Strive for high-quality development
Key proposals
- HKD 100 million to promote sustainable development of financial services
- Issue HKD 50 billion of Silver Bond and HKD 20 billion of retail green bonds and infrastructure bonds
- Inject HKD 500 million to launch “E-commerce Easy”, and provide up to HKD 1 million per enterprise for implementing e-commerce projects in the Chinese Mainland
- Stamp duties payable on the transfer of real estate investment trust (REIT) units and the jobbing business of option market-makers will be waived
- Allocate over HKD 1.09 billion to strengthen tourism development and organise events
- Earmark HKD 100 million to boost mega-event promotions for the next 3 years
- Allocate HKD 65 million to concessionary measures for Hong Kong-registered ships that have attained a high rating under international standards of decarbonisation
Innovation and Technology
Key proposals
- HKD 3 billion earmarked to launch a Frontier Technology Research Infrastructure Support Scheme
- HKD 2 billion to support the presence of the InnoHK research cluster in Hetao
- Allocate HKD 3 billion to support local universities, R&D institutes and enterprises to leverage its computing power
- HKD 6 billion to expedite establishment of life and health technology research institutes for universities
- Launch the New Industrialisation Acceleration Scheme and provide enterprises with up to HKD 200 million on a matching basis
- Allocate HKD 300 million to launch business version of “iAM Smart”
- An additional fund of HKD 100 million on providing digital training courses and technical support to the elderly
Creative arts branding and nurturing local talent
Key proposals
- Inject HKD 1.4 billion into Film Development Fund
- Inject HKD 2.9 billion into CreateSmart Initiative
- Allocate HKD 12 million to prepare for regulatory arrangements for local patent agent services
- HKD 100 million reserved to support self-financing post–secondary institutions to form an Alliance of Universities in Applied Sciences
Caring society
Key proposals
- Allocate HKD 130 million to support “Knowing More About IT” Programme. Providing subsidies of up to HKD 300,000 for each publicly funded primary school in the next 2 academic years to enhance primary school students’ interests in information technology and its applications
- Set aside HKD 680 million to support vocational and professional education, extending the Pilot Incentive Scheme to Employers and the Pilot Subsidy Scheme for Students of Professional Part-time Programmes for 5 years
- Number of Community Care Service Vouchers to increase to 11,000 in the year
- Number of Residential Care Service Vouchers for the Elderly to increase to 5,000 from second quarter of this year
- Implement a 3-year pilot scheme in 2024 to provide additional subsidy of HKD 500 per month for employed disabled recipients of CSSA
Land and housing
Key proposals
- 15,000 units from 8 residential sites under the 2024/25 Land Sale Programme, railway property developments, private development and redevelopment projects and projects undertaken by Urban Renewal Authority
- 2 commercial sites to provide about 120,000 square metres of commercial floor area, and 1 industrial site to provide 540,000 square metres of industrial floor area
- Public housing – identified sufficient land for 308,000 units
- Private housing - completion of 19,000 units annually on average in 5 years from 2024. The potential first-hand private residential unit supply for the next 3 to 4 years will be around 109,000 units
