HONG KONG FACES CHALLENGES ON MANY FRONTS
External Environment Challenges
• Geopolitical tensions.
• Global economic slowdown with persistently high interest rates.
• Intensifying regional competition.
Structural Economic Issues
•The undiversified industrial structure results in
insufficient economic resilience.
• An aging population intensifies, and emigration
waves lead to professional talent outflow.
• High living costs undermine attractiveness to
international talent.
In 2025, DAB launches 10 policy initiatives concentrating on fostering new industries, upgrading pillar economic sectors, and attracting high-calibre talent. We will establish collaboration platforms, propose concrete and actionable recommendations, and invite broad societal participation. Through collective effort with the public, we aim to steer Hong Kong's economy toward diversified and sustainable growth, ensuring future generations reap the benefits.
Developing emerging industries is pivotal for economic transformation. We propose focusing on five key sectors—low-altitude economy, TCM revitalization, marine economy, silver economy, and green hydrogen—to build high-valueadded industrial chains in these domains and inject new growth drivers into Hong Kong’s economy.
NEW INDUSTRIES TO
FIRE UP ECONOMIC ENGINE
UPGRADING EXISTING SECTORS FOR COMPETITIVE EDGE
Finance remains one of Hong Kong’s four pillar industries. Amid intensifying global competition, consolidating its status as an international financial hub is now the city’s top priority. Concurrently, another core industry—tourism—faces mounting pressure for transformation and upgrading. We propose multiple upgrading initiatives for both sectors to enhance market vitality and industrial competitiveness.
ATTRACTING
HIGH-CALIBRE TALENT TO
SUSTAIN ECONOMIC GROWTH
Talent has become the core driver of economic growth. To develop new industries, upgrade existing sectors, enhance regional competitiveness, and advance technological innovation, Hong Kong urgently requires high-calibre talent. Concurrently, with a looming aging population crisis, intensified efforts in pro-natal policies and creating family-friendly environments are essential to maintain economic and social vitality.
