The 2025-26 Budget

Hong Kong's 2025-26 Budget: Driving Growth Through Reform and Innovation

On 26 February 2025, the Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan, announced the 2025-26 Budget, entitled 'Accelerating Development through Reform and Innovation'
 
The Budget presents a series of measures aimed at accelerating the cultivation of new quality productive forces. On innovation and technology (I&T), the Government will promote Hong Kong into an international exchange and co-operation hub for the AI industry. Through frontier research and real-world application, the Government will endeavour to develop AI as a core industry and empower traditional industries in their upgrading and transformation. To spearhead and support Hong Kong's innovative research and development as well as industrial application of AI, the Government will establish the Hong Kong AI Research and Development Institute and launch the Pilot Manufacturing and Production Line Upgrade Support Scheme. On finance, the Government will continue to take forward reforms to the listing regime, host the Hong Kong Global Financial and Industry Summit, and formulate a plan this year on promoting gold market development.

The 2025-26 Budget outlines a series of strategic measures to strengthen economic resilience, drive innovation, and enhance fiscal sustainability. A reinforced fiscal consolidation programme will focus on controlling government expenditure while increasing revenue, ensuring long-term financial stability and positioning Hong Kong for sustained growth.

For our European partners living, working, investing, and doing business in Hong Kong, please read this extra newsletter on the 2025-26 Budget to check out the key measures of interest. 
We invite you to also visit the 2025-26 Budget website and the press release to get to know more about the full announced budget. Or this leaflet.