Hong Kong likely to post HK$15.6 bln fiscal surplus, Deloitte says

Hong Kong is on track to record a fiscal surplus of about HK$15.6 billion this year, Deloitte said, adding that the city’s public finances are steadily moving toward a healthier and more sustainable trajectory.

Fiscal reserves are expected to reach about HK$669.9 billion by the end of March, the firm said.

Looking ahead to the 2026/27 budget, Deloitte set out three priorities: developing the Northern Metropolis as a new growth engine, strengthening Hong Kong’s capital markets, and preserving the city’s competitiveness as a regional asset and wealth management hub.

For the Northern Metropolis plan, the firm recommended investment tax credits, subsidies and tax incentives linked to financing activities to attract companies to set up and expand in the district.

To bolster capital markets, Deloitte proposed measures to draw more dual listings to Hong Kong and to enhance the tax regime for corporate treasury centres.

It also suggested expanding tax concessions for qualifying fund managers, licensed digital-asset market participants and single-family offices, as well as further enhancing exemptions for foreign-sourced investment holdings and strengthening the city’s philanthropic ecosystem.