Compliance Hong Kong Budget 2025

Hong Kong Budget 2025-26: Growth, Innovation, and Business Advancements

Key Takeaways: Hong Kong's economic blueprint, aka Hong Kong Budget 2025-26, was delivered on the 26th of February, effective from April. The fiscal plan aims to foster the city's position on the global front. Sectors like tourism, technology, talent acquisition, and business expansion were taken special care of in the Hong Kong budget. The city is expected to improve its economic projection with an average rate of 2.9% with an underlying inflation rate of 2.5% per year between 2026 to 2029. OASES (Office for Attracting Strategic Enterprises) has attracted strategic enterprises, with 80% planning to establish headquarters in the city. It is anticipated to generate approximately 20,000+ jobs in the coming years. On February 26th, Hong Kong's financial secretary of the Special Administrative Region (SAR) delivered the city's economic blueprint. The budget has come across as a pivotal moment for the present government, as they mark their half-way tenure.

28 Mar, 2025

All Africa Ambition & Growth ASEAN Asia Australia Belgium Blog Compliance Compliance requirements Consultancy Employee Benefits Employer of Record Employment Entity Solutions EOR Europe Global Business Setup Global Expansion Global Payroll Guide healthcare How-To HR HRMS India Payroll Ireland Latin America Leave Management Legal Markets Middle East News NGOs Nonprofits North America Payroll Payroll Outsourcing Service Payroll Services PEO People Puerto Rico Remote Work Singapore South Korea Transition from EOR to Entity Solutions Trends UK Payroll US Territories