Looking ahead to the financial budget | Hong Kong will seize enterprises, talents and business in the future
2023-02-20
The new Financial Budget of the Hong Kong SAR Government will be released the day after tomorrow (22nd). The Financial Secretary of the Hong Kong Special Administrative Region, Chen Maobo, announced yesterday that the cover of the budget was orange, which represents the confidence and expectation for the future of Hong Kong. Chen Maobo said that after three years of epidemic, coupled with the weakness of the peripheral economy and the accumulated high deficit, the budget planning has brought constraints, but the government has made great efforts to fight for the economy, benefit the people's livelihood and make a long-term layout for the future development of Hong Kong. Some economists and legislators pointed out that Hong Kong's future development should focus on high-quality development and enhance the impetus for innovation; To fight for the economy, we should not only "compete for enterprises" and "compete for talents", but also "compete for business" to build a high-value-added cluster effect and ecosystem; As the society returns to normal and the economy? Recovery, government help to maintain? In addition to the momentum of recovery, we must live within our means. In addition to saving money, open source is more important. Chen Maobo published a blog yesterday showing the orange cover of the new Budget and said that he was making final preparations. He said that after three years of epidemic attacks, the peripheral economy was weak. During this period, although the downward pressure of the economy on the public was effectively alleviated through expansionary fiscal policies, the fiscal reserve inevitably declined, and a considerable deficit accumulated in recent years. To strengthen investment in the future, Chen Maobo pointed out that social economy? The recovery still needs to be consolidated, and the investment in the future needs to be further supported. Although the resources are too tight and there are many constraints, it will not hinder us to make great determination and make every effort to fight for the economy and benefit the people's livelihood. Huang Jinhui, Deputy Dean (Foreign Affairs) of the School of Engineering of the Chinese University of Hong Kong, and a member of the Legislative Council Election Committee, believed that in the past few years, Hong Kong's economy has stalled because of the COVID-19 and the Black Storm. With the resumption of social normalcy, the main tone of Hong Kong's economic development must echo the policy address and the "Blueprint for Hong Kong's Innovative Science and Technology Development" issued at the end of last year. Therefore, the measures introduced should be aimed at seizing enterprises, talents, and even businesses, In the new budget, public funds can be allocated, such as through funds, for industry applications. For example, Huang Jinhui, who attracts high-tech talents, has implemented the talent endorsement policy in the mainland cities of Dawan District since today (20th). The budget can also introduce relevant measures to link up and set up a matching group to facilitate "talent grabbing". Zhuang Tailiang, executive director of the Lau Zou Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong, believes that the budget should focus on "high-quality development", "The 'high-quality cluster effect' is to attract overseas talents and funds as the goal, and the policy can provide tax or land concessions. For example, overseas talents who are engaged in high-tech industries can get tax concessions and enjoy cheap rent when they come to Hong Kong." Chen Jiaqiang, former director of the Bureau of Financial Affairs and Treasury, said yesterday that the public will understand that the catering industry has stopped because of the epidemic, and the government vigorously helped enterprises at that time, To avoid a wave of layoffs. As for the re-distribution of consumer coupons, he believed that it was time to focus on post-epidemic economic reconstruction, and that such expenditure items as "money distribution" should be reduced to make some balance. As for how to help Hong Kong develop its economy, Chen Jiaqiang believes that in addition to attracting high-end talents, the authorities can also start with young people and build Hong Kong into an international and dynamic place to attract them to settle down. We need to relax the measures to open up resources and reduce expenditure
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：Da Gong daily
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