EQS Newswire / 17/09/2025 / 17:00 CET/CEST
HONG KONG SAR – Media OutReach Newswire – 17 September 2025 – Hong Kong’s Chief Executive, John Lee, at the moment (September 17) introduced his fourth Policy Address, unveiling a vary of initiatives to strengthen each established and rising industries, entice abroad funding and expertise, assist Mainland China enterprises to “go global” and enhance folks’s livelihood.
Hong Kong SAR’s Chief Executive John Lee’s fourth Policy Address is themed “Deepening Reforms for Our People Leveraging Our Strengths for a Brighter Future”.
“The well-being of our people is intimately linked to the health of our economy, making economic growth the key driver of livelihood improvement,” Mr Lee mentioned. Entitled “Deepening Reforms for Our People Leveraging Our Strengths for a Brighter Future”, the Policy Address initiatives are properly aligned with the town’s aggressive benefits beneath the “One Country, Two Systems” precept, Mr Lee mentioned. “With an ever‑expanding influence internationally, Hong Kong is rated the world’s freest economy, as well as an advanced and business‑friendly city. These fully demonstrate the notable institutional strengths and great vitality of ‘One Country, Two Systems’,” he added. The Chief Executive mentioned the event of the Northern Metropolis, an space that borders the Mainland and accounts for about one-third of Hong Kong’s whole space and inhabitants, was a “new engine for Hong Kong’s economic development and holds immense potential.” To speed up its growth, a new Committee on Development of the Northern Metropolis will probably be arrange, chaired by the Chief Executive, with a view to elevating the extent of decision-making. Administrative workflows will probably be streamlined, whereas pointless obstacles and restrictions will probably be eliminated. Additionally, devoted laws will probably be launched to empower the Government to plan simplified statutory procedures for accelerating the event of the Northern Metropolis. On trade growth, Mr Lee mentioned that synthetic intelligence (AI) was “a key driving force”. “With our advantages in scientific research, capital, data and talent, together with abundant use cases, Hong Kong is poised to become a global hub for AI development,” Mr Lee mentioned. The Government has launched the HK$3 billion (about US$386 million) Frontier Technology Research Support Scheme to assist funded universities entice worldwide high‑notch scientific researchers in AI and different fields to Hong Kong to spearhead fundamental analysis in frontier applied sciences, Mr Lee added. Hong Kong has a bonus in internationalisation and possesses sturdy scientific analysis capabilities, with varied universities collaborating in nationwide aerospace tasks. This, coupled with financing benefits, permits Hong Kong to advertise the event of aerospace science and know-how, supporting the area financial system. To entice extra funding from the Mainland and abroad, Mr Lee introduced that the Government would formulate preferential coverage packages, that would come with incentives corresponding to land grants, land premiums, monetary subsidies, and tax incentives, to draw excessive worth‑added industries and excessive‑potential enterprises to arrange in Hong Kong. New industrialisation-related industries, corresponding to plane recycling and new vitality, can even be attracted and developed. The Government will foster the event of the life and well being know-how trade and arrange the Hong Kong Centre for Medical Products Regulation, serving to pharmaceutical corporations convey modern medicine to the market. To consolidate Hong Kong’s standing as a world hub and combine into total nationwide growth, the Policy Address proposed a vary of initiatives to assist growth of core industries. Regarding monetary providers, the Government will expedite the constructing of a premier worldwide gold buying and selling market by supporting extra establishments to ascertain gold storage services in Hong Kong, with a goal gold storing capability of over 2 000 tonnes in three years, propelling Hong Kong into a regional gold reserve hub. The Government can even encourage gold merchants to arrange or broaden refineries in Hong Kong, set up a central clearing system for gold in Hong Kong, and supply a higher number of gold funding autos. Hong Kong is predicted to turn into the world’s largest cross-boundary wealth administration centre within the subsequent few years. The Government will improve the New Capital Investment Entrant Scheme to draw extra buyers by reducing the transaction worth threshold for residential properties from HK$50 million (about US$6.43 million) to HK$30 million (about US$3.86 million). To propel Hong Kong in the direction of changing into a world hub for post-secondary training and high-calibre abilities, the Government will assemble the Northern Metropolis University Town and set up the Task Force on Study in Hong Kong to advertise the “Study in Hong Kong” model. Hong Kong is among the many world’s high three artwork buying and selling centres. The Government will step up efforts to construct Hong Kong into a world premium arts buying and selling hub by growing an arts ecosystem on the Airport City, deepening collaboration with Art Basel, and participating the trade to hold out research on taxation, financing, expertise, and associated areas of artwork buying and selling. Mr Lee concluded, “Hong Kong faces challenges and is also presented with continuing opportunities amid the changing world. Our country, the world’s second-largest economy, is our staunchest supporter and the source of our biggest opportunities. Combined with Hong Kong’s international prospects, our opportunities far outweigh the challenges. By working together, innovating, and embracing reform, we will turn our beloved Hong Kong into an even better home for everyone. The Pearl of the Orient will keep shining brighter than ever before.” Hashtag: #hongkong #brandhongkong #policyaddress #reform #power
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News Source: Information Services Department, Hong Kong SAR Government
17/09/2025 Dissemination of a Financial Press Release, transmitted by EQS News.
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