HONG KONG SAR – Media OutReach Newswire – 16 September 2026 – Hong Kong’s Chief Government, John Lee, at this time (September 16) introduced his fifth Coverage Handle, placing ahead a sequence of measures to create growth alternatives and improve the well-being of the individuals.
“This 12 months marks the opening 12 months of the Nationwide fifteenth 5-12 months Plan. Within the thick of accelerating international modifications not seen in a century, the colourful momentum pushed by our nation’s strong power, monumental market and high-quality growth presents Hong Kong with boundless alternatives. We are going to higher develop our economic system and increase social well-being, beginning a brilliant new chapter for Hong Kong,” Mr Lee stated.
Entitled “A Strategic Imaginative and prescient for a Vivid New Period, Driving Reform and Boosting Improvement, Unleashing Alternatives and Enhancing Livelihood”, the Coverage Handle takes the First 5-12 months Plan for Financial and Social Improvement of the Hong Kong Particular Administrative Area (2026-2030) (Hong Kong’s First 5-12 months Plan) as its blueprint, and proposes quite a few key measures specializing in 5 main growth alternatives to advance high-quality growth.
To draw and retain high-calibre expertise, the Hong Kong Particular Administrative Area (HKSAR) Authorities will expedite the event of the Northern Metropolis College City to strengthen the town’s place as a global schooling hub. The HKSAR Authorities may also improve the analysis postgraduate locations by round 30 per cent and the quota for presidency scholarships by 200, and set up 5 new main academies for coaching worldwide expertise: the Worldwide Scientific Trial Academy, Maritime Academy, Hong Kong Worldwide Authorized Abilities Coaching Academy, Hong Kong Mental Property Academy and Hong Kong Worldwide Academy of Policing.
To advertise trade growth, the Coverage Handle proposes to speed up growth of a global gold buying and selling market and to discover a proposal to offer tax concessions for qualifying actions inside the gold and commodity buying and selling ecosystem. The HKSAR Authorities may also announce particulars of the brand new Renminbi-denominated and bodily settled gold futures contracts; discover the potential of rising the Trade Fund’s gold holdings, and regularly switch its bodily gold holdings to designated vaults appointed by the Hong Kong Treasured Metals Central Clearing Firm Restricted.
A variety of insurance policies are proposed to advertise trade growth, together with introducing specialty insurance coverage (e.g. commodity, industrial aerospace, and so forth.); injecting funding into the Synthetic Intelligence Subsidy Scheme to help the event of the clever computing trade; accelerating the adoption of medical innovation and trade chain growth to allow the general public to learn from higher and newer medication; and fostering a brand new financial panorama for the low-altitude and rising industries, akin to industrial aerospace.
The Authorities is growing six particular trade parks, together with the Loop Hong Kong Park, San Tin Technopole, Hung Shui Kiu Trade Park, Sandy Ridge Knowledge Facility Cluster and Hung Shui Kiu/Ha Tsuen trendy logistics cluster. Land can also be earmarked for constructing a complicated building trade park to extend funding alternatives for enterprises.
To draw enterprises to determine a foothold in Hong Kong, tax concessions will probably be granted on the idea of the worth introduced by enterprises, as a substitute of solely contemplating the trade sector. The Authorities will introduce an modification invoice this 12 months, offering preferential tax charges of 5 per cent, or half-rate, for chosen enterprises working in key sectors akin to finance, superior manufacturing, innovation and know-how, in addition to analysis and growth, headquarters actions and logistics and provide chain administration.
The HKSAR Authorities will absolutely help the work of the Worldwide Group for Mediation headquartered in Hong Kong, and construct a world capital of mediation. It can additionally drive the institution of the Worldwide Institute for the Unification of Personal Regulation in Hong Kong, help the Judiciary to advance the event of the Worldwide Industrial Courtroom, and set up the “Technique Committee on Mental Property Buying and selling Improvement” to help the Authorities in formulating methods and help measures for the promotion of mental property buying and selling.
Concerning worldwide co-operation, two United Nations (UN) organisations, the centre of excellence on international superior manufacturing and the Workplace on Medicine and Crime’s GlobE Community Asia Pacific Regional Bureau, will set up their presence in Hong Kong respectively. Elsewhere, the brand new WestK Performing Arts Centre, scheduled to open subsequent 12 months, will function 4 efficiency venues constructed to the very best worldwide theatre requirements, whereas Asian and worldwide sports activities associations will probably be inspired to determine a presence in Hong Kong.
“In the present day, Hong Kong is at a vital juncture in advancing from stability to prosperity. We’re absolutely conscious that formulating a complete, strategic roadmap is integral to our long-term growth. The Authorities has been persistent in mapping our manner by driving growth by way of reform. The first objective of our insurance policies is to allow financial growth that may profit the individuals of Hong Kong, and meet their aspirations for a greater life,” Mr Lee stated.
Please go to www.policyaddress.gov.hk for the small print and key factors of the Coverage Handle.
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