Hong Kong Special Administrative Region Government Financial Secretary Chan Mo-po released the 2025-2026 fiscal budget on the 26th, predicting that Hong Kong's economy will continue to grow moderately in 2025, with a substantial growth of between 2% for the whole year. 3 %.
The blue budget cover of the lake water represents a blue ocean and unlimited opportunities in the future development tide. Chan Mo-po also wore a blue tie that morning and issued a new fiscal budget in the Legislative Council.
In summary, in 2024, Hong Kong's economy has developed steadily in a complex and changing peripheral environment, recording a moderate growth of 2.5%. Benefiting from the country's measures to benefit Hong Kong, coupled with the holding of a number of grand events and further recovery of air capacity, the number of passengers visiting Hong Kong increased by 30% to about 45 million last year, driving a significant increase in the output of tourism and transportation services. Other cross-border economic activities continue to improve. Overall service output increased by 4.8% throughout the year.
Looking ahead to 2025, Chan Mo-po expects that geopolitics will still bring challenges to Hong Kong's economy. However, the mainland is promoting high-quality development through scientific and technological innovation, comprehensive deepening of reform and expanding high-level opening up. Hong Kong is also working hard to promote market diversification and explore new growth points, and the economy will continue to develop steadily. By actively integrating into the overall national development situation and actively connecting with the national development strategy, Hong Kong will surely continue to seize the new opportunities brought by national and even global economic development and create bright prospects.
Chan Mo-po predicts that the Hong Kong economy will grow by an average of 2.9% per year between 2026 and 2029. The basic inflation rate is expected to be an average of 2.5% per year.
