Hong Kong Introduces Measures to Boost Population Growth

In response to Hong Kong's declining birth rate and an ageing population, Secretary for Labour and Welfare Chris Sun announced a multi-faceted initiative aimed at promoting population growth, including incentives for childbirth and measures to attract overseas talent. The government has approved over 270,000 applications under its talent admission schemes, surpassing its target, and introduced family-friendly policies like a HK$20,000 Newborn Baby Bonus to encourage more births. Concurrently, the Asian Financial Forum highlighted Hong Kong's potential as a hub for innovation and green finance, with a record number of overseas companies and start-ups establishing themselves in the city. Chief Executive John Lee outlined plans to strengthen Hong Kong's financial connections with Mainland China and develop an international gold trading center to boost competitiveness. Additionally, China’s central bank chief expressed confidence in the country’s economic recovery and the importance of enhancing financial ties with Hong Kong. These combined efforts reflect a strategic focus on ensuring long-term economic viability and population sustainability in Hong Kong.