Hong Kong General Chamber of Commerce: Welcome the withdrawal of the Hong Kong budget "spicy" and the expansion of debt issuance size.

The Hong Kong General Chamber of Commerce praises the new "budget" for its comprehensive and practical content, focusing on driving economic and social development and helping to strengthen confidence in Hong Kong. It actively supports various sectors in Hong Kong to seize opportunities and fully cooperate with the country's high-quality development. The President of the Hong Kong General Chamber of Commerce, George Leung, is pleased to see that the budget has adopted many suggestions made by the Chamber, including the complete withdrawal of the "cooling measures" in the property market, expanding debt issuance, and providing specific support for boosting business confidence, attracting investment and talent, optimizing the development of financial and innovation industries, and deepening regional cooperation to consolidate economic recovery and lay a foundation for enhancing Hong Kong's development momentum, competitiveness, and attractiveness in the long term. Facing the continual increase in public fiscal burden in Hong Kong, the Hong Kong General Chamber of Commerce agrees with the budget's adherence to the principle of "spending within one's means". By focusing on controlling operational expenditure growth and considering multiple revenue-raising measures in view of the actual situation, this helps to ensure the resilience and sustainability of public finances.