Chan Mo-po: The public consultation for the new fiscal year's "Budget" will soon begin, with accelerating the application of innovative technology as an important topic

The Financial Secretary, Paul Chan, stated in his blog that the public consultation for the new fiscal year's "Budget" will soon commence. Important topics will include how to further expand the dimensions and areas of economic development, accelerate the cultivation and application of innovative technology, optimize the industrial structure, create more quality jobs, and add momentum for high-quality development. He looks forward to more specific suggestions from the public.

Paul Chan mentioned that Hong Kong's economy has been steadily developing this year, with merchandise exports recording double-digit growth year-on-year. Coupled with improvements in local demand, private consumption expenditure has slightly accelerated, and the retail, catering, and residential property markets have stabilized, with an increase in corporate investment expenditure.

He continued to point out that investors and the business community remain optimistic about Hong Kong's economic prospects, with an accelerated growth rate in investment expenditure. In recent months, several financial institutions and large e-commerce platforms have rented or purchased multi-story commercial spaces or even entire commercial buildings to strengthen their presence in Hong Kong and expand into mainland and international markets. These reflect the market's positive expectations for the future