The Hong Kong Trade Development Council (HKTDC) has expressed support for the 2026-27 Budget presented by the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR). The budget outlines measures to strengthen Hong Kong’s position as an international centre for finance, trade, shipping, and innovation and technology (I&T), while accelerating new industrialisation and digital transformation. It aligns with China’s 15th Five-Year Plan, aiming to help businesses integrate into national development and seize global opportunities.
Support for SMEs and Global Expansion
The budget includes initiatives such as injecting HK$200 million into the BUD Fund to support small and medium-sized enterprises (SMEs) and facilitate economic transformation. The HKTDC plans to leverage its network of 51 offices worldwide to assist businesses in exploring international markets, including ASEAN and Middle Eastern regions, and to enhance Hong Kong’s role in the Belt and Road Initiative. This effort is part of broader strategies to diversify risks and promote sustainable growth for Hong Kong and mainland enterprises.
Innovation and Technology Focus
Measures in the budget promote Hong Kong’s development as an international I&T hub. The HKTDC will integrate innovation and technology (I&T) elements into its events, such as exhibitions and conferences, to showcase Hong Kong’s strengths and foster cross-industry collaboration. InnoEX, a flagship event under the Business of Innovation and Technology Week, will highlight cutting-edge technologies and support technology commercialisation. These actions aim to protect innovation outcomes and boost competitiveness in global markets.
Financial and Trade Enhancements
The budget notes the upcoming 20th anniversary of the Asian Financial Forum (AFF), with plans to strengthen its focus on finance empowering business through initiatives like the Global Business Summit. This is intended to help the financial sector better serve the real economy and competitive industries. The HKTDC will continue to use its platforms, including business matching and professional services, to support international expansion, leveraging Hong Kong’s unique advantages as a global business hub connecting the Chinese mainland and worldwide markets.
