Hong Kong Budget 2017-2018: A Digest

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Photo by Alison Pang on Unsplash

It’s been about three weeks since the Hong Kong Budget 2017-2018 was announced by newly appointed Financial Secretary Paul Chan Mo-Po.

We’ve been following the Budget closely since it was announced on 22 Feb, and have over the weeks read pundit commentaries on its forecasts and initiatives. Consider this a digest of the material we’ve found helpful in understanding the Budget, as well as the professional sentiment surrounding it.

The official Hong Kong Budget 2017-2018 webpage

hong kong budget webpage

The Hong Kong Government’s public release of the Budget and its proposals, clearly organised by topic. Read them here or download it as a PDF. A full transcript and video of the speech made by Mr Paul Chan is also available under “Speech”.

PwC’s Budget Insights

PwC HK budget webpage
Credits: PWC

The page includes several infographics on some of the important figures mentioned during the Budget speech. Also available are video interviews with PwC experts on tax matters, Fintech, and R&D in Hong Kong. For the latest Budget updates by PWC, you may refer to their website here.

KPMG has also released a very comprehensive summary of the Budgetkpmg budget summart

“Government continues to offer comprehensive support to startups and creative industries.”

Deloitte 2017/18 Budget Analysis

deloitte hk budget analysis
Credits: Deloitte

“As expected, there are no exciting new initiatives, perhaps to leave room for the next government to bring in new initiatives. Nevertheless, this is a comprehensive budget, which can address the needs of different members of the population, as well as the long-term economic development of Hong Kong as a whole.”

Commentaries from news outlets:

Bloomberg: Hong Kong Budget 2017-18: Winners All Around
South China Morning Post: 2017 budget will keep Hong Kong focused on the future
Computer World Hong Kong: HK Budget 2017: Gov to boost fintech, IT talent cultivation

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Or, take a look at other Hong Kong-related articles on the Talenox blog.

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