Blog

The public consultation for the new Budget has officially commenced today. We hope to better understand the perspectives, ideas and opinions of members of the public, so that we can build consensus on the directions of the Budget. In light of a continuously uncertain external environment, a complex and changing global political and economic landscape, and the structural adjustments taking place in Hong Kong's economy, we must manage public finances more prudently. Meanwhile, it is equally important to accelerate the development of our economy. At the present stage, both development stability are crucial to our progress.

Over the past two weeks, Hong Kong hosted a series of exciting cultural, creative and design events. It began with the inaugural Hong Kong Fashion Fest, which showcased local trends and Asian design excellence. It was followed by the Business of Design Week 2024, which brought together over 50 renowned creative industries leaders and entrepreneurs from Hong Kong and beyond, along with hundreds of industry professionals, to exchange ideas and explore how design can drive innovation and business expansion. In addition, DesignInspire took place over the past three days at the Hong Kong Convention and Exhibition Centre, featuring more than 200 exhibitors from various countries and regions. This event offered members of the public a dazzling array of exhibits, performances and immersive experiences that highlighted the latest global trends.

Today, the application for multiple-entry Individual Visit Scheme for Shenzhen permanent residents has resumed, and the arrangement has also been extended to Shenzhen residence permit holders. This new measure has allowed Shenzhen residents to visit Hong Kong more conveniently and with greater flexibility. This would not only provide support to our local tourism, retail, catering and related industries, but also facilitate faster and smoother two-way people flows between Hong Kong and Shenzhen, fostering closer economic and cultural exchanges.