发掘香港经济增长新动力（英）

Identifying new options for growthPwC’s recommendations for the Chief Executive’s 2025 Policy AddressIdentifying new options for growthPwC1Executive SummaryIn this executive summary we present recommendations for the Government of the Hong Kong Special Administrative Region (HKSAR)’s considerationn as it prepares the forthcoming Policy Address. These are classified under four main headings, as follows:Strengthening Hong Kong’s role as a global and regional connectorA key requirement of this role is to host and support businesses seeking a regional or global headquarter. To help achieve this, we recommend:•Enhancing the existing talent admission schemes in Hong Kong to ensure they remain relevant and attractive.•Establishing a one-stop services platform to help incoming businesses and executives by ensuring that the move to Hong Kong is as frictionless as possible. The platform should include job matching and offer financial support for childcare and elderly care.•Introducing a regional headquarters tax incentive to attract more businesses. •Allied with this, Hong Kong should leverage its unique role in China and its world-leading financial services sector to further develop high value-added supply chain services and promote the development of intellectual property (IP) trading. •Accelerating enhancements to existing tax concessions for the maritime sector and the introduction of a new tax concession for commodity trading.•Expediting its review of tax deductions relating to IP rights in order to encourage investment. This should include allowing deductions for upfront license fees and the acquisition of IP rights from group companies for tax purposes.•Directing more resources to expediting the expansion of the tax treaty network and strengthening international collaboration, particularly with jurisdictions in ASEAN and along the Belt and Road. Infrastructure to promote regional connectivity is increasingly important as the Northern Metropolis takes shape. Making optimum use of different Public-Private Partnership (PPP) models will help ensure project viability, along with flexible concession terms that cushion investors against real estate valuation risks, the government should also look at risk-sharing on Northern Metropolis sites. Further recommendations include:•Establishing a government-led body to advise different departments on the PPP projects allocated to them.•In order to incentivise regeneration of brownfield and other sites, there should be greater flexibility in usage changes, funded by the private sector. •Tourism-focused development largely centres around development of Victoria Harbour. We recommend the establishment of a Harbourfront Development Authority as a new ecosystem of partnership and governance. Driving new growth engines in Innovation & TechnologyAccelerating artificial intelligence (AI) adoption across both public and private sectors is key to Hong Kong’s development. In this section we look at new funding channels and