Hong Kong Prioritizes AI-Led Economic Transformation

Hong Kong Financial Secretary Paul Chan delivered the 2026-27 budget on Wednesday, reporting a 2025-26 operating surplus and forecasting 2026 growth of 2.5–3.5%. The budget allocates resources for AI and tech infrastructure, including a Committee on AI+, a new AI R&D institute launching in H2, a 250,000 sqm Sandy Ridge data cluster, and HK$4 billion for fire victims. These measures aim to boost industrialization and RMB internationalization.