Page 176 - 2024 Special Report on the State of Business in South China
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options; explore with the Guangdong Provincial • Northern Metropolis as the new engine
Government and other institutions on setting up for growth; adopt an “industry-driven” approach
a joint investment fund to invest in projects with and integrate deeply with Shenzhen and other
social and economic benefits in GBA; set up the GBA cities; leverage market forces to expedite the
Digital Policy Office to expedite digitalization of development.
government services and opening-up of more
government data • Formulate the Development Blueprint
for Hong Kong’s Tourism Industry 2.0, develop
- Reinforce Hong Kong’s advantages and signature tourism products, and enhance
build a diversified economy development of cruise tourism economy.

• Reinforce Hong Kong’s status as • Promote new energy transport – develop
international financial center – enhance stock bunkering of green maritime fuel and supply
market liquidity, expand offshore Renminbi of sustainable aviation fuel, formulate strategy
business, deepen GBA collaboration and venture for hydrogen development, and promote green
into green finance. transformation of public land transport

• Expand our global economic and trade - Trawl for enterprises, attract and retain
networks and our reach to new markets; set up talent: Develop a “Headquarters Economy” to
more consultant offices to attract businesses and attract enterprises from outside Hong Kong to
investment. set up headquarters and/or corporate divisions
in Hong Kong; attract companies to re-domicile
• Publish the Action Plan on Modern Logistics to Hong Kong; expatriates, including foreign staff
Development to promote smart development, of companies in Hong Kong, can travel to the
modernization, green and sustainability, mainland on “multiple-entry visas”, with priority
internationalization and facilitation of logistics. visa processing; entries of Vietnamese, Laotian
and Nepalese talents are relaxed.; establish
• Strengthen support to SMEs by providing the physical office of Hong Kong Talent Engage,
flexible repayment arrangements, tapping into expand the coverage of universities under the Top
e-commerce, expediting digital transformation, Talent Pass Scheme, and implement the Capital
and reinforcing export credit insurance. Investment Entrant Scheme. Establish the Hong
Kong International Legal Talents Training Academy
• Accelerate growth of the innovation and the Hong Kong International Academy Against
and technology (I&T) ecosystem; set up the New Corruption, developing Hong Kong into a talent
Industrialization Development Office to support nurturing base.
development of strategic enterprises, facilitate
upgrading and transformation of manufacturing - Build a liveable and vibrant city: Generate
sector and assist start-u. Set up a HK$10 billion more land and housing at a quicker pace and more
New Industrialization Acceleration Scheme to efficiently, speed up urban renewal and unleash
provide matching fund for promoting downstream development potential; build about 410,000 public
development of new industrialization. housing units in the next decade, far exceeding
the demand; establish the Task Force on Tackling
• Develop cultural and creative industries; the Issue of Subdivided Units (SDUs) to examine
inject HK$4.3 billion to the Film Development Fund the issues and advise on way forward; review the
and the CreateSmart Initiative. policies and legislation to enhance building safety
and management; enhance energy conservation
• Publish the Action Plan on Maritime and and decarbonization of buildings, and expand
Port Development Strategy to develop Hong scope for resources recovery and recycling.
Kong into a leading international maritime center,
promote high value-added maritime services and - Promote fertility and create a pro-
facilitate GBA maritime collaboration. childbearing environment: Provide a cash

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