The Federation of Hong Kong Industries (FHKI) has welcomed the 2026-27 Budget delivered by Financial Secretary Paul Chan Mo-po on Wednesday, expressing support for the government’s continued investment in technology and new industrialization.
In a statement, the federation said the government had managed to restore an operating surplus ahead of schedule despite mounting external uncertainties.
FHKI said the Budget’s new measures appropriately focus on technology investment while leveraging Hong Kong’s strengths in research and development, finance, professional services, medical services and international connectivity.
FHKI Chairman Anthony Lam Sai-ho voiced strong support for a number of initiatives, including the establishment of the Committee on AI+ and Industry Development Strategy, the launch of the New Industrialization Elite Enterprises Nurturing Scheme, and enhancements to tax policies.
Lam said these measures would strengthen linkages among innovation, industry and capital, supporting the long-term development of diversified industries.
He noted that the National 15th Five-Year Plan emphasizes greater self-reliance in science and technology, adding that the Budget promotes industrial upgrading through technological advancement while ensuring policy and funding support move in tandem.
“With a clear roadmap and active investment, the government can seize the critical period of global I&T and digital transformation,” Lam said. “This will convert research and development results into industrial momentum, driving high-quality economic development.”
Looking ahead, Lam said he hopes authorities will continue reviewing and optimizing support measures for small and medium-sized enterprises, particularly as a government surplus is projected in the coming years.
He also called for the expedited launch of cross-sector professional services platforms to work with the business community in helping local brands and products “go global,” enhancing international connectivity and opening up new opportunities.
