2025-26 Budget
Hong Kong to raise capital for infra expansion
Hong Kong to raise capital for infra expansion
Capital works expenditure will increase to about $120b annually from the previously estimated $90b.
Gov't introduces one-off tax cut for 2024/25 tax year
A 100% reduction in profits tax, salaries tax, and tax under personal assessment has been proposed.
Govt adjusts stamp duty rates on property transactions
For properties valued up to $4m, buyers will pay a nominal duty of $100.
Hong Kong to review listing rules and virtual asset licensing
It will also explore enhancing measures for the issuance and transaction of digital bonds.
HK to extend Green Finance Capacity Building Support Scheme to 2028
To date, over 5,700 applications have already been approved under the scheme.
Gov't allocates $1.5b to support local enterprises expand globally
It will also help SMEs tap into Mainland markets and boost e-commerce.
Hong Kong strengthens ties with Global South markets
It also aims to enhance collaboration with ASEAN and Middle Eastern markets.
Hong Kong expands talent admission policies
This aims to boost manpower and address labour shortages.
Mainland firms urged to set up headquarters in Hong Kong
It will provide them one-stop professional consulting services.
190,000 public houses to be completed over next 5 years
About 17,000 private housing units will be built per year over the same period.
Hong Kong halts sales of commercial sites
But this move “will be effective for the next five years only," a property analyst said.
Economy to grow 2.9% annually from 2026-29: FS Chan
Inflation rate is forecasted to be 1.5% in 2025.
Hong Kong to build $1b AI Research & Development Institute
The institute will be formed by the Digital Policy Office.
‘Strategic’ enterprises to invest $50b in Hong Kong and generate 20,000 jobs
The OASES will announce the new batch in March 2025.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong