In terms of existing businesses, Mr Lee said the Government would explore new growth areas, specifically by creating a commodity trading ecosystem to attract relevant enterprises to Hong Kong, turning Hong Kong into an operation centre for international commodity trading, storage and delivery, shipping and logistics, risk management, and more.
Mr Lee also announced that the Government would reduce the import duty on liquor, fostering trading of liquor and boosting development of related high value-added industries including logistics and storage, tourism as well as high-end food and beverage consumption.
Other growth markets targeted in the Policy Address include the silver economy, in light of growing demand for products and services catering to the elderly.
To this end, a Working Group on Promoting Silver Economy will be set up to implement measures in five areas covering “silver consumption”, “silver industry”, “quality assurance of silver products”, “silver financial and security arrangements” and “silver productivity”.
“Through our united efforts to reform and innovate, our economy will go even stronger and our people will lead a better life, making Hong Kong a shining city,” Mr Lee said.
More information about the Policy Address is available from www.policyaddress.gov.hk.
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