Hong Kong Unveils Finance Plan in 2026-2027 Budget
For the financial sector, Hong Kong’s 2026-2027 budget will deliver a series of initiatives focused on enhancing capital markets, increasing the attractiveness of asset and wealth management, digital asset development and more.
The Hong Kong government released its 2026-2027 budget and for the financial sector, it highlighted several areas which it sought to further develop.
For the offshore renminbi (RMB) market, it will look to reduce transaction costs, attract more yuan-denominated bond issuance and explore the formation of an offshore RMB yield curve. It will expand mutual market access with mainland China by expediting the launch of Chinese government bond futures and the inclusion of real estate investment trusts (REITs) as well as an RMB trading counter under the southbound stock link.
Other notable areas include the enhancement of the family office and fund tax regime, enablement of REITs privatization, establishment of a digital bond platform, licensing for digital-asset dealing and custodian service and further development of gold trading.
«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 [Greater Bay Area]. By doing so, we will enhance Hong Kong's role as an international financial centre on all fronts and contribute to the national strategic goal of 'accelerating China's development as a financial powerhouse’,» said Hong Kong financial secretary Paul Chan.
