To attract enterprises to establish footholds in Hong Kong, tax concessions will be granted on the basis of the values brought by enterprises, instead of solely considering the industry sector. The Government will introduce an amendment bill by the end of this year, providing preferential tax rates of 5 percent, or half-rate, for selected enterprises operating in key sectors such as finance, advanced manufacturing, I&T, as well as research and development, headquarters activities and logistics and supply chain management.
Five Major Development Opportunities
Talent Development
• Northern Metropolis University Town
• Five new academies for training international talent
Industry Development
• International gold trading market
• Specialty insurance
• AI Subsidy Scheme
• Medical innovation
• Low altitude and emerging industries
Business Investment
• Implementation of NM across all nine New Development Areas
• Value-based tax concessions for enterprises
Institutional Safeguards
• Global capital of mediation
• Strategy Committee on Intellectual Property Trading Development
International Co-operation
• Two UN organisations setting up in Hong Kong
• WestK Performance Arts Centre
• Asian and International sports associations
The Northern Metropolis
• Develop three university towns, driving the simultaneous development of education, technology and industry
• Promote the capacity expansion and quality enhancement of post-secondary education
Overall National Developmen
• Deepen the development of the Guangdong-Hong Kong-Macao Greater Bay Area
• Deepen regional co-operation with the Mainland
• Deepen international exchange and co-operation
• Pursue co-operation under the Belt and Road Initiative
