Federation of Hong Kong Industries submitted its policy recommendations to the Financial Secretary for the 2026-27 Budget on Friday, expecting policies that improve the business environment to help the industry weather current volatility, while diversifying the local economy and bolstering Hong Kong's international competitiveness.
Seven key areas were outlined in the suggestions, covering industry and commerce, economy, Northern Metropolis, connectivity, talent, and green development.
Regarding the Northern Metropolis, FHKI recommended establishing pilot transformation bases and business matching platforms to leverage synergies within the Greater Bay Area, coupled with offering preferential policies and supporting facilities within key parks to attract leading enterprises and talent from both the mainland and overseas.
It also suggested that the government prioritise immediate support for small and medium enterprises to alleviate pressure and stabilise operations, with key measures including reducing tax burdens and fees, bolstering the BUD Fund, and streamlining industrial policies to remove regulatory barriers and pave the way for new industrialisation.
To boost competitiveness, it said Hong Kong must actively cultivate new economic growth points, such as the commodities market and the "silver economy", as well as the global halal market and artificial intelligence industry.
