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The recommendations come as Hong Kong’s economy shows modest recovery.
PwC Hong Kong has outlined four strategic policy recommendations ahead of the Chief Executive’s 2025 Policy Address, calling for decisive action to strengthen Hong Kong’s role as a global connector, accelerate innovation, enhance financial market competitiveness, and position the city as a destination of choice for global investors and businesses.
The recommendations come as Hong Kong’s economy shows modest recovery, with a 3.1% year-on-year GDP growth in the second quarter of 2025. The government expects full-year growth to fall between 2 and 3 percent, buoyed by strong exports and domestic demand.
PwC’s proposals begin with a push to enhance Hong Kong’s regional and global connectivity. The firm suggests introducing tax incentives and one-stop service platforms to attract more regional headquarters, citing a 5 percent rise in such offices in 2024.
In the area of innovation and technology, PwC recommended designating the Northern Metropolis as a headquarters hub for tech firms, using its proximity to Shenzhen and Hong Kong’s legal infrastructure as key assets.
It also supported advancing Hong Kong’s leadership in pharmaceutical R&D and traditional Chinese medicine. With the government recently updating its policy stance on digital assets, PwC calls for faster rollout of digital asset strategies and the development of blockchain-native systems to streamline asset tokenisation and transactions.
On financial market reform, PwC proposed measures to make Hong Kong more competitive and accessible. These include expanding over-the-counter platforms for startups, enabling cross-border investment through initiatives like Primary Equity Connect, and allowing more companies to use confidential filings during listing preparations.
Finally, PwC recommended policies to further position Hong Kong as a preferred destination for asset and wealth management. This includes widening retail investor access to alternative investment products, enhancing the Mandatory Provident Fund system, and strengthening the city’s secondary debt trading market.
Suggestions include upgrading clearing systems and introducing a dedicated regulatory framework to support securitisation by private funds and financial institutions.
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