Hong Kong Business

The funding targets events and higher-spending visitors.

Financial Secretary Chan announces a 100% profits tax reduction in his Budget Speech.

The 2026 Budget targets 196,000 public housing units over five years, up 80%.

The 2026 Budget backs IP Academy and pilot scheme to turn R&D into tradable assets.

Budget says new facilities will lift capacity.

Budget flags more funding for HKIC.

Chief Executive to lead cross-bureau task force.

Capital Account will remain in the red until 2031, driven by a massive infrastructure push that will be funded by a bond program.

They will also help set up a trade association for the gold industry, said FS Chan.

The administration is exploring ways to encourage developers to partner with technology key enterprises.

The funding will be used on a pilot basis in collaboration with relevant organisations.

The move covers employees hired from 1 May 2025.

The funding ceiling of the “Easy BUD” will be raised to $150,000 per application.

It will cover Mainland and Hong Kong equities and debt.