Hong Kong Budget

Hong Kong Budget

On 22 February 2017, the Honourable Paul MP Chan, Hong Kong Financial Secretary, delivered his Budget speech to the Legislative Council.

On 22 Feb the Honourable Paul MP Chan delivered his Budget speech to the LegCo.

The new Financial Secretary, the Hon Paul MP Chan, has presented his first Hong Kong Budget speech a little over one month into his new role. Despite a changing of the guard, following the Hon John C Tsang vacating his long held position, there was little new in terms of approach, with similar themes and the same measured approach adopted in previous years broadly followed once again. In some ways, this was inevitable in view of the Financial Secretary’s recent appointment and the Chief Executive election later in the year.

In our view, this year’s Budget speech confirms the underlying strength of the Hong Kong economy, while acknowledging that we are but part of the wider macro political and economic environment. It very much represents a continuation of policy from one Financial Secretary to another. It also indicates that while there are resources available to consider a change of course, global uncertainty has ultimately meant that the status quo remains for now. That said, many of the initiatives proposed are a step in the right direction and we look forward to the government following through with implementation.

Connect with us

Contact us

To find out more about our services or to identify your KPMG contact, please use our contact form to get in touch.

KPMG partners comment on the Hong Kong Budget announcement

KPMG partners Michael Olesnicky and Stanley Ho discuss key highlights from the Hong Kong Budget and share KPMG’s view on the proposed set-up of a Tax Policy Unit

 
Watch the video

KPMG China survey highlights and proposals

A survey of over 200 senior business executives about their expectations of the Hong Kong Budget

 
Read more

Latest publications

Hong Kong Tax Alert

This is an adhoc newsletter covering topical tax issues in Hong Kong.

 
Read more

China Tax Alert

This is an adhoc newsletter each covering new issues affecting businesses in China.

 
Read more

China Tax Weekly Update

This publication provides a simple summary of the latest Chinese tax and regulatory...

 
Read more

International Tax Review - China Looking Ahead (6th Ed)

In this edition, our tax specialists examine recent developments in Chinese tax law...

 
Read more

China’s digital economy becomes the economy itself

China tax in the digital age - Issue 1, July 2016

 
Read more

Hong Kong Banking Outlook 2017

This update forecasts developments and trends affecting Hong Kong’s banking sector in 2017

 
Read more

Opportunities for Chinese and foreign businesses

KPMG’s analysis of the Outline, and its implications for FDI and ODI opportunities

 
Read more

Now or Never - 2016 CEO Outlook

The 2016 China CEO Outlook surveyed 129 CEOs in China, and offers insight ...

 
Read more