Budget 2026-27: Hong Kong bets big on AI, chips, Northern Metropolis – as it happened
Financial secretary will lead tax policy review and seek HK$20 billion in funding for cross-border I&T hub and tech zone
While the improved fiscal position – driven by a stock market boom – had sparked calls for more sweeteners in this year’s financial blueprint, Chan had sought to manage public expectations by repeatedly stressing the need to maintain adequate reserves to safeguard against geopolitical shocks and support long-term growth.
The financial secretary announced new measures to strengthen the city’s global financial standing, innovation and technology development. The city will also boost its growing intellectual property (IP) economy and aerospace development, inject substantial funds into a new innovation hub near the border, and consolidate Hong Kong’s strategic roles outlined in the nation’s 15th five-year plan.
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Reporting by Jeffie Lam, Denise Tsang, Edith Lin, Jess Ma, Lo Hoi-ying, Oscar Liu, Connor Mycroft, Natalie Wong, Emily Hung, Matthew Cheng, Ambrose Li, Harvey Kong and Kevin Li.