Media OutReach
Hong Kong 2026-27 Budget: Driving High-quality, Inclusive Growth with Innovation and Finance
The theme of the 2026-27 Budget, the fourth Budget of the current-term Government, is “Driving High-quality, Inclusive Growth with Innovation and Finance”.
“Over the past year, as a result of the booming economy and capital market, our tax revenue has increased. Coupled with the reinforced fiscal consolidation programme gradually bearing fruit, our public finances have improved sooner than expected,” Mr Chan said.
The Financial Secretary revealed that Hong Kong’s Consolidated Account was expected to register a surplus of $2.9 billion in the current fiscal year, instead of a deficit of about $67 billion as originally estimated. The Operating Account for 2025-26, which was originally estimated to record a deficit of about $3 billion, will register a surplus of $51.3 billion, he said.
It was also confirmed that Hong Kong’s economy expanded by 3.5% in 2025, with growth forecast to be between 2.5% and 3.5% for 2026.
Mr Chan noted that this year marks the beginning of the National 15th Five-Year Plan, and he stressed the need for Hong Kong to actively align with the Plan.
“Our country’s sustained high-standard two-way opening-up, coupled with scientific and technological innovation, have presented us with new opportunities,” he said. “We must embrace the 15th Five-Year Plan with an innovative mindset, fostering new quality productive forces in accordance with local conditions.”
Mr Chan set out a series of measures to drive I&T development, including establishing the Committee on AI+ and Industry Development Strategy; taking forward the Sandy Ridge data facility cluster project; promoting AI training; and accelerating digital intelligence transformation of the Government.
“We are pressing ahead with the industrialisation of AI and deepening its integration across various industries, while encouraging wider AI application, thereby achieving the target of adoption and utilisation by all,” he said.
The International Clinical Trial Academy will, he said, also be established to help enable the Chinese Mainland’s biomedicine technology to go global, attract foreign investment, and help develop Hong Kong into an international health and medical innovation hub.
To facilitate the development of new industrialisation, the Budget has earmarked resources for establishing in Hong Kong the first national manufacturing innovation centre outside the Mainland, and the New Industrialisation Elite Enterprises Nurturing Scheme will be launched.
The Government will promote the full integration of technological innovation and industrial innovation through key infrastructure, including the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, and the San Tin Technopole in the Northern Metropolis.
To support financial services, Hong Kong will proactively align with national development strategies, advance the internationalisation of the Renminbi, and continuously reform the securities market.
The Government will legislate this year to enhance tax regimes for family offices and funds, as well as establish licensing regimes for digital asset dealing and custodian service providers.
“Despite the complex and ever-changing external environment, Hong Kong’s financial market has performed strongly and our financial system remains robust,” Mr Chan said. “We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the GBA (Guangdong-Hong Kong-Macao Greater Bay Area).”
Noting that Hong Kong saw a year-on-year 12 per cent increase in visitor arrivals last year, which had created business and job opportunities for related sectors, the Budget will allocate $1.66 billion (US$212 million) to the Hong Kong Tourism Board (HKTB).
“The HKTB will scale up its flagship events and promotion, introducing new elements and extending event duration, and organise more signature festive events to highlight Hong Kong’s East-meets-West uniqueness,” Mr Chan said.
The Budget also earmarks an additional funding of $1 billion (US$128 million) for the Built Heritage Conservation Fund to enrich city culture. Elsewhere, the Government will launch the Northern Metropolis Urban-rural Integration Fund as a pilot scheme to support rural tourism projects.
To further promote sports development in Hong Kong, the Financial Secretary will inject $1.2 billion (US$154 million) to the sports portion of the Arts and Sports Development Fund.
Mr Chan said that the global environment has remained volatile over the past year, and Hong Kong has continued to undergo economic transformation.
“Technological innovation, in particular the development of AI, has brought us a mix of opportunities and challenges. Yet, Hong Kong has always thrived amid changes and progressed through innovation. We must make full use of our strengths and leverage the resolute support of our country to speed up and scale up our economic development sustainably for creating better development opportunities for the people and enhancing their quality of life,” Mr Chan said.
For more details on the 2026-27 Budget, click here.
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- Long range, premium comfort, and five-star safety—the CHANGAN DEEPAL S05 delivers a high-tech electric driving experience.
- Cutting-edge EV technology that brings together global design, engineering, and manufacturing.
BIRMINGHAM, UK – Media OutReach Newswire – 14 March 2026 – Changan UK has launched the all-electric CHANGAN DEEPAL S05, a compact C-SUV blending premium design, intelligent technology, and everyday practicality.
“The CHANGAN DEEPAL S05 is designed for people who want an electric SUV that fits effortlessly into everyday life,” Nic Thomas, Managing Director of Changan UK, said, “It delivers reassuring performance, thoughtful comfort, and technology that simply works—all without the premium price tag. ”
The CHANGAN DEEPAL S05: Range, Comfort, Safety
Powered by a 68.8kWh LFP battery, the CHANGAN DEEPAL S05 delivers WLTP ranges of up to 303 miles (RWD) and 278 miles (AWD). Inside, the aircraft-inspired cockpit features vegan leather heated and ventilated front seats, including a full-recline zero gravity passenger seat. A 15.4-inch rotating touchscreen, AR-HUD, 14-speaker audio system, and wireless smartphone connectivity complete the high-tech cabin.
Safety is central to the CHANGAN DEEPAL S05, earning it a five-star Euro NCAP rating. It comes standard with 17 intelligent driver assistance systems, enabling L2 autonomous driving through a network of cameras, radars, and ultrasonic sensors—including a 540-degree surround-view camera system.
More Than a Model: How the CHANGAN DEEPAL S05 Embodies a Global Vision
Changan is now present in 16 European markets, with launches in Italy, Spain, and Poland coming soon. The UK anchors this footprint as a strategic hub for local development. Leading this momentum is the CHANGAN DEEPAL S05, a model built on a truly global foundation. Designed at Changan Design Center Europe in Turin and calibrated at the Changan UK R&D Centre in Birmingham, it has been meticulously tuned for local roads.
For the UK market, the CHANGAN DEEPAL S05 is produced at Changan Rayong Factory in Thailand—established in 2023 as a dedicated hub for global right-hand drive markets. With approximately 60% local sourcing, the facility ensures consistent quality, testing, and supply, while its strategic location enables worldwide logistics. More than a new model, the S05 stands as a testament to Changan’s global ambitions—integrating design, engineering, and production across continents to deliver a truly international electric vehicle.
Hashtag: #Changan
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Media OutReach
The Hong Kong Institution of Engineers 50th Anniversary “Together we RISE” Carnival Opens
Featuring Over 40 Interactive and Game Booths Showcasing Engineering Innovation
HONG KONG SAR – Media OutReach Newswire – 14 March 2026 – To celebrate its 50th Anniversary, The Hong Kong Institution of Engineers (hereafter “the HKIE”) has organised “The HKIE ‘Together we RISE’ Carnival” (hereafter “the Carnival”) at High Lawn, Art Park, WestK. The opening ceremony took place today, officiated by Ms Bernadette LINN Hon Ho, JP, Secretary for Development of the HKSAR Government; Mr YE Shuiqiu, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region; Ir Ricky LAU Chun Kit, JP, Permanent Secretary for Development (Works); and Ir The Hon Aaron BOK Kwok Ming, Legislative Council Member (Functional Constituency – Engineering) cum Past President of the HKIE. They were joined by Ir Alice CHOW, President of the HKIE; Ir Prof Frank CHAN Fan, GBS, JP, Senior Vice President of the HKIE; Ir Rupert LEUNG Kwok Yiu, Vice President of the HKIE; Ir William LUK Wai Lam, Vice President of the HKIE and Ir Prof Alfred SIT Wing Hang, GBS, JP, Chief Executive and Secretary of the HKIE to kick off this two-day event.
With the theme “Together we RISE”, the Carnival aims to highlight the engineering profession’s outstanding contributions to social progress, technological innovation, and sustainable development. Running from 14-15 March, the Carnival features over 40 interactive booths and game zones designed by various organisations and HKIE divisions. The booths showcase exciting innovations including robot and robot dog demonstrations, model displays, VR experiences, UAV flight simulators, a water pumping robot, and more, offering enjoyable, hands-on exploration of the diversity and fun of engineering for the whole family over the weekend.
The Carnival also features a travelling exhibition, “Engineering Legacy: 50 Years of Excellence”, celebrating 19 excellent engineering projects honoured with The HKIE 50th Anniversary Legacy Award. The exhibition highlights the remarkable achievements and milestones that have shaped Hong Kong’s engineering landscape over the past five decades. In addition, the winning entries from the “Together we RISE” school competition held by the HKIE earlier will be showcased, reflecting the creativity and imagination of the younger generation in building sustainable and innovative cities.
Ir Alice CHOW, President of The Hong Kong Institution of Engineers, remarked, “The Hong Kong Institution of Engineers has grown alongside Hong Kong over the past 50 years, witnessing and contributing to many of the city’s landmark infrastructure and urban development projects. Through the Carnival, we hope the public can gain a deeper understanding of the vital role engineers play in society, while inspiring the younger generation’s interest and creativity in the engineering profession. ‘Together we RISE’ is not just a theme; it also expresses our commitment to fostering innovation, uniting the industry, and building the future, leveraging Hong Kong’s unique advantages of being ‘backed by our motherland and connected to the world’!”
The HKIE 50th Anniversary “Together we RISE” Carnival
| Date and time: | 14 March 2026 (Sat) 10am-6pm
15 March 2026 (Sun) 10am-6pm |
| Location: | High Lawn, Art Park, WestK |
| Fee: | Free of charge |
Hashtag: #HKIE
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About the HKIE
The Hong Kong Institution of Engineers (HKIE) – previously The Engineering Society of Hong Kong – was founded in 1947. In 1975, the HKIE was incorporated under The Hong Kong Institution of Engineers Ordinance, Chapter 1105 of the Laws of Hong Kong. Today the HKIE has over 32,000 members, of which around 17,000 are Corporate Members.
The Institution aims to bring together engineers of different disciplines for their common good. The HKIE is committed to upholding the quality of membership, and sets standards for the training and admission of engineers from 22 engineering disciplines. It also has strict rules governing members’ conduct and is dedicated to raising the ethical standards of professional engineers in Hong Kong. For more information about the HKIE, please visit 
https://hkie.org.hk
Elevating the High-Net-Worth and Ultra-High Net-Worth Experience through Orchestrated Wealth and Legacy Advisory
HONG KONG SAR – Media OutReach Newswire – 14 March 2026 – AIA Hong Kong announced the opening of the AIA Alta Prestige Wealth Centre at AIA Central, marking a significant milestone in the evolution of AIA Alta, its exclusive proposition for High‑Net‑Worth (HNW)1 and Ultra‑High‑Net‑Worth (UHNW) customers2. Purpose‑built in Central, the Centre is housed within AIA Central—a landmark commercial building wholly owned by AIA Group—at the heart of the city’s financial district. The Centre is designed to serve customers with increasingly complex, multi‑market wealth, health and legacy planning needs through a highly integrated and personalised advisory experience.
Alice Liang, Chief Proposition & Healthcare Officer of AIA Hong Kong & Macau, said: “Since 2023, we have continued to strengthen our HNW proposition and see strong growth potential in this segment. In an increasingly dynamic global environment, enduring wealth, health and legacy planning have become more critical than ever.
We are elevating the HNW experience and expanding into the UHNW market as these customers seek more than insurance—looking for coordinated wealth and legacy advisory from a long-term partner who can guide them through complexity with clarity and confidence. The opening of the AIA Alta Prestige Wealth Centre is a pivotal step, supported by our HNW Dedicated Team and international partners, to help customers achieve an optimal balance of health and wealth.”
At the Heart of Hong Kong’s Financial District
Formerly known as the AIA Alta Wealth Management Centre in Causeway Bay, the Centre was established as the first# of its kind within Hong Kong’s insurance industry to provide professional wealth management services. Now housed within AIA Central, the AIA Alta Prestige Wealth Centre& offers unparalleled proximity to the city’s financial ecosystem. This strategic location enables seamless connection with private banks, professional firms and international institutions that play a critical role in multi‑market wealth structuring and legacy planning.
A Refined Advisory Experience
The Centre has been purpose‑designed to deliver a more orchestrated and holistic advisory experience. Supported by AIA’s HNW Dedicated Team and a network of international organisations, HNW customers can access advisory services on trust, legacy, tax, legal and family office matters within a single private setting. By bringing these capabilities together across every stage of the wealth and legacy planning journey, the Centre reduces fragmentation and empowers customers to make more confident, informed decisions.
A distinctive feature of the Centre is its bespoke hospitality offering, with dining prepared by AIA’s own corporate dining team. Thoughtfully curated food and beverage selections complement advisory engagements within a calm and private environment. Visitors may also explore the History Wall, which traces AIA Group’s century‑long legacy in Asia and its enduring commitment to customers across generations, while enjoying panoramic views of Victoria Harbour, taking in Hong Kong’s iconic skyline and landmarks such as the Hong Kong Observation Wheel.
Purpose‑Led Design
Guided by AIA’s commitment to sustainability, the Centre’s design reflects ESG‑informed principles through material storytelling. Reclaimed elements—from ocean‑recovered fragments to repurposed glass, metal and wood—are thoughtfully re‑crafted to symbolise restoration, renewal and continuity, expressing AIA Alta’s belief that sustainability is a lived philosophy that preserves value, honours origins and supports enduring legacies across generations.
A Trusted Proposition for HNW Families
The strength of the AIA Alta proposition is underpinned by strong customer recognition. For years, AIA has been recognised as Hong Kong’s most popular insurance brand among HNW individuals%, reflecting sustained trust in its ability to support HNW families. Looking ahead, AIA Alta will continue to support customers through its integrated pillars of Wealth and Health, complemented by meaningful experiences and curated privileges offered through AIA Alta Club—empowering customers to truly live Healthier, Longer, Better Lives.
- The above information provided herein shall not be construed as providing, selling, or soliciting the purchase of any insurance products or services outside Hong Kong and/or Macau, nor does it constitute any sales advice, product recommendation, or any form of service offer. Where the offering or sale of insurance products is prohibited under the laws of any jurisdiction outside Hong Kong and/or Macau, AIA shall not engage in such activities within that jurisdiction. AIA does not provide or sell insurance products or services in any territory other than Hong Kong and/or Macau. The above information is for reference purposes only and does not include detailed terms, conditions, or risk disclosures associated with the relevant products.
- AIA reserves the right to amend, suspend or terminate the Services, any part thereof, service provider(s) or change any terms and conditions relating thereto at any time without prior notice at its absolute discretion.
Hashtag: #AIA
The issuer is solely responsible for the content of this announcement.
About AIA Hong Kong & Macau
AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have about 18,000 financial planners*, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.6 million customers^, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers.
* As at 30 June 2025
^ Including AIA Hong Kong and AIA Macau’s individual life, group insurance and pension customers (as at 30 June 2025)
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