Hong Kong’s budget should move the city towards ‘inspirational’ development

Hong Kong's Financial Secretary Paul Chan Mo-po is preparing the 2026-27 budget, balancing economic incentives with fiscal responsibility. This year's budget speech is expected to outline Hong Kong's new industrial policy direction, focusing on investment in innovation and technology to diversify the economy. The budget will likely detail how Hong Kong's economic strategy aligns with both global trends and China's 15th five-year plan. Emphasis will be placed on strengthening Hong Kong's position as a global hub while also building its innovation and technology ecosystem. The budget is expected to highlight national priorities that will shape Hong Kong's economic future.