Accelerating the Development of the Northern Metropolis

• Streamline land development procedures, pilot a "large-scale land disposal approach" to expedite the development of the Northern Metropolis.

• Implement a "phased development" approach on a trial basis with reference to Mainland's "1.5-level development" concept.

• Adopt a "pay for what you build" approach to reduce the cost of land premiums in the Northern Metropolis.

• Introduce dedicated legislation to accelerate the development of Northern Metropolis.

• Add "Two Railways and One Road"—comprising the Northern Link Eastern Extension and the Northern Metropolis Highway—to support the growth of new towns in the eastern Northern Metropolis.

• Develop the "Northern Metropolis University Town" to encourage local post-secondary institutions to collaborate with renowned Mainland and overseas institutions in introducing more branded programmes, research collaboration and exchange projects in a flexible and innovative manner.

   

  International Financial Centre

• Streamline the IPO listing regime and lower listing thresholds to attract more Mainland and overseas enterprises to list in Hong Kong.

• Launch a dedicated “Technology Enterprises Channel (Tech)" to further facilitate new listing applications from prospective special technology companies and biotech companies.

• Explore optimizations to the Weighted Voting Rights listing regime.

• Attract more overseas companies to pursue secondary listings in Hong Kong.

• Facilitate U.S.-listed Chinese enterprises to choose Hong Kong as their preferred location for secondary listings.

• Enact legislation to establish a licensing regime for stablecoin issuers.

• Reduce the rate of Stamp Duty on Stock Transfer from 0.13% to 0.1% of the transaction value.

• Strengthen offshore Renminbi (RMB) business and fully support the inclusion of RMB counters in Stock Connect.

• Explore measures to facilitate foreign exchange quotations and transactions between RMB and other regional currencies in Hong Kong.

• Further refine the preferential tax regimes to attract more potential funds and family offices to establish operations in Hong Kong.

• Lower the investment threshold for the New Capital Investment Entrant Scheme from $50 million to $30 million for the purchase of residential properties.

• Optimize the "Private Equity Fund Connect" between Hong Kong and Qianhai.

• HKEX will enhance pilot cooperation with the Greater Bay Area carbon market to jointly build a regional carbon market ecosystem and develop green finance.

• HKEX will collaborate with the Mainland to explore national participation in the international carbon market and establish carbon credit standards and methodologies.

  
  

   

  International Trade Centre

• Inject additional capital into the BUD Fund and include all ten ASEAN member states into the "E-commerce Easy".

• Sign more investment agreements with partners like Saudi Arabia to deepen international economic and trade ties.

• Reduce the duty rate for liquor to promote the trade of premium spirits.

• Raise the funding cap of the BUD Fund from $6 million to $7 million per enterprise.

• Optimise the SME Financing Guarantee Scheme to provide enterprises with more flexible repayment options.

• Provide enterprises with longer-term Renminbi financing options, offering stable and lower-cost RMB funding.

• Introduce tax concessions for international commodities exchanges to foster the growth of a commodities trading ecosystem.

• Integrate Hong Kong's overseas offices into a one-stop platform to assist enterprises in expanding globally.

• Enhance the ecosystem for Hong Kong's art trading, attracting more international auction houses, galleries, and professionals to set up in Hong Kong.

• Drive the digitalization of trade and industry.

  
  

  International Shipping Centre

• Work to forge more new air services agreements and expand traffic rights.

• Leverage the strengths of Zhuhai Airport to jointly develop international air cargo services and maximize synergies.

• Expand the city terminal network in the Mainland, and improve land transport connections under "Fly-Via-Zhuhai-Hong Kong"

• Foster the development of maritime services by introducing a half-rate tax concession for eligible commodities traders.

• Promote the adoption of sustainable aviation fuels (SAF) within the aviation industry to support its decarbonization.

• Build a full sustainable aviation fuel industrial chain in the Greater Bay Area, establishing Hong Kong as an international SAF hub and setting new standards for green aviation.

• Focus on developing fuels like green methanol, green ammonia, and hydrogen, initiating feasibility studies on green ammonia and hydrogen bunkering.

• Build a green marine fuel ecosystem.

   

  International Innovation and Technology Centre

• The government establishes the “Working Group on Developing Low-altitude Economy” to propel the sector’s growth through inter-departmental collaboration.

• Formulate the Action Plan on Developing Low-altitude Economy.

• Amend legislation, including the "Small Unmanned Aircraft (Amendment) Order 2025," to extend regulatory coverage to drones weighing up to 150 kg, permit beyond-line-of-sight flying activities, and authorize special approvals for trial flights of manned drones.

• Launch and optimize "Regulatory Sandbox" for pilot initiatives, with projects covering various application scenarios and systems commencing trial operations.

• Launch pilot projects for low-altitude tourism and cross-boundary low-altitude transport.

• Develop core low-altitude economy infrastructure, such as designating dedicated spectrum and establishing an intelligent low-altitude traffic management system.

• Strengthen engagement with the insurance industry to encourage the development of insurance products for the low-altitude economy.

• Support industry and universities in cultivating talent for the low-altitude economy sector.

• Explore the feasibility of producing green hydrogen locally using innovative technologies, developing a demonstration project for solar-powered hydrogen production at the restored Tuen Mun landfill.

  
  

  Regional IP Trading Centre

• Assist pilot industries in utilizing intellectual property for financing.

• Introduce more IP-related tax concessions and review tax deduction arrangements for the purchase of intellectual property rights or usage rights.

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• Integrating Culture, Sports, and Tourism for Development

• Tourism

• Secure two giant pandas from the Central Government to stimulate "panda tourism and panda economy" in Hong Kong.

• Resume the multiple-entry Individual Visit Scheme for Shenzhen.

• Expand the "one trip per week" IVS to include more pilot cities on Mainland.

• Increase the duty-free allowance for Mainland residents to 12,000 RMB.

• Improve Hong Kong's halal certification system and compile a consolidated list of restaurants offering halal food to boost tourism from the Middle East and ASEAN regions.

• Relax restrictions on visiting yachts and create a new, integrated customs clearance model for Greater Bay Area yacht travel.

• Develop and promote tourist hotspots across all 18 districts.

• Enhance tourism facilities across the "Four Peaks."

• Refine measures to facilitate the operation of home-stay lodgings and holiday camps in rural areas.

• Promote the development of recreational fisheries and agriculture, and foster deep integration with marine tourism.

• Explore a commercial partnership scheme for public beaches based on a "beach-sustains-beach" model.

• Sports

• Co-host the 15th National Games in 2025 with Guangdong and Macao.

• Secure the broadcasting rights for the Paris Olympic Games.

• Support the development of emerging urban sports.

• Culture

• Support the development of different performing arts.

• Repurpose the Kai Tak Community Isolation Facility into a "Youth Post" hostel and spaces for cultural and arts exchanges for youths.