FEBRUARY 25, 2026 AT 03:04 AM
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
Importance
Level 1
- 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.