Policy measures to consolidate and enhance Hong Kong’s advantages

International Financial Centre

Strengthen financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and promote the Cross-boundary Wealth Management Connect Scheme
Upgrade the Central Moneymarkets Unit, expand fixed-income market services, including more Renminbi (RMB)-denominated products and enhance cross-boundary payment systems
Explore expansion of Bond Connect (Southbound Trading)
Enhance the New Capital Investment Entrant Scheme to allow investment in high-end residential properties
Review the insurance capital regime and establish a policyholder protection scheme.
Develop an international gold trading market and world-class gold storage facilities
Forge closer financial co-operation with ASEAN and Middle East markets
Work with the sector on the proposal to increase the types of transaction eligible for tax concessions for funds and family offices.
Study the full portability of MPF which will allow employees to transfer the accrued benefits derive from their employer’s mandatory contributions

Establish a Maritime and Port Development Board to enhance research and talent development in the maritime industry
Promote tax concessions to attract shipping companies and expand marine insurance offerings
Implement incentives for vessels meeting emission standards and develop green fuel bunkering facilities to advance the development of a Green Maritime Centre

Collaborate with InvestHK and HKTDC to attract Mainland enterprises and enhance export credit insurance services to build high value-added supply chain services
Global Economic Networks: Sign trade agreements and expand the Economic and Trade Offices network to emerging markets
Promote the development of the Headquarters Economy to facilitate company re-domiciliation and attract strategic enterprises to set up headquarters in Hong Kong
Reduce the duty rate for liquor to promote liquor trading and related economic activities

Enhance the aviation network and support local and non-local airlines to expand routes
Complete the Three-Runway System and develop a world-leading Airport City
To enhance air cargo competitiveness, Phase 1 of Hong Kong International Airport Dongguan Logistics Park developments have been completed and planning for Phase 2 is underway

Deepening of Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA): Widen collaboration in sector such as construction, and testing and certification, as well as financial, film and television services, legal, and more, by adopting new measures for service trade liberalization between the Mainland and Hong Kong
Investment Agreements: Engage in negotiations with countries like Bangladesh, Egypt, Peru, and Saudi Arabia to forge comprehensive investment agreements
Belt & Road Initiatives: Organize the Belt & Road Cross-professional Forum to showcase and promote Hong Kong’s professional services and investigate the potential for creating a Capacity Building Centre dedicated to the Belt & Road initiative

Launch the Hong Kong International Legal Talents Training Academy to promote legal exchanges
Establish the International Organisation for Mediation headquarters and promote community mediation initiatives
Explore the establishment of a system for addressing sports-related disputes