DAB Responds to 2026-27 Budget

25 February 2026

The DAB welcomes the 2026-27 Budget delivered by Financial Secretary Paul Chan. the Budget invests substantially to consolidate traditional strengths and accelerate new economic drivers driven by innovation and technology — including AI, life and health technology, the low‑altitude economy, aerospace, and new industrialisation. Several measures align with DAB's policy proposals, including tax concessions for gold trading, revised listing rules, streamlined IPOs, phased rollout of drone management systems, a $500 million injection into the Chinese Medicine Development Fund, a $1.2 billion injection into the Arts and Sport Development Fund, a $3,000 profits tax rebate, and the creation of a "Northern Metropolis Urban‑Rural Integration Fund" to promote rural cultural tourism.

The Budget also introduces a number of measures to ease financial burdens — including higher tax allowances for families, a two‑quarter rates concession, and a salaries tax rebate capped at $3,000. It also supports building rehabilitation and lift modernisation, increases elderly care vouchers, and uses AI for job matching. These measures, taken together with prudent fiscal management, reflect the DAB's budget expectations.

DAB Chairperson Chan Hak-kan said the Budget proactively aligns with the National 15th Five‑Year Plan, integrates into and serves the overall national development, and rises to the challenges of the global economic landscape and technological transformation. It will help consolidate Hong Kong's strengths and enhance its long‑term competitiveness, opening up brighter prospects for people from all walks of life. The DAB fully supports the Budget.

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