Chief Executive Carrie Lam delivered a video speech at the CCTV Finance Hong Kong Forum today (28th). She pointed out that as long as the local epidemic remains under control, the mainland and Hong Kong will gradually resume normal cross-border personnel exchanges. She believes that the economic prospects for next year are optimistic.
She said that various economic indicators in Hong Kong have continued to grow, describing that the economic recovery is on a solid footing and is expected to grow by 6.4% throughout the year.
Carrie Lam predicts that the annual economic growth will reach 6.4%.
(Information Services Department)
The annual economic growth is expected to reach 6.4%
Lam Cheng Yuet-ngor said that Hong Kong has been affected by the epidemic and social unrest in the past two years. Although the economy has been tested, various economic indicators have continued to improve this year. The economy has grown by 7% year-on-year in the first three quarters. She described the economic recovery momentum as solid.
She predicts that the economy will also grow steadily year-on-year in the fourth quarter, and is expected to grow by 6.4% throughout the year.
She pointed out that as long as the local epidemic continues to be under control and the mainland and Hong Kong gradually resume normal cross-border personnel exchanges, she believes that Hong Kong's economic prospects next year will be optimistic and she will have full confidence in the Hong Kong economy.
The growth momentum of the new economy comes from the country's expansion of the domestic demand market
Carrie Lam said that in addition to continuing to consolidate and leverage its advantages as an international financial center, Hong Kong's new economic growth momentum comes from the country's expansion of the domestic demand market.
The government will continue to help Hong Kong companies expand the mainland market through policies such as fund overweighting and platform cooperation.
She said that the "14th Five-Year Plan" proposes to target cutting-edge fields such as life and health. The Hong Kong government will vigorously promote scientific research in life sciences, such as setting up a "Life and Health Innovation Research Center", and cooperating with relevant enterprises on policies and land. Hong Kong Development, she hopes that life and health-related industries can become a new growth point for Hong Kong's economy in the future.
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