Hong Kong Financial Secretary Chan says in Budget Address that 2025 GDP rose 3.5% and the domestic economic trend is to continue to be good in 2026
Newsquawk Staff ·
- Sees 2026 GDP at 2.5%-3.5% and average growth of 3.0% per year in real terms for 2027-2030.
- City will deepen integration in line with China's 5-year plan.
- Hong Kong will unveil its first dedicated five-year development plan.
- The blueprint is intended to speed up progress in the Northern Metropolis.
- Authorities will step up efforts to attract capital and skilled professionals.
- Legislation related to the Northern Metropolis is slated for introduction in mid-2026.
- Plans include rolling out an AI+ strategy alongside broader industry initiatives.
- Investment in AI research and practical deployment will be expanded.
- AI adoption is to be embedded more widely across multiple sectors.
- Regulators will promote the responsible and secure use of AI in banking.
- The government is targeting broad-based AI uptake across society.
- Measures will support locally developed innovative drugs in entering the mainland China market.
What it means
Hong Kong's Financial Secretary has provided a bullish outlook for GDP growth, estimating a 3.5% rise for 2025 and a continued positive trend into 2026. This signals sustained economic resilience and may impact investor sentiment, particularly regarding capital inflows and integration with mainland China, especially as the government plans initiatives in AI and infrastructure. The longer-term growth projections underscore potential opportunities in various sectors, particularly tech and innovation-related fields.
Related headlines
- UK OBR forecasts GDP growth slowing from 1.25% in 2026 to 1.0% in 2027, while CPI inflation is expected to reach 3.5% in 2027 (vs prev. 2% seen in March)1 hour ago
- Italian PM Meloni’s government is set to pass EU-compliant budget for 2027, according to FT10 hours ago
- Japanese Finance Minister Katayama says watching market trends with a high sense of urgency14 hours ago
- UK Chancellor Healey is to reverse cuts to cash ISA allowances in which he will use Wednesday’s Budget to maintain tax-free limit at GBP 20,000 a year, reversing a plan by his predecessor Rachel Reeves, according to FT16 hours ago
- UK Chancellor Healey prepares to slash household gas bills by GBP 50, according to Telegraph18 hours ago
- Verisk (VRSK) integrates insurance intelligence with Amazon (AMZN) and Microsoft (MSFT) AI platforms1 hour ago
- UK Chancellor Healey says UK will launch a data centre covenant, part of the UK AI strategy2 hours ago
- China's CXMT to begin production of advanced AI memory chips, reports suggest2 hours ago
- China and the US Chamber of Commerce discuss cooperation in AI and new energy vehicles4 hours ago
- TE Connectivity (TEL) Q4 2026 (USD) adj. EPS 3.14 (exp. 3.07), Revenue 5.35bln (exp. 5.29bln)5 hours ago
- Japanese PM Takaichi says she has agreed with German Chancellor Merz to commence high-level AI dialogue5 hours ago
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed5 hours ago
- Major US technology company selects Baker Hughes’ (BKR) power generation and cooling solutions to scale high-density AI compute18 hours ago
- BoC MPR: Raises 2026 GDP forecast to 1.0% from 0.7%, 2027 and 2028 GDP raised to 2.0% from 1.8% 1 hour ago
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT1 hour ago