Chief Secretary Chan Kwok-ki today said the 2024-25 Budget steadfastly seeks progress by adopting targeted and effective strategies to formulate measures, while taking into account the sustainability of public finance.

Speaking at a media session after the Financial Secretary delivered the 2024-25 Budget, Mr Chan said that with the concerted effort of the Government and society at large, Hong Kong has been gradually regaining its growth momentum after the COVID-19 pandemic.

“That said, as an externally oriented and open economy, Hong Kong continues to be affected by the complex and volatile external environment and unstable global economic recovery. Together, we have overcome various challenges along the way,” Mr Chan noted.

“With this in mind, I consider that the latest Budget steadfastly seeks progress while ensuring stability,” he added.

The Chief Secretary also pointed out that the series of short, medium and long-term measures in the Budget aim to develop Hong Kong's economy and improve people's livelihood as well as strengthen Hong Kong's unique advantages of enjoying the strong support of the motherland while being closely connected to the world.

“All in all, I fully support this year's Budget. I hope the Legislative Council will scrutinise and approve the appropriation bill as soon as possible. Let us continue to lead Hong Kong to advance from stability to prosperity and break new ground.”


Latest Business News


Kevin Yeung views artworks  20-4-2024


Secretary for Culture, Sports & Tourism Kevin Yeung today visited Ambassador for Cultural Promotion Xu Bing's art exh...

Market access measures welcomed  19-4-2024


The Hong Kong Special Administrative Region Government warmly welcomed the measures announced by the China Securities Reg...

HK can help mainland firms thrive: FS  19-4-2024


Financial Secretary Paul Chan concluded his trip to Suzhou today by visiting an enterprise that engages in in hydrogen po...

Chinese culture festival set  18-4-2024


The inaugural Chinese Culture Festival (CCF) will be held from June to September, presenting various performing ar...