our work.”

     He thanked the 11 outgoing members, namely Mr Chan Chak-ming, Mr Ivan Chu Kwok-leung, Dr Steve Chuang Tzu-hsiung, Ms Miranda Kwan Ching-yi, Dr Peter Lam Kin-ngok, Mr Willy Lin Sun-mo, Dr Dennis Ng Wang-pun, Mr Shiu Ka-fai, Mr Sunny Tan, Dr Conrad Wong Tin-cheung and Mr Harold Wong Tsu-hing, for their support and contributions to the work of the TIAB.

     The TIAB advises the SCED on matters affecting Hong Kong’s trade and industry, including trade in textiles and garments, trade relations with the Mainland, the Belt and Road Initiative, the development plan for the Guangdong-Hong Kong-Macao Greater Bay Area and the Mainland and Hong Kong Closer Economic Partnership Arrangement and related matters.

     The 2026-27 membership list of the TIAB is as follows:

Chairman
————
Secretary for Commerce and Economic Development

Non-official members
—————————–
Mr Chan Chuen-wai
Mr Calvin Chan Ka-wai
Mr Kenneth Chan Kin-nin
Ms Jennifer Chan Pui-kwan
Ms Agnes Chan Sui-kuen
Mr Leslie Choy Chi-fai
Professor Thomas Ho On-sing
Mr Michael Hui Wah-kit
Ms Rose Kay Lo-hei
Mr Andrew Kwok Chi-wah
Mr Michael Lai Cheuk-pun
Mr Anthony Lam Sai-ho
Mr Bosco Law Ching-kit
Mr Ian Lee Eon
Mr Lee Shing-kan
Dr Wingco Lo Kam-wing
Mr William Shum Wai-lam
Mr Chester Szeen Pok-yung
Mr Augustus Tang Kin-wing
Mr Roden Tong Man-lung
Mrs Annie Tse Yau On-yee
Mr Andrew Yao Cho-fai
Ms Karmen Yeung Ka-yin
Mr Gary Yeung Man-yui
Dr Yim Fung
Mr Desmond Yip Koon-shing
Ms Elsa Yuen May-yee

Ex-officio members
—————————–
Secretary for Constitutional and Mainland Affairs (or representative)
Permanent Secretary for Commerce and Economic Development (or representative)
Director-General of Trade and Industry (or representative)
Director-General of Investment Promotion (or representative)
Executive Director of the Hong Kong Trade Development Council (or representative)

Tenders invited for ground investigation works for development of San Tin Technopole (Phase 2)

Source: Hong Kong Government special administrative region

     ​The Civil Engineering and Development Department (CEDD) today (December 31) invited tenders for the contract for Ground Investigation Works for Development of San Tin Technopole (Phase 2) (Contract No. ND/2025/04). The closing time for the tender is noon on January 23, 2026.

     The ground investigation works mainly include drillholes, trial pits, groundwater monitoring and associated in-situ and laboratory tests.

     The works are scheduled to commence in February 2026 and will take about 16 months to complete. 

     The CEDD has commissioned AECOM-AtkinsRealis Joint Venture to design and supervise the works. Interested contractors can obtain the tender forms and other particulars from the company at 13/F, Wharf T&T Centre, Harbour City, 7 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong.

     Details of the tender notice are available on the CEDD website (www.cedd.gov.hk/eng/tender-notices/contracts/tender-notices/index.html). For enquiries, please call AECOM-AtkinsRealis Joint Venture at 2972 1000 during office hours.

Appointments to Constitution and Basic Law Promotion Steering Committee announced

Source: Hong Kong Government special administrative region

Appointments to Constitution and Basic Law Promotion Steering Committee announced      
     The seven reappointed incumbent members are Mr Davis Chan Wai-lun, Ms Venus Kuk Wing-yee, Mr Kwok Wing-keung, Mr Lee Leun-fai, Mr Perry Suen Pang, Mr Anfield Tam Ching-hin and Mr Henry Tong Sau-chai. The new members are Ms Katherine Cheung Marn-kay, Ms Lee Tung, Mr Robert Andrew Lui Chi-wang, Ms Pamela Mak Mei-yee, Mr Ivan Yiu Pang-fai and Mr Zhang Tao.
      
     The Chief Secretary for Administration and CBLPSC Chairman, Mr Chan Kwok-Ki, expressed sincere thanks to the outgoing members Ms Debbie Cheung Sui-ki, Mr Stanley Choi Tak-shing, Ms Fang Xin, Mr Vincent Lam Tak-hing, Mr Rex Mok Chung-fai and Mr Eric Yeung Chuen-sing for their contributions. He also welcomed the six new members and said he looked forward to working with them closely.
      
     Following is the membership list of the CBLPSC with effect from January 1, 2026:

Chairperson
————–
Chief Secretary for Administration—————Ms Katherine Cheung Marn-kay
Ms Quince Chong Wai-yan
Mr Chris Ip Ngo-tung
Ms Venus Kuk Wing-yee
Mr Kwok Wing-keung
Mr Ken Lee Kwong-yu
Mr Lee Luen-fai
Ms Lee Tung
Mr Robert Andrew Lui Chi-wang
Ms Pamela Mak Mei-yee
Ms Melissa Kaye Pang
Mr Perry Suen Pang
Mr Anfield Tam Ching-hin
Mr Henry Tong Sau-chai
Mr Ivan Yiu Pang-fai
Mr Zhang Tao——————-
Secretary for Constitutional and Mainland Affairs
Secretary for the Civil Service
Secretary for Commerce and Economic Development
Secretary for Culture, Sports and Tourism
Secretary for Education
Secretary for Home and Youth Affairs
Secretary for Security
Director of Home Affairs
Director of Information Services
Director of Leisure and Cultural Services
Director-General of Trade and Industry
Solicitor General
Issued at HKT 15:30

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DH encourages eligible persons born between 1950 and 1976 to take part in Colorectal Cancer Screening Programme

Source: Hong Kong Government special administrative region

     ​The Department of Health (DH) announced today (December 31) that Hong Kong residents born between 1950 and 1976 will be eligible to enrol in the Government-subsidised Colorectal Cancer Screening Programme (CRCSP) from January 1, 2026. The DH urges all eligible persons to participate in the CRCSP as early as possible and advocates the adoption of healthy lifestyles to lower the risk of colorectal cancer.
      
     Using a public-private partnership model, the CRCSP subsidises asymptomatic Hong Kong residents aged between 50 and 75 to undergo screening tests every two years in the private sector. Participants in the CRCSP should first attend a medical consultation provided by an enrolled primary care doctor (PCD) and receive a Faecal Immunochemical Test (FIT) screening arranged by the PCD. If the FIT result is positive, the participant will be referred to an enrolled colonoscopy specialist to receive a colonoscopy examination subsidised by the Government. If the FIT result is negative, the participant is advised to repeat the screening two years later.
      
     As of the end of November 2025, over 66 000 new participants have enrolled in the CRCSP this year, bringing the total number of participants to more than 579 000. Among them, 15 per cent had positive FIT screening results, approximately 45 000 persons (7.9 per cent) were diagnosed to have colorectal adenomas, and about 3 800 persons (0.7 per cent) had colorectal cancer after colonoscopy examination. Analysis showed that more than 50 per cent of the colorectal cancer cases detected under the CRCSP were in the early stages, demonstrating the effectiveness of screening.
     
     Currently, more than 1 200 PCDs have enrolled in the CRCSP, covering about 2  300 clinics to provide services, while 260 colonoscopy specialists have also joined the CRCSP to provide examination at about 790 clinics. The colonoscopy specialists can only charge participants a co-payment of no more than $1,000 for providing standard colonoscopy examination services, with over 70 per cent of these service locations not charging any additional payment for colonoscopy and polyp removal.
      
     “Colorectal cancer is the third most common cancer and the second most common cause of cancer death in Hong Kong. In 2023, there were 5 467 newly diagnosed colorectal cancer cases, accounting for 14.4 per cent of all new cancer cases. Colorectal cancer screenings can identify people at higher risk of colorectal cancer and asymptomatic patients, and enable them to receive early treatment, thus significantly improving prognosis. Also, removing colorectal adenoma during a colonoscopy can prevent it from developing into cancer,” said the Controller of the Centre for Health Protection of the DH, Dr Edwin Tsui.
         
     Dr Tsui called on eligible persons to join the CRCSP starting at age 50. If the screening result is normal, rescreening should be performed every two years until age 75. In addition, adopting a healthy lifestyle can help prevent colorectal cancer; this includes exercising regularly, eating two servings of fruit and three servings of vegetables daily, maintaining a healthy body weight, and avoiding smoking and alcohol drinking. Participants are also encouraged to invite eligible relatives and friends to join the CRCSP. 

     At the same time, the Primary Healthcare Commission is actively promoting the Life Course Preventive Care Plan. Based on the core principles of prevention-oriented and whole-person care, a personalised preventive care plan will be formulated to address the health needs of citizens across different life stages with reference to the latest evidence. Family doctors and primary healthcare professionals will collaborate to provide services based on age, sex, family history and other personal factors, such as advice on healthy lifestyle, chronic disease and cancer screening, which includes colorectal cancer screening.

     The years of birth for eligible persons are updated at the beginning of each year. Eligible persons who are interested in joining the CRCSP must enrol in the Electronic Health System (eHealth). Please refer to the eHealth website at www.ehealth.gov.hk or call the Registration Office at 3467 6300 for details.
 
     For more information on the CRCSP, please visit the DH’s thematic website www.colonscreen.gov.hk or call the dedicated hotline (3565 6288) during office hours.

Appointments to Working Group on Patriotic Education announced

Source: Hong Kong Government special administrative region

     ​The Government today (December 31) announced the reappointment of 13 incumbent members to the Working Group on Patriotic Education under the Constitution and Basic Law Promotion Steering Committee (CBLPSC) for a term of two years with effect from January 1, 2026.
      
     The 13 reappointed incumbent members are Convenor Dr Starry Lee Wai-king and members Mr Stanley Choi Tak-shing, Professor Gu Min-kang, Mr Kwok Wing-keung, Ms Cally Kwong Mei-wan, Professor Lau Chi-pang, Mr Lee Luen-fai, Dr James Li Tsz-shu, Ms Melissa Kaye Pang, Mr Henry Tong Sau-chai, Mr Wong Kam-leung, Ms Connie Wong Wai-ching and Mr Yang Yong.
      
     The Chief Secretary for Administration and CBLPSC Chairman, Mr Chan Kwok-Ki, said he looked forward to continuing to work with them closely to take forward patriotic education.
      
     Following is the membership list of the Working Group on Patriotic Education with effect from January 1, 2026:

Convenor
————
Dr Starry Lee Wai-king
 
Non-official members
————————–
Mr Stanley Choi Tak-shing
Professor Gu Min-kang
Mr Kwok Wing-keung
Ms Cally Kwong Mei-wan
Professor Lau Chi-pang
Mr Lee Luen-fai
Dr James Li Tsz-shu
Ms Melissa Kaye Pang
Mr Henry Tong Sau-chai
Mr Wong Kam-leung
Ms Connie Wong Wai-ching
Mr Yang Yong
 
Official members
——————–
Secretary for Constitutional and Mainland Affairs
Secretary for the Civil Service
Secretary for Commerce and Economic Development
Secretary for Culture, Sports and Tourism
Secretary for Education
Secretary for Home and Youth Affairs
Secretary for Security
Director of Home Affairs
Director of Information Services
Director of Leisure and Cultural Services
Director-General of Trade and Industry
Solicitor General

Crowd management measures and special traffic arrangements for New Year’s Eve and New Year’s Day

Source: Hong Kong Government special administrative region

     The Police announced today (December 31) that crowd management measures and special traffic arrangements will be implemented on Hong Kong Island and in Kowloon today and tomorrow to facilitate the New Year’s Eve countdown event. Members of the public are urged to plan their journeys in advance and to make use of public transport as far as possible.

Hong Kong Island
———————– Lan Kwai Fong;
– Wing Wah Lane;
– Wo On Lane;
– Wellington Street between Wyndham Street and D’Aguilar Street; and
– On Lan Street.-    Queen’s Road Central between Garden Road and Pottinger Street;
–    Bank Street;
–    Duddell Street;
–    Ice House Street between Lower Albert Road and Des Voeux Road Central;
–    Westbound Lower Albert Road between Garden Road and Ice House Street;
–    Pedder Street between Queen’s Road Central and Des Voeux Road Central;
–    D’Aguilar Street between Wellington Street and Queen’s Road Central;
–    Wellington Street between D’Aguilar Street and Cochrane Street;
–    Stanley Street between D’Aguilar Street and Cochrane Street;
–    Cochrane Street between Wellington Street and Stanley Street;
–    Wyndham Street between Glenealy and Queen’s Road Central; and
–    Lyndhurst Terrace.-    Queen Victoria Street between Connaught Road Central and Des Voeux Road Central;
–    Wyndham Street between Arbuthnot Road and D’Aguilar Street;
–    The slip road from Cotton Tree Drive to Queensway (except for franchised buses); and
–    Northbound Arbuthnot Road.-    Ice House Street between Connaught Road Central and Des Voeux Road Central.-    The unnamed road between Connaught Road Central and Chater Road;
–    Club Street; and
–    Chater Road between Jackson Road and Murray Road.-    Lung Wo Road between Man Yiu Street and Yiu Sing Street;
–    Connaught Place between Man Yiu Street and Connaught Road Central;
–    Connaught Road Central between Pedder Street and Murray Road; and
–    The Pedder Street underpass; and
–    Lambeth Walk.-    Southbound Man Yiu Street between Finance Street and Connaught Place.-    Vehicles along northbound Ice House Street will be diverted via eastbound Des Voeux Road Central.-    Vehicles along westbound Connaught Road Central shall be diverted via Murray Road;
–    Vehicles along westbound Lung Wo Road shall be diverted via Yiu Sing Street; and
–    Vehicles along eastbound Man Cheung Street shall make a U-turn at the junction with Man Yiu Street.-    Vehicles along eastbound Upper Albert Road may only be allowed to proceed towards Garden Road.(ii) On Lan Street; and
(iii) Wyndham Street between Arbuthnot Road and D’Aguilar Street.———–

Results of Survey on Professional and Business Services relating to Intellectual Property Trading/Commercialisation released

Source: Hong Kong Government special administrative region

Results of Survey on Professional and Business Services relating to Intellectual Property Trading/Commercialisation released 
     The Director of Intellectual Property, Mr David Wong, said, “With the support of the Central Government, Hong Kong has been fully committed to developing into a regional IP trading centre. Hong Kong’s pool of experienced IP service professionals is a key to safeguarding the legitimate interests of parties to IP transactions and the successful promotion of IP commercialisation. The Survey indicated that at least one-third of the establishments providing IP services collaborated with counterparts outside Hong Kong (notably on the Chinese Mainland and overseas) in their daily business. Our IP services providers are team players in both the local and global IP communities, playing the dual roles of ‘super connector’ and ‘super value-adder’ by leveraging Hong Kong’s distinctive advantage of enjoying the strong support of the motherland and staying closely connected to the world.”
  
     The Survey was commissioned by the IPD to collect information on the local landscape of the provision of IP services. During the period from May to October this year, the survey successfully enumerated 751 establishments, of which 266 provided IP services during the year of 2024. It was estimated that as at the end 2024, the number of people in Hong Kong’s workforce who engaged in IP services was about 4 148, up about 10 per cent from the manpower survey conducted by the IPD in 2017. Almost 80 per cent of the IP practitioners had a bachelor’s degree or higher qualification, and about 70 per cent thereof possessed relevant academic and/or professional qualifications.
 
     In 2024, the establishments most frequently provided “IP registration services” (84.1 per cent) and “IP consultation and/or advisory services” (79.5 per cent), which accounted for the highest percentage of their income in IP services. Amongst various IP rights, “trade marks” (92.4 per cent) and “patents” (48 per cent) were most often involved in the IP services rendered and were the categories that generated the largest business receipts.
 
     The considerable business opportunities brought about by the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) also foster co-operation in IP services in the region. In 2024, about a quarter (25.7 per cent) of the establishments providing IP services in Hong Kong also provided IP services in or concerning the GBA (other than Hong Kong itself), also mostly in respect of “IP registration services” (85.4 per cent) and “IP consultation and/or advisory services” (66.7 per cent). Likewise, “trade marks” (96.1 per cent) and “patents” (50.3 per cent) were the two major types of IP rights involved in these IP services. Furthermore, nearly 30 per cent of the establishments providing IP services in Hong Kong indicated that they would consider starting to provide IP services concerning other parts of the GBA or expand their IP services business to other parts of the GBA in the next two years, indicating their active participation in driving the economic growth of GBA.
 
     The Survey further collected the views of the establishments providing IP services on the major challenges they faced in enhancing IP services in Hong Kong, and they generally see the need for nurturing more talent with sufficient IP knowledge and experience.
 
     Mr Wong said that the IPD will continue pressing ahead with supporting initiatives on various fronts to build a robust ecosystem to enhance Hong Kong’s position as a regional IP trading centre.
 
     Members of the public are welcome to browse the summary of survey results uploaded to the websiteIssued at HKT 16:00

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Appointments to Commission on Children announced

Source: Hong Kong Government special administrative region

Appointments to Commission on Children announced 
     The Chief Secretary for Administration and Chairperson of the CoC, Mr Chan Kwok-ki, welcomed the appointments. He looked forward to the members’ valuable advice on the wide-ranging issues of concern relating to children, and their collaborative efforts with the Government to promote children’s healthy growth and development as well as safeguarding their rights and well-being, thereby building a pro-child and inclusive community. He also expressed his appreciation to the outgoing member for the efforts and contributions made to the CoC.
 
     The CoC was established on June 1, 2018. Its major functions are to develop policies, set strategies and priorities related to the development and advancement of children, oversee the implementation of relevant policies and services, promote children’s rights and fund public educational projects.
 
     The membership list of the CoC with effect from January 1, 2026, is as follows:

Chairperson
————-
Chief Secretary for Administration——————
Secretary for Labour and Welfare———————-
Ms Karin Ann
Mr Chan Kin-ping
Miss Anna May Chan Mei-lan 
Mrs Jennifer Cheng Yu Ngar-wing
Professor Eric Chui Wing-hong
Ms Kathy Chung Lai-kam
Ms Heidi Hui Sim-kiu
Dr Kevin Lau Chung-hang
Ms Joyce Lee Yuen-sum
Ms Yolanda Ng Yuen-ting
Ms Cindy Pun Siu-fung
Mrs Chandni Rakesh
Dr Tang Chun-pan
Mr Tony Tse Tsz-fung
Dr Winnie Tso Wan-yee
Mr Alan Tsoi Ka-lun
Dr Rizwan Ullah
Mr Gary Wong Chi-him
Ms Donna Wong Chui-ling
Ms Wong May-kwan
Ms Grace Yu Ho-wun
  
Ex-officio members
——————–
Secretary for Culture, Sports and Tourism
Secretary for Education
Secretary for Health
Secretary for Home and Youth Affairs
Commissioner of Police
Director of Health
Director of Home Affairs
Director of Social Welfare
Chairperson of Family Council
Chairperson of Women’s Commission
Issued at HKT 12:00

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Government updates Biodiversity Strategy and Action Plan for Hong Kong

Source: Hong Kong Government special administrative region

     The Government today (December 31) promulgated the updated Hong Kong Biodiversity Strategy and Action Plan (BSAP), which sets out the strategies and priority actions Hong Kong will adopt over the next 10 years to protect nature and support sustainable development, to protect Hong Kong’s biodiversity and thereby contribute to national and global efforts towards the goal of achieving harmony between humans and nature.
      
     A spokesman for the Environment and Ecology Bureau said, “Natural ecosystems and biodiversity are deeply intertwined with our well-being and are a vital part in achieving sustainable development in society. The harmonious coexistence between humans and nature is our country’s vision. We must act on the concept that ‘lucid waters and lush mountains are invaluable assets and focus on building a beautiful China'”.
      
     At the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity, the country led the adoption of the Kunming-Montreal Global Biodiversity Framework which proposed a new global strategic framework for biodiversity conservation. The Ministry of Ecology and Environment of the People’s Republic of China released the China National Biodiversity Conservation Strategy and Action Plan (2023-2030) in January 2024. To match these frameworks, and taking into account Hong Kong’s actual circumstances and conditions as well as stakeholders’ feedback, the Government has updated the BSAP and formulated actions for the next phase, building upon the first phase of the BSAP launched in 2016.
      
     The updated BSAP puts forward four strategic areas, namely nature conservation, deepening mainstreaming, capacity building, and collaborative partnering, which include a total of 30 priority actions and 81 priority projects. The Government looks forward to continuing collaboration with various sectors in the community to strengthen Hong Kong’s biodiversity conservation, enabling sustainable development.
      
     The four strategic areas in the updated BSAP are as follows:
 
(1) Nature conservation

     The Government will protect ecosystems and species through comprehensive and area-based measures to safeguard and restore biodiversity. Priority actions include: strengthening management of protected areas and establishing a wetland conservation system; restoring degraded ecosystems and revitalising remote countryside areas; stepping up enforcement against wildlife crimes and management of invasive alien species; and preventing deterioration of the aquatic environment by controlling pollution discharges.
 
(2) Deepening mainstreaming

     The Government will continue to drive the integration of biodiversity conservation concepts into every sector of society, elevating it to a shared responsibility embedded within economic, urban and community practices. For example, non-governmental organisations and educational institutions can promote various programmes to deepen the public’s connection with nature; enterprises can disclose biodiversity-related risks and adopt sustainable operating practices; academic institutions can advance knowledge and nurture the next generation of conservation talent; urban development can also integrate biodiversity conservation concepts by adopting nature-based solutions and wildlife-friendly designs. Other sectors can also contribute to mainstreaming biodiversity by supporting sustainable agriculture and fisheries, ecotourism and the circular economy.
 
(3) Capacity building

     The Government places emphasis on enhancing Hong Kong’s biodiversity conservation capacity by advancing knowledge, professional expertise and technological development. The Government will continue to support scientific and interdisciplinary research to explore the frontiers of knowledge and technology, complemented by measures to assess the status of nature, promote knowledge dissemination and sharing with the public, nurture talent, and deepen professional capabilities. At the same time, the Government will explore the establishment of a centre or platform for biodiversity resources, to enable better access by the public to natural treasures and heritage in Hong Kong.
 
(4) Collaborative partnering

     The Government is committed to expanding and strengthening partnerships across regions, sectors and communities to safeguard the natural environment and resources; to create ecological corridors, combat wildlife crimes and manage habitats along species migration routes through cross-boundary co-operation; enhance the exchange of knowledge and expertise with the international community; learn from global best practices and case studies, optimise existing conservation measures, and enhance ecological resources management; capitalise on the role as a “super connector” to foster multi-stakeholder collaboration, advance ecological civilisation across the Guangdong-Hong Kong-Macao Greater Bay Area, and support the latest initiatives on biodiversity on the national and global levels.
      
     The Government will continue to co-ordinate and monitor the implementation progress of the updated BSAP through the dedicated interdepartmental working group, and report the progress to the Advisory Council on the Environment regularly. To keep the public informed about the implementation, the Government will launch a dedicated website showcasing related work progress.
      
     The updated BSAP has been uploaded to the Agriculture, Fisheries and Conservation Department’s website (www.afcd.gov.hk/english/conservation/Con_hkbsap/updating_bsap/updating_bsap.html).

Government’s financial results for eight months ended November 30, 2025

Source: Hong Kong Government special administrative region

     The Government announced today (December 31) its financial results for the eight months ended November 30, 2025.
      
     Expenditure and revenue from April to November 2025 amounted to HK$496.6 billion and HK$371.9 billion respectively, resulting in a deficit of HK$18 billion after taking into account HK$135.2 billion received from issuance of Government Bonds and repayment of HK$28.5 billion principal on Government Bonds.
      
     A Government spokesperson said that the deficit for the period ended November 2025 was lower than that ended October 2025, mainly due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year. The revised estimates for the current financial year will be published along with the 2026-27 Budget.
      
     The fiscal reserves stood at HK$636.3 billion as at November 30, 2025.
      
     Detailed figures are shown in Tables 1 and 2.
 
TABLE 1. CONSOLIDATED ACCOUNT (Note 1)
 

 
 
Month ended
November 30, 2025
HK$ million
Eight months ended
November 30, 2025
HK$ million
Revenue 79,423.6 371,887.3
Expenditure (57,695.4) (496,610.4)
     
Surplus/(Deficit) before issuance
and repayment of
Government Bonds
21,728.2 (124,723.1)
     
Proceeds received from issuance of Government Bonds 18,614.0 135,169.8
     
Repayment of
Government Bonds*
(1,590.5) (28,465.5)
     
Surplus/(Deficit) after issuance
and repayment of
Government Bonds
38,751.7 (18,018.8)
     
Financing    
      Domestic    
          Banking Sector (Note 2) (38,533.5) 14,680.8
          Non-Banking Sector (218.2) 3,338.0
      External – –
     
Total (38,751.7) 18,018.8
* Being repayment of principal on Government Bonds and does not include the associated interest and other expenses.

Government Debts as at November 30, 2025 (Note 3)
    HK$410,245 million
Debts Guaranteed by Government as at November 30, 2025 (Note 4)
    HK$115,251 million
 
TABLE 2. FISCAL RESERVES

 
 
Month ended
November 30, 2025
HK$ million
Eight months ended
November 30, 2025
HK$ million
Fiscal Reserves at start of period 597,546.3 654,316.8
Consolidated Surplus/(Deficit) after issuance and repayment of Government Bonds 38,751.7 (18,018.8)
     
Fiscal Reserves at end of period
(Note 5)
636,298.0 636,298.0

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 November 30, 2025, was HK$170,055 million.
 
2. Includes transactions with the Exchange Fund and resident banks.
 
3. The Government Debts, with proceeds credited to the Capital Works Reserve Fund, comprise:
 
(i) the Green Bonds (equivalent to HK$203,190 million as at November 30, 2025) issued under the Government Sustainable Bond Programme. They were denominated in US dollars (US$11,250 million with maturity from January 2026 to January 2053), euros (5,880 million euros with maturity from February 2026 to November 2041), Renminbi (RMB34,500 million with maturity from February 2026 to July 2054) and Hong Kong dollars (HK$24,500 million with maturity from February 2026 to November 2027); 

(ii) the Infrastructure Bonds (equivalent to HK$97,710 million as at November 30, 2025) issued under the Infrastructure Bond Programme. They were denominated in Renminbi (RMB34,500 million with maturity from December 2025 to June 2055) and Hong Kong dollars (HK$59,730 million with maturity from February 2026 to June 2055); and
 
(iii) the Silver Bonds with nominal value of HK$109,345 million (with maturity in October 2027 and October 2028 and may be redeemed before maturity upon request from bond holders) issued under the Infrastructure Bond Programme.
 
     They do not include the outstanding bonds with nominal value of HK$124,194 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,786 million as at November 30, 2025) issued under the Government Bond Programme with proceeds credited to the Bond Fund. Of these bonds under the Government Bond Programme (including Silver Bonds with nominal value of HK$53,694 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$77,094 million will mature within the period from December 2025 to November 2026, and the rest within the period from December 2026 to May 2042.
 
4. Includes guarantees provided under the SME Loan Guarantee Scheme launched in 2001, the Special Loan Guarantee Scheme launched in 2008, the SME Financing Guarantee Scheme launched in 2012, the Loan Guarantee Scheme for Cross-boundary Passenger Transport Trade, the Loan Guarantee Scheme for Battery Electric Taxis and the Loan Guarantee Scheme for Travel Sector launched in 2023, and the commercial loan under Guaranteed Medium Term Note Programme of the Hong Kong Cyberport Management Company Limited.
 
5. Includes HK$249,817 million, being the balance of the Land Fund held in the name of “Future Fund”, for long-term investments up to December 31, 2030. The Future Fund also includes HK$4,800 million, being one-third of the actual surplus in 2015-16 as top-up.