Financial Secretary Paul Chan recently announced that the deficit will hit a record of HK$139 billion as the city continues to battle with an economic recession, the coronavirus outbreak, social unrest, and spillover effects from the US-China trade negotiations. How will 2020/21 budget initiatives and measures revitalise the economy and support Hong Kong’s long-term development?
Join us at Redefining Hong Kong on March 11th as Hon. Paul Chan outlines key initiatives from the 2020/21 budget and answers questions including:
- How will the budget diversify Hong Kong’s economy, and retain and attract investments, businesses and talents to strengthen the city’s competitiveness and encourage growth in the innovation, technology and R&D sectors?
- Are there new sources of income for Hong Kong that are being considered, including reviewing Hong Kong’s taxation policy or widening the tax base?