Formulate Diversified Investment Strategies to Leverage Government’s Non-Financial Assets
Faced with a fiscal deficit of over a hundred billion dollars and a decline in government fiscal reserves, the Government needs to manage its non-financial assets more comprehensively and proactively.
Hong Kong’s increasingly severe aging population not only hinders its medium- to long-term economic growth and affects people’s lives, but also poses serious challenges to the sustainability of public finances. The Government must formulate a holistic population policy as soon as possible to effectively address the problem.
This year’s Budget is Hong Kong’s first one since its emergence from the COVID-19 pandemic overhang and resumption of normal cross-border travel with mainland China and the world. This Budget is critical to reigniting the post-pandemic economy.
As profound changes unseen in a century are evolving rapidly in the world, Hong Kong should secure the historic opportunity arising from RMB internationalization to strengthen its advantages and assist the country in navigating the path of internationalizing the RMB.
Legislation on digital economy is both an inherent requirement for the high-quality development of digital economy and a necessary step to safeguard security and prevent risks. Hong Kong cannot afford any further delay in legislation on digital economy and e-Government services.
As the frontier of exchanges between China and the West, Hong Kong is duty-bound to play the role of a “super-connector” and tell the good stories of China and Hong Kong to the outside world.
Hong Kong is now at a stage of advancing from order toward further prosperity, and Hong Kong’s young people are precisely the key to further prosperity.
Administration concerns all aspects of the HKSAR government, including the overall administration mindset that underpins the formulation, implementation and supervision of various government policy measures. Hong Kong needs to improve its administration to achieve good governance.
Last month, the Legislative Council passed a motion on “Embracing the spirit of the 20th National Congress to further develop Hong Kong”.
To use the Future Fund for strategic investments to achieve greater social returns and carve a new path for the future, the key lies in whether the investments are compatible with the direction of Hong Kong’s economic development.
Amid intense competition from other financial centers, Hong Kong must have crisis awareness and continue to strengthen and consolidate its status as an international financial center.
