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).

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 ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

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.

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 ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

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.

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.

International Organizations (Privileges and Immunities)(International Organization for Mediation) Order gazetted

Source: Hong Kong Government special administrative region

International Organizations (Privileges and Immunities)(International Organization for Mediation) Order gazetted      
     The Order seeks to recognise the legal status of the IOMed in the HKSAR and implement the privileges and immunities as provided under the Convention.Issued at HKT 12:04

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Government appoints members to Hospital Authority

Source: Hong Kong Government special administrative region – 4

     The Government announced today (November 28) the reappointment of two serving members and the appointment of two new members to the Hospital Authority (HA) for a period of two years from December 1, 2025, to November 30, 2027.

     The serving members reappointed are Ms Maisy Ho Chiu-ha and Mr Wan Man-yee, while the two newly appointed members are Mr John Kwong Ka-sing and Mr Victor Lam Wai-kiu. 

     Mr Kwong is the Vice-President for Development of the Hong Kong University of Science and Technology. 

     Mr Lam is the former Government Chief Information Officer. He is currently a member of the Public Service Commission, the Advisory Committee on Post-service Employment of Civil Servants, and the Committee of the Artificial Intelligence Subsidy Scheme.

     The Secretary for Health, Professor Lo Chung-mau, welcomed the two new members to the HA. He also expressed gratitude to the serving members reappointed and extended heartfelt thanks to the two outgoing members, Mr Duncan Chiu and Mr Billy Wong Wing-hoo, for their invaluable contributions to the HA. 
 
     The HA comprises a Chairman, 22 non-official members, three public officers and one principal officer from the HA. The membership list to be effective from December 1, 2025, is as follows:

Chairman
———— 
Mr Henry Fan Hung-ling

Non-official members
————————-
Dr Rex Auyeung Pak-kuen 
Professor Anthony Chan Tak-cheung
Ms Margaret Cheng Wai-ching 
Professor Philip Chiu Wai-yan
Ms Winnie Chiu Wing-kwan
Ms Anita Fung Yuen-mei 
Ms Maisy Ho Chiu-ha
Ms Mary Huen Wai-yi
Ms Tennessy Hui Mei-sheung
Mr Jat Sew-tong
Mr Matthew Kwok Pui-ho
Mr John Kwong Ka-sing
Mr Victor Lam Wai-kiu
Mrs Sylvia Lam Yu Ka-wai
Professor Lau Chak-sing
Professor David Shum Ho-keung 
Mr Henry Tong Sau-chai
Mr Anthony Tsang Hin-fun
Dr Thomas Tsang Ho-fai
Mr Wan Man-yee
Professor Janet Wong Yuen-ha
Professor Zhang Zhang-jin

Public Officers
—————–
Permanent Secretary for Health, Mr Thomas Chan
Director of Health, Dr Ronald Lam
Deputy Secretary for Financial Services and the Treasury (Treasury) Ms Ann Chan

HA Principal Officer
———————–
Chief Executive of the HA, Dr Libby Lee

Support provided for Tai Po schools

Source: Hong Kong Information Services

To support schools and students to cope with the impact of the No. 5 alarm fire in Tai Po, the Education Bureau today said that it will provide a Special Incident Assistance Grant of $100,000 to each primary and secondary school (including special schools) and $50,000 to each kindergarten in the district.

Schools may flexibly deploy the grant to give students, teachers and parents appropriate assistance, which includes providing psychological counselling services and purchasing learning-related items for affected students.

In addition, the Jockey Club, with the assistance of schools, will offer $5,000 to each affected student through the Jockey Club Emergency Relief Fund to address their immediate learning needs.

The bureau will hold five online seminars in Chinese on psychological support for special incidents tomorrow and on Sunday for teachers and parents.

The seminars aim to assist school personnel and parents in taking care of students/children with traumatic experiences. Speakers include a psychiatrist, a psychologist and a social worker.

If any school premises have been damaged due to the fire, the bureau will provide repair services through emergency repair works as soon as possible to ensure its safety.

The bureau added that its educational psychologists and District School Development Sections officers will continue to maintain close contact with the schools and provide necessary assistance.

Oct mortgage loans unchanged

Source: Hong Kong Information Services

The value of residential mortgage loans approved in October was $31.3 billion, broadly unchanged compared with September, the Monetary Authority announced today.

Among these, mortgage loans financing primary market transactions decreased 2.1% to $12.4 billion, while those financing secondary market transactions increased 3.4% to $16 billion.

Loans for refinancing fell 8.4% to $3 billion.

Mortgage loans drawn down during October amounted to $20.1 billion, a 3.5% drop from September.

The number of mortgage applications in October dipped 0.7% to 8,255.

The outstanding value of mortgage loans increased 0.8% month-on-month to $1.9074 trillion at end-October.

Govt actively advances fire response

Source: Hong Kong Information Services

In view of the fire at Wang Fuk Court in Tai Po that has caused multiple casualties, the Chief Executive convened another meeting today to co-ordinate all policy bureaus and departments, actively advancing the response efforts in four key areas: extinguishing the fire and rescuing trapped residents; treating the injured; providing post-incident support; and conducting a comprehensive investigation.

Among the eight buildings in Wang Fuk Court, the fires in seven affected blocks are largely under control. The Fire Services Department (FSD) is continuing its full effort in completing the search and rescue and firefighting operations on the remaining floors. During the blaze, the department received 346 requests for assistance and handled 296 of them.

The Primary Healthcare Commission co-ordinated professionals from the public and private medical sectors to set up medical stations at all temporary shelters. The medical stations provide medical assistance for residents in need from 8am to 8pm daily, assisting in managing non-emergency medical needs.

As for post-incident support, the Chief Executive has instructed the Civil Service Bureau to activate the “Government-wide Mobilisation” mechanism to ensure sufficient manpower for all necessary follow-up actions. All government-organised celebratory events will be cancelled or postponed, and officials will reduce attendance at non-essential public activities so as to focus on relief and recovery efforts.

The Government will arrange memorial activities, including flying flags at half-mast at government buildings, holding memorial services and setting up condolence books for the public.

To meet the short to medium-term accommodation needs of affected residents, the Government has opened nine shelters, which are currently being used by over 500 residents.

The Home & Youth Affairs Bureau has liaised with youth hostels and hotels, which will provide around 1,000 units for affected residents to stay in immediately for one to two weeks. Resources are being co-ordinated for transitional housing and dedicated rehousing units from the Housing Society, with an estimated 1,800 units to be made available later to meet the residents’ needs.

In addition, the Social Welfare Department has mobilised social workers, clinical psychologists and support staff to provide “one social worker per household” assistance, including emotional support, financial assistance, and residential care and occasional child care services. The department will closely liaise with relevant departments to offer necessary assistance to those affected.

The Education Bureau has immediately contacted the school heads associations in Tai Po and schools near Wang Fuk Court to co-ordinate class suspension arrangements for the affected schools. It has also deployed staff to give emotional support to students at the temporary shelters.

Starting tonight, the Government will provide an emergency subsidy of $10,000 to each affected household as immediate relief. It has concurrently established the “Support Fund for Wang Fuk Court in Tai Po”, allocating $300 million as start-up capital to assist residents and support all relevant work.

The fund started to accept donations at 7pm. Its designated bank accounts at the Bank of China (Hong Kong) are: Hong Kong dollar donation account 012-875-2-190159-7 and foreign-currency donation account 012-875-2-190160-7.

As for funeral arrangements for the deceased, if affected residents require cremation services or columbarium niches, the Food & Environmental Hygiene Department will make special arrangements and provide full support.

Police have arrested two male directors and a male engineering consultant of a construction company, and seized for further inspection the materials at the scene that may not have met regulatory standards. Once the fire is extinguished and on-site safety is confirmed, Police will co-ordinate with the FSD to gather evidence and conduct a thorough investigation to ascertain the cause of the blaze.

Separately, the Buildings Department (BD) and the Housing Bureau’s Independent Checking Unit have issued a letter to all registered building professionals and registered contractors, requiring them to review relevant records or test certificates relating to fire retardant properties of the protective nets and the like used in scaffolds for ongoing projects.

The letter recipients must submit a report to the BD within seven days, after which the department will conduct audit checks. At the same time, the Architectural Services Department (ArchSD) has required contractors of building projects under public works contracts to review and submit the aforesaid information within seven days. The ArchSD will also conduct audit checks.

Additionally, the BD has launched a special operation to inspect all buildings that are undergoing external wall renovations with scaffolding and protective nets. It will proactively check the records or test certificates relating to fire retardant properties of the protective nets and the like used in scaffolds, and collect samples for testing.

The registered contractor responsible for the maintenance works at Wang Fuk Court is currently involved in 11 other private residential building projects. The BD has inspected the relevant sites and will take appropriate follow-up action.

The Development Bureau has discussed with the industry the roadmap for advancing the replacement of bamboo scaffolding with metal scaffolding. The bureau also requested the industry’s co-operation with the inspection and audit checks. The BD will review the relevant requirements, guidelines and legislation regulating the erection of scaffolding, be they metal or bamboo, and associated protective nets, and will consider if there is a need for strengthening or enhancement.

As at 8pm today, the No. 5 alarm fire in Tai Po has resulted in 65 deaths and 77 injuries, including one fireman among the deceased.

To better co-ordinate follow-up action, the Government has established three working groups to take forward the relevant work: an inspection and regulatory working group led by the Chief Secretary, an emergency assistance and fundraising group led by the Deputy Chief Secretary and an emergency residential arrangement working group led by the Deputy Financial Secretary.

President Lai presides over sixth meeting of Healthy Taiwan Promotion Committee

Source: Republic of China Taiwan

On the afternoon of November 27, President Lai Ching-te presided over the sixth meeting of the Healthy Taiwan Promotion Committee. In his opening statement, the president expressed his gratitude for the Taiwan e-Hospital online medical consultation website established by the Ministry of Health and Welfare, and the “100 Doctors Forum” program released by the Cih Yue Charity Foundation, all accomplished with the support of various ministries, agencies, and experts, noting that these initiatives not only raise the public’s health literacy but also demonstrate the achievements of cross-sector cooperation.
President Lai noted that Taiwan has become a super-aged society, and that with dramatic increases in demand for long-term care, the government is launching the Long-term Care 3.0 Plan to achieve the vision for healthy aging, aging in place, and dignified end-of-life care. In addition, the president stated that starting from the global governance context of One Health, we are proposing an integrated national epidemic prevention policy, in the hope of protecting the health of the people of Taiwan and enhancing societal resilience through public-private cooperation.
A translation of President Lai’s opening statement follows:
Today is the sixth meeting of the Healthy Taiwan Promotion Committee. I would like to thank all the advisors and committee members for their many valuable suggestions over the past year, helping the administrative team, civil society groups, and front-line healthcare personnel jointly promote Healthy Taiwan policies. For example, at the third committee meeting in February this year, I mentioned that a Healthy Taiwan e-learning platform should be established to improve public awareness of various diseases by drawing on the knowledge of experts in various fields.
Now, the Ministry of Health and Welfare (MOHW) has set up a Taiwan e-Hospital website that incorporates 32 hospitals, covers 33 clinical departments such as internal medicine, obstetrics and gynecology, and dermatology, and includes a total of over 200 attending physicians, nutritionists, pharmacists, and nurses who provide free online medical consultations.
The “100 Doctors Forum” program, filmed with resources from the private Cih Yue Charity Foundation, also came online at the end of October. The program addresses the top ten causes of death in Taiwan and other common diseases, inviting the top 100 physicians with the most public trust and clinical experience in the country to deliver accurate and practical health knowledge in a simple and easy-to-understand manner.
These advances crystalize the wisdom and efforts of all the advisors and committee members, and here I would like to thank the experts from various fields for their generous advice. I also want to thank the administrative team for actively implementing those initiatives, making our vision a reality.
In addition to a status report on items listed at the last meeting, today’s agenda also includes two reports from the MOHW on the Long-term Care 3.0 Plan and the integrated national epidemic prevention policy.
Beginning in 2007, Taiwan began promoting the National Ten-year Long-term Care Plan. Over the past 18 years, that plan has upheld the principles of diversified accessibility and aging in place, broadly distributing service resources and expanding the number of services available so that the public can enjoy convenient and affordable services.
Especially after the Long-term Care 2.0 Plan was implemented in 2017, long-term care expenditures and caregiver workforce, as well as the number of patients served and long-term care service sites have all grown dramatically. Taiwan’s long-term care system is now better, more affordable, and more accessible. The system has a service satisfaction rating of up to 90 percent and is widely praised by the public.
But we cannot let these achievements make us complacent. This year, Taiwan has become a super-aged society, and with a rapidly growing elderly population, long-term care programs face many severe challenges. We will therefore proactively launch Long-term Care 3.0 next year to enhance all aspects of long-term care.
We will adopt a human-centered and community-based approach, and achieve our health promotion and active rehabilitation goals through various forward-looking, effective strategies. We will also introduce smart care, bolster family support, and increase the capacity of institutions, so that medical care can be more closely integrated.
Today we will hear a report presenting a complete plan to respond to the long-term care service needs and diversified challenges of the future, thereby achieving the Long-term Care 3.0 vision for healthy aging, aging in place, and dignified end-of-life care.
In addition to the challenges of a super-aged society, emerging infectious pathogens, climate change, and ecosystem changes in recent years have also impacted human, animal, and plant health. Avian flu, mad cow disease, COVID-19, and dengue fever are all familiar infectious diseases, and they are all closely connected to the ecosystem.
Faced with complex and ever-changing circumstances, we must start from the global governance context of One Health and propose an integrated national epidemic prevention policy that sees the health of humans, animals, plants, and the environment as a whole. We must combine cross-ministry and cross-domain expertise to form a “community of action,” integrate institutional frameworks, and propose integrated cross-departmental countermeasures. We must also be proactive to protect the health of the people of Taiwan and enhance societal resilience.
The Healthy Taiwan initiative requires the participation of all citizens. Once again, I want to thank all the advisors and committee members for doing their utmost and contributing their expertise to enable the government to plan policies from a more diverse perspective. I would also like to thank the administrative team and civil society groups for actively implementing various policies through public-private cooperation, and working together for the health of the people of Taiwan. Thank you.
Following his statement, President Lai heard a report on the progress of certain items listed in the fifth committee meeting from Deputy Executive Secretary and MOHW Minister Shih Chung-liang (石崇良), a report on the Long-term Care 3.0 Plan from MOHW Deputy Minister Lue Jen-der (呂建德), and a report on the integrated national epidemic prevention policy from MOHW Deputy Minister Chuang Jen-hsiang (莊人祥). Afterward, President Lai exchanged views with the committee members regarding the content of the reports.