Source: Hong Kong Government special administrative region
Government announces appointments to Advisory Committee on Mental Health
The membership of the ACMH from December 1 this year is as follows:————
Dr Lam Ching-choi————————–
Healthcare sector
# Dr Tony Chan Ngai-ho
# Professor Chan Wai-chi
* Dr Chang Wing-chung
* Dr Amos Cheung Chuen-yih
# Dr Vivian Hui Chi-ching
* Professor Patrick Ip Pak-keung
* Dr Lam Wing-wo
* Dr Peter Tsoi Ting-kwok
* Dr Josephine Grace Wong Wing-san
Social service and education sectors
# Miss Grace Chan Man-yee
* Miss Chan Sau-kam
# Mr Eddie Lam Tak-yuk
* Miss Vicky Leung Pui-ki
* Ms Rachel Leung Wai-ling
* Mr Tso Tat-ming
* Mr Terry Wong Chung-bao
* Professor Paul Yip Siu-fai
Lay persons
Miss Angel Chan Hoi-yi (Member Self-recommendation Scheme for Youth member)
*Ms Amy Chan Lim-chee
Mr Ikey Cheung Ho-yuen (Member Self-recommendation Scheme for Youth member)
*Miss Linda Choy Siu-min
*Dr Ferrick Chu Chung-man (Representative of Equal Opportunities Commission)
# Ms Lo Po-man
* Ms Shirley Marie Therese Loo
# Mr Ng To-lung
* Ms Barbara Tong
* Miss Sara Tong See-pui, SC
# Mr Ali Mohamad Zaiq
Ex-officio members
————————
Permanent Secretary for Health or representative
Permanent Secretary for Labour and Welfare or representative
Permanent Secretary for Education or representative
Director of Health or representative
Director of Social Welfare or representative
Director (Cluster Services), Hospital Authority
Chairman, Coordinating Committee in Psychiatry, Hospital Authority
Principal Executive Manager (Health) 3A (Secretary)
Note:
# New appointments
* Reappointments
Issued at HKT 17:25
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Remarks by S for S at media session on No. 5 alarm fire in Tai Po
Source: Hong Kong Government special administrative region – 4
The Secretary for Security, Mr Tang Ping-keung; the Acting Commissioner of Police, Mr Kan Kai-yan; the Director of Fire Services, Mr Andy Yeung; the Deputy Director of Fire Services (Operations), Mr Derek Armstrong Chan; and the Regional Commander of New Territories North, Ms Lam Man-han, met the media today (November 28) on the No. 5 alarm fire in Tai Po. Following are their remarks at the media session:
Reporter: Can you tell us whether there is gonna be any compensation for the residents? A lot of them right now thinking about how they can get… (inaudible). Secondly, can you give us an update on the corruption investigation regarding the construction company?
Secretary for Security: First of all, investigation regarding any corruption allegation or investigations will be done by the ICAC (Independent Commission Against Corruption). Secondly, you talked about compensation. About financial assistance to all the victims and their families, our Government has different schemes to support their families. I also understand that a lot of private organisations are also organising it. As a matter of fact, Secretary Alice Mak (Secretary for Home and Youth Affairs) and Secretary Chris Sun (Secretary for Labour and Welfare) will hold a separate press conference later to elaborate on all the financial assistance and other kinds of assistance that we can offer to the victims and their families.
Reporter: It has been three days after the fire, why isn’t there any basic demographic of the deceased or the injured as you already got the information and condition of the people? Why don’t you release them to the public?
Secretary for Security: Thank you very much. In fact we are releasing the information right now. As a matter of fact, for the time being, there are 128 diseased individuals that we discovered, including 108 bodies we removed from the scene and four who passed away in the hospital. There are 16 burned bodies that are still inside the building. In fact, our Police, as a special team, they are going to deal with all the missing persons or identities of the deceased. Maybe we can repeat the phone number. You can make a call with the phone number.
Acting Commissioner of Police: We have set up a Casualty Enquiry Unit and a hotline. The hotline number is 1878 999, 1878 999. Thank you.
Reporter: (Inaudible)
Secretary for Security: I think we need time to get all the details. As I said, even some of the deceased we cannot fully identify. At an appropriate time, when we gather all the information, we are happy to release all the information that the public is concerned about. There is nothing the Government is unwilling to release.
(Please also refer to the Chinese portion of the remarks.)
Proposed road improvement works at Sha Po, Yuen Long gazetted
Source: Hong Kong Government special administrative region – 4
The Government gazetted today (November 28) the proposed road works at Sha Po, Yuen Long, to serve the proposed comprehensive development project and improve the traffic facilities in that area.
Details of the proposal are set out in the Annex. The plan and scheme of the works are available for public inspection at the following government offices during office hours:
Central and Western Home Affairs Enquiry Centre,
G/F, Harbour Building,
38 Pier Road, Central, Hong Kong
Yuen Long Home Affairs Enquiry Centre,
G/F, Yuen Long District Office Building,
269 Castle Peak Road, Yuen Long, New Territories
District Lands Office, Yuen Long,
9/F, Yuen Long Government Offices,
2 Kiu Lok Square, Yuen Long, New Territories
The gazette notice, scheme, plan and location plan are available at www.tlb.gov.hk/eng/publications/transport/gazette/gazette.html.
Any person who wishes to object to the works or the use, or both, is required to address to the Secretary for Transport and Logistics an objection in writing, which can be submitted via the following means:
- By post or by hand to the Transport and Logistics Bureau’s Drop-in Box No. 6 located at the entrance on 2/F, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong. The box is available for use between 8am and 7pm from Monday to Friday (except public holidays);
- By fax to 2868 4643; or
- By email to gazettetlb@tlb.gov.hk.
A notice of objection should describe the objector’s interest and the manner in which he or she alleges that he or she will be affected by the works or the use. Objectors are requested to provide contact details to facilitate communication. A notice of objection should be delivered to the Secretary for Transport and Logistics not later than January 27, 2026.
Government’s financial results for seven months ended October 31, 2025
Source: Hong Kong Government special administrative region
The Government announced today (November 28) its financial results for the seven months ended October 31, 2025.
Expenditure and revenue from April to October 2025 amounted to HK$438.9 billion and HK$292.4 billion respectively, resulting in a deficit of HK$56.8 billion after taking into account HK$116.6 billion received from issuance of Government Bonds and repayment of HK$26.9 billion principal on Government Bonds.
A Government spokesperson said that the deficit for the period was 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 fiscal reserves stood at HK$597.5 billion as at October 31, 2025.
Detailed figures are shown in Tables 1 and 2.
TABLE 1. CONSOLIDATED ACCOUNT (Note 1)
| Month ended October 31, 2025 HK$ million |
Seven months ended October 31, 2025 HK$ million |
|
| Revenue | 57,189.6 | 292,463.7 |
| Expenditure | (65,685.3) | (438,915.0) |
| Deficit before issuance and repayment of Government Bonds |
(8,495.7) | (146,451.3) |
| Proceeds received from issuance of Government Bonds |
55,000.0 | 116,555.8 |
| Repayment of Government Bonds* |
(75.9) | (26,875.0) |
| Surplus/(Deficit) after issuance and repayment of Government Bonds |
46,428.4 | (56,770.5) |
| Financing | ||
| Domestic | ||
| Banking Sector (Note 2) | (46,384.4) | 53,214.3 |
| Non-Banking Sector | (44.0) | 3,556.2 |
| External | – | – |
| Total | (46,428.4) | 56,770.5 |
| * Being repayment of principal on Government Bonds and does not include the associated interest and other expenses. | ||
Government Debts as at October 31, 2025 (Note 3)
HK$392,275 million
Debts Guaranteed by Government as at October 31, 2025 (Note 4)
HK$115,706 million
TABLE 2. FISCAL RESERVES
| Month ended October 31, 2025 HK$ million |
Seven months ended October 31, 2025 HK$ million |
|
| Fiscal Reserves at start of period | 551,117.9 | 654,316.8 |
| Consolidated Surplus/(Deficit) after issuance and repayment of Government Bonds |
46,428.4 | (56,770.5) |
| Fiscal Reserves at end of period (Note 5) |
597,546.3 | 597,546.3 |
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 October 31, 2025, was HK$170,157 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$192,217 million as at October 31, 2025) issued under the Government Sustainable Bond Programme. They were denominated in US dollars (US$10,950 million with maturity from January 2026 to January 2053), euros (5,580 million euros with maturity from February 2026 to November 2041), Renminbi (RMB32,000 million with maturity from February 2026 to July 2054) and Hong Kong dollars (HK$22,000 million with maturity from February 2026 to October 2026);
(ii) the Infrastructure Bonds (equivalent to HK$90,623 million as at October 31, 2025) issued under the Infrastructure Bond Programme. They were denominated in Renminbi (RMB31,250 million with maturity from December 2025 to June 2055) and Hong Kong dollars (HK$56,480 million with maturity from November 2025 to June 2055); and
(iii) the Silver Bonds with nominal value of HK$109,435 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$124,262 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,770 million as at October 31, 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$53,762 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$77,162 million will mature within the period from November 2025 to October 2026, and the rest within the period from November 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, and 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.
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.
Record of discussion of meeting of Exchange Fund Advisory Committee Currency Board Sub-Committee held on October 20
Source: Hong Kong Government special administrative region – 4
The following is issued on behalf of the Hong Kong Monetary Authority:
(Approved for issue by the Exchange Fund Advisory Committee by circulation)
Report on Currency Board Operations (June 21 – October 8, 2025)
—————————————————————————
The Currency Board Sub-Committee (Sub-Committee) noted that the Hong Kong dollar (HKD) traded within a range of 7.7705 – 7.8500 against the US dollar (USD) during the review period. The HKD stayed close to the weak-side Convertibility Undertaking (CU) between mid-June and mid-August, and the weak-side CU was triggered 12 times during the review period. With the HKMA buying HK$119.95 billion under the weak-side CU, the Aggregate Balance fell correspondingly to around HK$54 billion. Since mid-August, the HKD had strengthened as short-term HKD interbank rates (HIBORs) firmed and net buying flows through Southbound Stock Connect continued. While HIBORs generally tracked their USD counterparts under the Linked Exchange Rate System, they were also influenced by the local supply and demand of HKD funding. Amid the reduction in the Aggregate Balance, HIBORs picked up since mid-August and the negative HKD-USD interest rate spread narrowed. Meanwhile, following the decrease in the target range for the US federal funds rate in mid-September, many banks reduced their Best Lending Rates by 12.5 basis points, and the Best Lending Rates in the market ranged from 5.125 per cent – 5.625 per cent at the end of the review period. No abnormality was noted in the usage of the Discount Window. Overall, the HKD exchange and interbank markets continued to trade in a smooth and orderly manner.
The Sub-Committee noted that the Monetary Base decreased to HK$2,020.69 billion at the end of the review period. In accordance with the Currency Board principles, all changes in the Monetary Base had been fully matched by changes in foreign reserves.
The Report on Currency Board Operations for the review period is at Annex.
Monitoring of Risks and Vulnerabilities
——————————————-
The Sub-Committee noted that the US economy showed signs of softening amid higher tariffs, with inflation rising on the one hand and labour demand losing momentum on the other. Meanwhile, market concerns over fiscal and policy developments had affected long-term US Treasury bond yields. The recent US government shutdown added further uncertainty to the US economic outlook. While Asia recorded resilient growth in the first half of 2025, lingering trade policy uncertainty and the potential effects of direct and indirect US tariffs on the broader region would continue to weigh on Asia’s integrated supply chain networks.
The Sub-Committee noted that in the Chinese Mainland, growth momentum moderated in Q3. The near-term economic outlook was clouded by various uncertainties and risks, such as additional tariffs and their repercussions on global trade, as well as renewed softness in the local housing market.
The Sub-Committee noted that in Hong Kong, the economy maintained solid growth in Q2 on the back of strong exports performance and improved domestic demand. Looking ahead, the Hong Kong economy was expected to sustain moderate growth, driven by various factors such as government support, the Mainland’s economic stimulus measures, and stabilising asset markets. The housing market stabilised further alongside strengthened market sentiment, whereas the commercial real estate markets continued to face challenges of high vacancy rates.
Updates on Interbank Liquidity and Interbank Interest Rates
——————————————————————–
The Sub-Committee received an update on the relationship between HKD interbank liquidity and interbank interest rates, incorporating recent market observations and insights.
Residential Mortgage Survey Results for October 2025
Source: Hong Kong Government special administrative region – 4
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority announced the results of the residential mortgage survey for October 2025.
The number of mortgage applications in October decreased month-on-month by 0.7 per cent to 8 255.
Mortgage loans approved in October were HK$31.3 billion, broadly unchanged compared with September. Among these, mortgage loans financing primary market transactions decreased by 2.1 per cent to HK$12.4 billion and those financing secondary market transactions increased by 3.4 per cent to HK$16 billion. Mortgage loans for refinancing decreased by 8.4 per cent to HK$3 billion.
Mortgage loans drawn down during October decreased by 3.5 per cent compared with September to HK$20.1 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 92.6 per cent in September to 91.9 per cent in October. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.5 per cent in September to 1.3 per cent in October.
The outstanding value of mortgage loans increased month-on-month by 0.8 per cent to HK$1,907.4 billion at end-October.
The mortgage delinquency ratio stood at a low level of 0.13 per cent and the rescheduled loan ratio was unchanged at nearly 0 per cent.
Tender of 1-year RMB HKSAR Institutional Government Bonds to be held on December 4
Source: Hong Kong Government special administrative region – 4
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (November 28) that a tender of 1-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on December 4, 2025 (Thursday), for settlement on December 8, 2025 (Monday).
A total of RMB1.0 billion 1-year RMB Bonds will be tendered. The Bonds will mature on December 8, 2026 and will carry interest at the rate of 1.60 per cent per annum payable semi-annually in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK
HKSAR Institutional Government Bonds Tender Information
Tender information of 1-year RMB HKSAR Institutional Government Bonds:
| Issue Number | : | 01GB2612001 |
| Stock Code | : | 85100 (HKGB1.60 2612-R) |
| Tender Date and Time | : | December 4, 2025 (Thursday) 9.30am to 10.30am |
| Issue and Settlement Date | : | December 8, 2025 (Monday) |
| Amount on Offer | : | RMB1.0 billion |
| Maturity | : | 1 year |
| Maturity Date | : | December 8, 2026 (Tuesday) |
| Interest Rate | : | 1.60 per cent p.a. payable semi-annually in arrear |
| Interest Payment Dates | : | June 8 and December 8 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website. |
| Method of Tender | : | Competitive tender |
| Tender Amount | : | Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list. |
| Other Details | : | Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers. |
| Expected commencement date of dealing on the Stock Exchange of Hong Kong Limited |
: | December 9, 2025 (Tuesday) |
| Use of Proceeds | : | The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website. |
Tender for re-opening of 5-year RMB HKSAR Institutional Government Bonds to be held on December 4
Source: Hong Kong Government special administrative region – 4
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (November 28) that a tender of 5-year RMB institutional Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB3005001 under the Infrastructure Bond Programme will be held on December 4, 2025 (Thursday), for settlement on December 8, 2025 (Monday).
An additional amount of RMB1.0 billion of the outstanding 5-year Bonds (issue no. 05GB3005001) will be on offer. The Bonds will mature on May 15, 2030, and will carry interest at the rate of 1.97 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on November 28, 2025, are 100.42 with a semi-annualised yield of 1.873 per cent.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK
HKSAR Institutional Government Bonds Tender Information
Tender information of 5-year RMB HKSAR Institutional Government Bonds:
| Issue Number | : | 05GB3005001 |
| Stock Code | : | 85023 (HKGB1.97 3005-R) |
| Tender Date and Time | : | December 4, 2025 (Thursday) 9.30am to 10.30am |
| Issue and Settlement Date | : | December 8, 2025 (Monday) |
| Amount on Offer | : | RMB1.0 billion |
| Maturity | : | 5 years |
| Remaining maturity | : | Approximately 4.4 years |
| Maturity Date | : | May 15, 2030 (Wednesday) |
| Interest Rate | : | 1.97 per cent p.a. payable semi-annually in arrear |
| Interest Payment Dates | : | May 15 and November 15 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website. |
| Method of Tender | : | Competitive tender |
| Tender Amount | : | Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
The accrued interest to be paid by successful bidders on the issue date (December 8, 2025) for the tender amount is RMB56.67 per minimum denomination of RMB50,000. (The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 due to rounding). |
| Other Details | : | Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers. |
| Expected commencement date of dealing on the Stock Exchange of Hong Kong Limited |
: | The tender amount is fully fungible with the existing 05GB3005001 (Stock code: 85023) listed on the Stock Exchange of Hong Kong. |
| Use of Proceeds | : | The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website. |
Import of poultry meat and products from District of Anhalt-Bitterfeld of State of Sachsen-Anhalt 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 (November 28) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in the District of Anhalt-Bitterfeld of the State of Sachsen-Anhalt in Germany, the CFS has instructed the trade to suspend the import of poultry meat and products, including poultry eggs, from the area 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 60 tonnes of frozen poultry meat from Germany in the first nine months of this year.
“The CFS has contacted the German authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.
Key Statistics on Business Performance and Operating Characteristics of Information and Communications, Financing and Insurance, Professional and Business Services Sectors in 2024
Source: Hong Kong Government special administrative region – 4
According to the results of the 2024 Annual Survey of Economic Activities – Information and Communications, Financing and Insurance, Professional and Business Services Sectors released today (November 28) by the Census and Statistics Department (C&SD), the financing (except banking) industry recorded the largest total receipts in 2024, followed by insurance; banking; information and communications; professional, scientific and technical activities; and administrative and support service activities.
In the financing (except banking) industry, total receipts increased by 4.8% over 2023 to $732.9 billion in 2024. On a per company basis, total receipts increased by 1.4% compared with 2023 to $73.1 million in 2024. Operating expenses and compensation of employees together increased by 7.5% year-on-year to $357.3 billion in 2024. Gross surplus, which is equal to total receipts less operating expenses, compensation of employees and (where applicable) cost of goods sold, increased by 2.4% over 2023 to $375.6 billion in 2024, accounting for 51.3% of total receipts in 2024. Industry value added (except investment and holding companies), which is a broad measure of its contribution to Hong Kong’s Gross Domestic Product (GDP), increased by 13.3% compared with 2023 to $122.8 billion in 2024. In 2024, the financing (except banking) industry comprised about 10 000 companies and engaged about 96 400 persons, or an average of 9.6 persons per company.
In the insurance industry, total receipts amounted to $728.6 billion in 2024, representing an increase of 7.4% compared with 2023. On a per company basis, total receipts increased by 11.3% compared with 2023 to $269.1 million in 2024. Operating expenses and compensation of employees together increased by 12.9% year-on-year to $73.6 billion in 2024. In 2024, the insurance industry comprised about 2 700 companies and engaged about 83 000 persons, or an average of 30.6 persons per company.
In the banking industry, total receipts amounted to $611.7 billion in 2024, representing an increase of 5.1% compared with 2023. On a per company basis, total receipts increased by 8.7% compared with 2023 to $3.0 billion in 2024. Operating expenses and compensation of employees together increased by 6.6% year-on-year to $271.5 billion in 2024. In 2024, the banking industry comprised 203 companies and engaged about 98 500 persons, or an average of 485.0 persons per company.
Owing to the special features of business operations for the banking industry and the insurance industry, gross surplus and industry value added statistics are not compiled for these industries. Statistics on value added in respect of these two industries compiled under the framework of GDP are released by the C&SD separately. Similarly, within the financing (except banking) industry, industry value added is not compiled for investment and holding companies. Hence, the figure of industry value added for this industry does not cover investment and holding companies.
In the information and communications sector, total receipts amounted to $259.1 billion in 2024, representing an increase of 2.8% compared with 2023. On a per company basis, total receipts increased slightly by 0.7% over 2023 to $22.5 million in 2024. Operating expenses and compensation of employees together increased by 3.5% year-on-year to $179.7 billion in 2024. Gross surplus decreased by 3.7% over 2023 to $58.8 billion in 2024, accounting for 22.7% of total receipts in 2024. Industry value added increased by 1.8% compared with 2023 to $104.0 billion in 2024. In 2024, the information and communications sector comprised about 11 500 companies and engaged about 102 000 persons, or an average of 8.9 persons per company.
In the professional, scientific and technical activities sector, total receipts amounted to $163.5 billion in 2024, representing an increase of 2.1% compared with 2023. On a per company basis, total receipts increased slightly by 0.8% over 2023 to $5.8 million in 2024. Operating expenses and compensation of employees together increased by 3.0% year-on-year to $133.7 billion in 2024. Gross surplus decreased by 1.3% over 2023 to $28.4 billion in 2024, accounting for 17.4% of total receipts in 2024. Industry value added decreased by 1.9% compared with 2023 to $87.9 billion in 2024. In 2024, the professional, scientific and technical activities sector comprised about 28 400 companies and engaged about 153 600 persons, or an average of 5.4 persons per company.
In the administrative and support service activities sector, total receipts amounted to $136.9 billion in 2024, representing an increase of 13.9% compared with 2023. On a per company basis, total receipts increased by 12.5% over 2023 to $11.9 million in 2024. Operating expenses and compensation of employees together increased by 13.3% year-on-year to $123.7 billion in 2024. Gross surplus increased by 20.4% over 2023 to $12.2 billion in 2024, accounting for 8.9% of total receipts in 2024. Industry value added increased by 6.9% compared with 2023 to $64.5 billion in 2024. In 2024, the administrative and support service activities sector comprised about 11 500 companies and engaged about 236 200 persons, or an average of 20.5 persons per company.
Selected statistics for the sectors mentioned above are shown in the attached table. More detailed statistics will be given in the reports “Key Statistics on Business Performance and Operating Characteristics of the Information and Communications Sector in 2024” and “Key Statistics on Business Performance and Operating Characteristics of the Financing and Insurance, Professional and Business Services Sectors in 2024”. Users can browse and download these reports at the website of the C&SD (www.censtatd.gov.hk/en/scode560.html and www.censtatd.gov.hk/en/scode570.html) as from end-December 2025.
For enquiries about the key statistics on business performance and operating characteristics of the information and communications, financing and insurance, professional and business services sectors, please contact the Business Services Statistics Section of the C&SD (Tel: 3903 7268 or email: business-services@censtatd.gov.hk).