HONG KONG SAR – Media OutReach Newswire – 30 January 2026 – On January 27, the 2nd Academician Summit on Innovative Applications of International Artificial Intelligence Industry Scenarios and the 2026 Greater Bay Area AI Industry Innovation Ecosystem Conference were held at the Guangdong-Hong Kong-Macao Greater Bay Area (Guangdong) Innovation and Entrepreneurship Incubation Base. With the theme of “Intelligence Drives the Cutting Edge · Scenarios Empower Development”, this summit was co-hosted by the Guangdong-Hong Kong-Macao Greater Bay Area (Guangdong) Innovation and Entrepreneurship Incubation Base and the Artificial Intelligence Industry Alliance (AIIA). It gathered 5 academicians and more than 300 industry representatives. As a supporting unit, Guangdong Tecsun Science & Technology Co., Ltd. was invited to participate, jointly discussing the cutting-edge trends of AI and scenario innovation opportunities, and injecting intellectual momentum into the high-quality development of the Greater Bay Area.
At the meeting, Chen Qu, Deputy General Manager of Desheng Technology, delivered a keynote speech titled “AI Reconstructs the New Era of Medical Data”
During the summit, Chen Qu was invited to attend the “AI Empowers Great Health Closed-door Forum”. Together with many authoritative experts including Academician Zhang Yuanting of the International Academy of Medical and Biological Engineering and Academician Ding Xianping of the Russian Academy of Natural Sciences, as well as representatives from hospitals, biopharmaceutical enterprises, investment institutions and industry associations, she focused on the integration of “industry, academia, research and investment”, and explored the innovative applications and industrial implementation paths of AI in the field of medical and health care.
At the meeting, Chen Qu, Deputy General Manager of Tecsun Science and Technology, delivered a keynote speech titled “AI Reconstructs a New Era of Medical Data”. She pointed out that hospitals are currently facing common pain points such as a proliferation of systems and data silos. Driven by the convergence of policy impetus, technological trends and the demand for reform amid inefficient business operations, Tecsun Science and Technology has built a full-link closed loop covering data collection, governance, service and intelligent application by constructing the “1+3+N” data base and integrating multimodal data lakes, large models and AI capabilities. This helps hospitals improve clinical efficiency, realize intelligent management and scientific research innovation, and promote the efficient achievement of policy goals such as electronic medical record rating and interconnection evaluation.
In the award ceremony, Tecsun Science and Technology was awarded the title of “2025 Artificial Intelligence Innovation Benchmark Enterprise” for its outstanding performance in AI technology research and development, scenario implementation and industrial empowerment. This is not only a recognition of the company’s technological innovation strength, but also a full affirmation of its practical value in promoting the integration of AI and people’s livelihood services by the industry.
This summit focused on cutting-edge trends and industrial implementation, highlighting the key role of scenario innovation in AI development. As a digital service provider for people’s livelihood services, Tecsun Science and Technology will continue to cooperate with AIIA and industry partners, deepen the exploration of “artificial intelligence + people’s livelihood services”, continuously optimize model capabilities, strengthen the implementation of AI scenario applications, and make sustained contributions to the construction of the artificial intelligence industry innovation ecosystem. Hashtag: #Tecsun
The issuer is solely responsible for the content of this announcement.
Apple has disclosed a new approach to artificial intelligence–driven speech synthesis that restructures how sounds are handled before they reach neural networks, a change the company says can significantly accelerate voice generation while preserving naturalness. The technique groups phonetically similar audio units into clusters prior to processing, reducing computational load and enabling faster output, a development with implications for on-device features, accessibility tools and data privacy. According […]
French prosecutors have carried out a judicial operation targeting offices and data linked to Elon Musk’s social media platform X as part of an inquiry into how the company’s recommendation systems operate, widening the scope to include examination of its artificial intelligence chatbot, Grok. The move places one of the world’s most influential digital platforms under intensified regulatory and legal scrutiny in Europe at a time when […]
A coordinated cyber-espionage campaign attributed to the Chollima advanced persistent threat group has drawn attention from security researchers after attackers used malicious Windows shortcut files to deliver a multi-stage malware payload aimed at activists and analysts tracking North Korea. Investigations show the operation unfolded in March 2025 and targeted individuals engaged in policy research, human rights advocacy and security analysis related to the Korean peninsula. The […]
Spin the lucky windmills at Galaxy Macau to generate vitality and good luck with glittering offers breezing through the luxury resort to shower guests with good fortune
MACAU SAR – Media OutReach Newswire – 3 February 2026 – Galaxy Macau, Asia’s leading luxury integrated resort, proudly launches “Start the Year Lucky at Galaxy Macau” Chinese New Year Campaign, inviting guests to embrace good fortune through a curated selection of festive activities, culinary experiences, exclusive shopping privileges and immersive entertainment from February 4 to March 3. Signup on WeChat for Galaxy Ultimate membership to enjoy every bit of each visit.
Start the Year Lucky at Galaxy Macau
Spin lucky windmills to receive great blessings
This year’s celebrations are built around the central theme of the lucky windmill, a playful and symbolic motif believed to usher in luck. Throughout the season, Galaxy Macau will be adorned with enchanting windmill décor—each spin symbolising the arrival of good fortune. Across Galaxy Promenade, in resemblance of spring flowers in full bloom, giant displays of peach blossom and daffodil windmills symbolise a continuous flow of good fortune and blossoming prosperity. Guests will discover these windmills thoughtfully placed across the resort and are invited to spin selected ones to capture auspicious blessings for the coming Chinese New Year and take wonderful photos, creating visual harmony with the resort’s gilded architecture and inviting visitors to welcome luck at every turn.
This Chinese New Year, spin the lucky windmills at Galaxy Macau to wish for fortune and health, while enjoying the wondrous array of privileges across the award-winning luxury resort.
Beginning on February 4, the day marking the start of spring in the traditional lunisolar calendar, Galaxy Macau’s iconic, multisensory Diamond Show will transform into a special seasonal format, accompanied by two gigantic windmills that accentuate the elements of luck, adding dazzling brilliance to the resort’s celebrations. During Chinese New Year, traditional lion dances and God of Fortune greetings will shower auspicious blessings on guests, strengthening the spirit of renewal and good luck throughout the luxury resort.
From February 4 to March 3, guests spending MOP300 or more, or presenting a hotel keycard with holder or same-day show tickets at mall concierge counters at Galaxy Promenade, will receive a lucky gift prepared to spread the vibrant festive greetings.
Families checking in over the festive period can look forward to a rich programme of Chinese New Year–themed workshops at the Galaxy Kidz Edutainment Center. Specially designed for younger hotel guests, these workshops offer engaging, hands‑on experiences that introduce children to festive icons, seasonal crafts and cultural stories associated with the Chinese New Year. These activities not only add playfulness and creativity to the celebrations but also allow children to shape cherished memories during their stays at Galaxy Macau.
Shop at Galaxy Promenade this Chinese New Year for the perfect gifts for loved ones, while receiving captivating rewards and privileges.
Open blind boxes to get lucky rewards
Galaxy Macau’s luxury retail destination – Galaxy Promenade, home to world‑renowned fashion houses, lifestyle brands and specialty boutiques – will further elevate the festive environment with themed storefronts and specially curated gift items. Between February 13 and 23, guests can enjoy up to 6% shopping and dining rebate upon designated spending at Galaxy Promenade, along with the chance to instantly win a Blind Box and receive lucky souvenirs at the brand-new Italian Shopping Area or Pearl Lobby.
Besides house-operated exciting rewards, the house of brands along Galaxy Promenade, such as Cartier, Delvaux, Dior and Prada, will run highlight seasonal activations to maximise the festive ambiance.
Sumptuous festive delicacies await at Galaxy Macau to spread luck, joy, health and togetherness for the Chinese New Year.
Festive delicacies to share good fortune
Central to Galaxy Macau’s Chinese New Year celebrations is an exquisite range of gourmet festive delicacies. Whether enjoyed in a festive reunion meal or as part of traditional seasonal rituals, these delicacies reflect Galaxy Macau’s dedication to culinary excellence.
From February 14 to March 8, “Lai See” dining vouchers will be awarded to guests spending designated amounts at selected restaurants for use during returning visits, so as to maximise the celebratory atmosphere and bring joy to gatherings of family and friends. Festive delights are served at more than 10 Galaxy Macau restaurants, from traditional Chinese to global flavours.
Get lucky at Galaxy Macau’s house of top performance venues while enjoying top tier shows from stars from around the world.
Spectacular entertainment to welcome good fortune
Galaxy Macau’s entertainment offerings shine even brighter during the campaign. This Chinese New Year, Galaxy Macau’s collection of world-class performance venues are filled with spectacular shows.
Besides Hollywood star Jimmy O. Yang’s variety spectacles at Galaxy Arena on February 21 and 22 featuring special guests including singer Jackson Wang, Cantopop star Wan Kwong and rising Hong Kong star musician Tyson Yoshi, K-Pop boy group RIIZE is set to stage the Macau shows of their [RIIZING LOUD] Concert Tour at the same venue on February 7 and February 8.
Chinese singer Tian Zhen, will take the stage at Galaxy Arena on February 19 to mesmerise fans on the third day of the Year of the Horse. Popular star Silence Wang will join the line by performing for three nights from February 27 to March 1 at Galaxy Arena to explain his interpretation of “Rise of Romance”, which is the name of his concert tour.
On February 5, Galaxy Cinemas dazzles with star power, as Hong Kong film “Night King” will present its World Premiere at Galaxy Macau’s East Square with a crew meet-and-greet, featuring some of the biggest names in Hong Kong film industry, led by the director of the film Jack Ng joining the stars and fans.
GalaxyArt presents from now until April 12 the works of pioneer Chinese master copper sculptor Zhu Bingren, an artisan who revived the historic artform through boundless exploration and imagination.
The Golden Glow of Art Welcomes the New Year
GalaxyArt, the artistic arm of Galaxy Macau, is presenting “Golden Fortunes: the Macau Debut of Zhu Bingren’s Copper Art” until April 12. National-level artist and pioneer of the “molten copper” artistic technique, Master Zhu joins hands with his son, Mr Zhu Junmin, to showcase at GalaxyArt a series of 68 glittering copper arts and other artforms, some of which being national diplomatic gifts and others – galloping horses and elegant peacocks – wishing good prospects for the New Year. Guests are invited to savour an artistic spring season at Galaxy Macau.
GEG Presents: Lai Chi Vun Shipyards Spring Festival Bazaar of Fortune
Celebrate Chinese New Year together amidst festive cheer at Lai Chi Vun Shipyards! Tradition and excitement converge at this year’s spectacular bazaar, featuring stunning attractions including Macau’s largest display of 302 dancing lion heads—an innovative check-in spot, Chinese New Year limited festive wishing trees, and a popular ice-skating rink. This seasonal celebration will take place from February 14 to 22 and on weekends between February 28 and March 8. With plenty more to explore, the Spring Festival Bazaar of Fortune is the Chinese New Year destination for everyone!
StarWorld Hotel will be festively decorated every corner to boost the celebratory atmosphere, amid sumptuous festive delicacies presented by its award-winning culinary team.
StarWorld Hotel dresses up for Chinese New Year
Located in the heart of Macau Peninsula, StarWorld Hotel celebrates the Chinese New Year in parallel style. The hotel will be festively decorated every corner to boost the celebratory atmosphere. Amidst the joyful vibes, guests are invited to savour seasonal delicacies meticulously prepared by StarWorld’s award-winning restaurants – immerse in warm wonders as unlimited gatherings take place.
The issuer is solely responsible for the content of this announcement.
About Galaxy Macau Integrated Resort
Galaxy Macau, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau and the opening-soon Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.
As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theatres are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.
Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.
StarWorld Hotel, Galaxy Entertainment Group’s (GEG) first five-star flagship hotel, is located in the heart of Macau’s business and entertainment hub on the Macau Peninsula. The iconic 39-storey hotel is famed for its distinctly Asian characteristics of intelligence, experience and innovation and its star-rated quality in hospitality, entertainment, accommodation and dining.
Opened in 2006, StarWorld Hotel is the hub to see everything the city has to offer, and it appeals to tourists from all over the world. Renowned for its ultra-high levels of personal services to guests, StarWorld has won numerous prestigious awards including the 5-Star Diamond Award from the American Academy of Hospitality Sciences, the Top 100 Hotels of China designation from the China Hotel Industry Summit, the Top 10 Glamorous Hotels of China designation from the China Hotel Starlight Awards, the Supreme Award for the Most Glamorous Hotel of Asia from the Golden Horse Awards of China Hotels and the “Top Class Comfort Hotels” from Michelin Guide Hong Kong & Macau from 2014 to 2020.
Syrian authorities say security forces have dismantled an unconventional drug-smuggling operation that relied on hot-air balloons, seizing millions of Captagon pills and large quantities of narcotics in what officials described as a coordinated border and interior operation. A statement carried by state media said troops confiscated about two million Captagon tablets, 605 palm-sized packets of hashish weighing a combined 151kg, 610 helium cylinders and 75 hot-air balloons […]
Arabian Post Staff -Dubai President His Highness Sheikh Mohamed bin Zayed Al Nahyan held substantive talks with His Excellency Guy Parmelin, President of the Swiss Confederation, in Abu Dhabi on Tuesday, emphasising cooperation on artificial intelligence, economic partnership and water security while reinforcing diplomatic commitment to global peace and stability. The discussions at Qasr Al Shati brought forward agreements aimed at deepening bilateral relations between the two […]
Gulf Warehousing Company has stepped onto a global technology stage with its debut at Web Summit Qatar 2026, signalling how logistics groups in the Gulf are repositioning themselves around data, automation and artificial intelligence. The Doha-based firm announced a partnership with Apify, a European cloud platform known for web data extraction, automation tools and AI-driven workflows, during the four-day summit held from 1 to 4 February in […]
Oracle is preparing to raise about $50 billion during 2026 as it accelerates spending on data centres, specialised chips and network capacity to meet a sharp rise in demand for artificial-intelligence workloads, according to people familiar with the company’s plans. The proposed capital raise, which would rank among the largest ever attempted by a US technology group in a single year, reflects the scale of investment required […]
Kenya is set to host its first public cloud region after iXAfrica Data Centres confirmed a partnership with Oracle, a move that places Nairobi at the centre of East Africa’s fast-expanding digital infrastructure map. The initiative, announced in January 2024, brings Oracle Cloud Infrastructure services to locally based facilities operated by iXAfrica, allowing businesses and public institutions to store and process data within the country rather than […]
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A policy signal aimed at accelerating investment in data centres and cloud infrastructure has placed long-horizon tax certainty at the centre of India’s digital strategy, with the government outlining a framework that would allow eligible technology companies operating in designated zones to enjoy tax neutrality aligned with the national Vision 2047 roadmap.
The move, articulated through a combination of policy statements, budget-linked clarifications and regulatory guidance, is intended to draw hyperscalers, artificial intelligence firms and data infrastructure investors into large-scale, long-duration projects. Officials have framed the approach as a way to anchor capital-intensive facilities whose payback periods stretch over decades, while supporting the ambition of building a multi-trillion-dollar digital economy by the country’s centenary year.
Rather than a blanket exemption across the economy, the proposal centres on sector- and location-specific incentives. These include extended tax holidays and concessional regimes within special economic zones, international financial services hubs and approved data centre parks, alongside customs-duty relief on equipment, accelerated depreciation and stable indirect tax treatment for power, cooling and network inputs. Policy planners argue that such assurances reduce regulatory risk and make India competitive with rival hubs in Southeast Asia and the Middle East.
Data centres have emerged as a focal point of the strategy. Explosive growth in cloud computing, streaming services, digital payments and generative AI has driven demand for hyperscale facilities, each requiring billions of dollars in upfront investment and long-term commitments to energy supply. Government assessments suggest that predictable taxation over a multi-decade horizon is as critical as land and power availability when investors choose locations.
Senior policymakers have linked the tax framework to broader reforms designed to ease market entry. These include streamlined approvals through single-window systems, clarity on cross-border data flows under evolving digital governance rules, and incentives for renewable energy integration to address the sector’s heavy electricity needs. State governments are also playing a role, offering land at concessional rates and rebates on electricity duties to attract marquee projects.
Industry executives have responded cautiously but positively. Large cloud providers and colocation operators have welcomed signals of long-term stability, noting that uncertainty over future tax treatment has historically complicated investment planning. At the same time, companies are seeking detailed rules on eligibility, duration and compliance obligations, wary of policy reversals or narrow interpretations that could dilute the promised benefits.
Economists see both opportunity and risk in the approach. Supporters argue that anchoring global technology players could generate spillover benefits, from skilled employment and local supplier networks to improved digital services for domestic firms. They also note that data infrastructure underpins sectors ranging from finance and healthcare to manufacturing and logistics, amplifying its economic impact beyond headline investment numbers.
Critics caution that extended tax concessions must be carefully calibrated to avoid eroding the revenue base without delivering commensurate gains. They point to the need for clear performance benchmarks, such as minimum investment thresholds, local employment commitments and sustainability standards, to ensure public value. Questions have also been raised about competitive neutrality, with domestic firms seeking assurance that incentives will not unduly favour a handful of global giants.
The policy push comes amid intensifying global competition for data and AI infrastructure. Governments worldwide are offering combinations of tax relief, energy subsidies and regulatory flexibility to attract projects seen as strategic assets. India’s pitch emphasises scale, market growth and democratic governance, positioning the country as a long-term partner rather than a short-term tax arbitrage destination.
Arabian Post Staff -Dubai House of Shipping, a Dubai-headquartered advisory and execution firm serving the logistics and maritime sectors, has moved to deepen its technology and operations footprint by setting up a Global Capability Center in India, signalling a broader push by Gulf-based logistics specialists to tap skilled digital talent and scalable engineering capacity. The company has signed an agreement with InfoSun to establish the centre, which […]
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HONG KONG SAR – Media OutReach Newswire – 2 February 2026 – CPA Australia has today submitted a set of forward-looking recommendations for consideration in the Hong Kong SAR Government’s 2026-27 Budget. With an estimated HK$0.9 billion fiscal deficit for 2025–26 and solid fiscal reserves of HK$653 billion, CPA Australia propose a series of policy measures under the theme of “Power Hong Kong’s Growth” focusing on four pillars:
Connecting China and global markets to power growth
Strengthening Hong Kong as a global trade and wealth hub
Diversifying the economy and boosting workforce competitiveness
Raising living standards for a healthier and liveable city
(from left to right) Ms Karina Wong, Divisional Councillor and Deputy Chair of Taxation Committee of CPA Australia Greater China; Mr Janssen Chan, Co-Chair of Taxation Committee; Mr Anthony Lau, Co-Chair of Taxation Committee of CPA Australia Greater China; Mr Adam Chiu, Member of Taxation Committee of CPA Australia Greater China
Connecting China with global markets and powering Hong Kong’s future economic engine
CPA Australia emphasises that Hong Kong must reinforce its position as the premier gateway connecting China with global markets. As China’s 15th Five Year Plan places greater focus on high-quality opening up, Hong Kong is uniquely positioned to help Chinese enterprises expand overseas while attracting foreign direct investment into the Mainland through Hong Kong. Strengthening this gateway function will be critical to driving the city’s next phase of economic growth.
Mr Anthony Lau, Co-Chair of CPA Australia’s Greater China Taxation Committee stated,
“Developing a unified and coherent tax incentive framework for Corporate Treasury Centres (CTC) and regional headquarters (RHQ) would further strengthen Hong Kong’s appeal as a base for multinational operations. In addition, the effectiveness of re-domiciliation has attracted many overseas companies to move their legal domicile to Hong Kong. As there is no clear guidance on whether re-domiciliation will trigger Mainland tax liabilities and tax reporting obligations, we recommend the Hong Kong Government engages with the Mainland tax authorities to clarify that no actual transfer of assets occurs during the process, and therefore no Mainland tax should arise.”
“We also recommend advancing market connectivity measures such as allowing a tax deduction specifically for IPO-related expenses for companies that list on the Main Board of the HKEX, and continuing to enhance existing cross boundary financial mechanisms such as introducing an IPO Connect scheme.”
A streamlined approach would reduce complexity, improve tax certainty and encourage overseas and Mainland enterprises to centralise management, financing and strategic functions in Hong Kong.
CPA Australia also highlights the importance of positioning the Northern Metropolis as a flagship cross‑border innovation zone that will drive Hong Kong’s future growth. Mr Lau said, “To support the infrastructure development, we suggest the Government adopts forward‑looking financing tools that ease pressure on public finances. These may include issuing bonds targeted at with an estimate amount for example USD2 billion at different maturity to international investors, and providing a tax exemption for bond holders on interest income and trading profits derived from bonds issued for Northern Metropolis infrastructure projects, whether issued by the government or the private sector.
“To attract leading innovation and technology enterprises to the zone, we further recommend broadening the scope of qualifying R&D expenditures to include activities outsourced to related parties based and operating in other cities within Greater Bay Area. This reflects the increasingly integrated nature of cross boundary innovation and supply chains.”
Strengthening Hong Kong as a global trade centre and a hub for wealth retention
Hong Kong’s long‑standing role as a free, open and trusted trading and financial gateway remains central to its international relevance.
Ms Karina Wong, Deputy Chair of the Greater China Taxation Committee said, “Hong Kong should build on its unique status as a global trading centre by strengthening the free trade port regime and expanding support for high-value commodity trading, which would help diversify the city’s economic base and enhance market depth. Qualifying commodity items such as silver and rare-earth materials remain outside the current scope, the qualifying list needs to be reviewed regularly, with sufficient legislative flexibility, to ensure timely updates in response to market developments. The Government could also consider whether the scope should extend beyond physical trades and incidental income to cover derivative driven transactions, which form a significant part of global commodities activity.”
A stronger family office ecosystem is central to reinforcing Hong Kong’s role as Asia’s preferred hub for wealth management and succession planning. “We recommend introducing a preferential 8.25 per cent profits tax rate for Single Family Office, Multi Family Offices (MFOs) and fund managers to enhance Hong Kong’s competitiveness relative to other regional wealth management centres.
“Aligning the permissible investment asset classes under the family office tax concession regime with those under the Capital Investment Entrant Scheme (CIES) would also streamline operations, provide greater investment flexibility and further strengthen Hong Kong’s appeal among global wealth owners managing long term capital,” added Ms Wong.
Modernising Hong Kong’s philanthropy framework would encourage a more caring and compassionate community and strengthen the city’s appeal to long-term capital. “The generous donations supporting residents and the reconstruction of Wang Fuk Court show that Hong Kong is a caring city. To encourage greater philanthropic participation, we suggestremoving the current 35 per cent cap on cash donation deductions and allowing a full 100 per cent deduction, while introducing a 300 per cent enhanced deduction for contributions to designated funds, such as the Community Care Fund and Disaster Relief Fund. This would direct more resources toward areas of social need.
“These reforms will strengthen Hong Kong’s ecosystem for trade, wealth management and philanthropy, helping the city attract and retain long term capital and strengthen Hong Kong’s competitive edge,” Ms Wong said.
Diversifying the economy and enhancing workforce competitiveness
As advanced economies accelerate digital transformation and adopt emerging technologies, Hong Kong’s long-term competitiveness will depend on the city’s ability to scale innovation, raise productivity and strengthen the capacity of its workforce and enterprises.
“We propose to relaunch a revamped Technology Voucher Programme to help businesses, in particular SMEs, accelerate digitalisation and adopt artificial intelligence (AI) solutions that enhance efficiency and competitiveness.
“Strengthening R&D related tax incentives is equally important in driving innovation, therefore we propose increasing the cap for the highest rate of the R&D super tax deduction by raising the threshold for the 300 per cent deduction on qualifying R&D expenditure from HK$2 million to HK$4 million.” said Mr Janssen Chan, Co‑Chairperson of CPA Australia’s Greater China Taxation Committee.
SMEs remain the backbone of Hong Kong’s economy, yet many continue to face cost pressures and increasing competition.
“We recommend raising the cap under the two-tier profits tax regime for concessional 8.25 per cent half-rate from HK$2 million to HK$4 million of assessable profits. Extending the SME Financing Guarantee Scheme beyond March 2026 is another move that would ease operating pressures for smaller businesses and encourage reinvestment,” added Mr Chan.
By raising the two-tier profits tax cap, extending financing support and retooling tech programmes for AI adoption, the Government can give SMEs the room to grow and strengthen their long-term resilience.
Raising living standards and building a healthier and more liveable city
Mr Adam Chiu, member of the Greater China Taxation Committee, said the Budget should introduce targeted tax and subsidy measures that deliver practical support to households while encouraging healthier and more productive lifestyles.
“To provide direct relief to taxpayers, we recommend maintaining the 100 per cent salaries tax rebate on the 2025/26 final salaries tax, capped at HK$6,000. This would help offset rising living costs and support disposable income, particularly for middle‑income earners. We also propose introducing a tax deduction of up to HK$60,000 for working families who employ domestic helpers specifically to care for children, elderly family members or persons with special care needs. This would help ease caregiving pressures, support labour‑force participation.” Mr Chiu said.
He added that lifelong learning and skills upgrading are increasingly important in a rapidly evolving economy. “To enable individuals to undertake more advanced or specialised training, including in emerging areas such as AI, we recommend increasing the subsidy ceiling under the Continuing Education Fund to HK$30,000 per eligible applicant, and increasing the cap on the self-education tax deduction to HK$150,000 per year. To promote physical wellbeing, we also propose a tax deduction of up to HK$2,000 for sports‑related expenses.”
“By supporting working families, encouraging lifelong learning and promoting healthier lifestyles, these measures can collectively enhance quality of life and help build a more resilient and inclusive Hong Kong,” Mr Chiu said.
CPA Australia believes these recommendations will strengthen Hong Kong’s ability to engage more effectively with global markets, enhance its competitiveness as an international financial and business hub, and improve quality of life for residents. Taken together, these measures will help ensure Hong Kong is well positioned for a more sustainable, innovation driven and inclusive future.
Hashtag: #CPAAustralia
The issuer is solely responsible for the content of this announcement.
About CPA Australia
CPA Australia is one of the largest professional accounting bodies in the world, with more than 176,000 members in over 100 countries and regions, including more than 22,500 members in Greater China. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on issues affecting the accounting profession and the public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au
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