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Budget Speech

International Maritime Centre

111. Currently, over 80 per cent of the world's merchandise goods still rely on sea transportation.  With Hong Kong's position as a prominent international maritime centre, we have been committed to raising the industry's competitiveness.  Measures include attracting more maritime enterprises to establish a presence in Hong Kong through tax concessions; promoting the development of smart port, for instance, by setting up a digitalised port community system, with a view to further enhancing the efficiency of Hong Kong's port and reducing its operation cost.

Promote the International High-end Maritime Service Industry

112. In order to further promote the development of Hong Kong as an international maritime centre, the Transport and Logistics Bureau will set up a task force with the aim of putting forward, in collaboration with the Hong Kong Maritime and Port Board and representatives of the high‑end maritime services industry, an action plan on the following strategies by the end of this year.  These strategies include:

(a) enhancing business sectors such as ship finance, marine insurance, maritime arbitration and ship management, thereby enabling Hong Kong to become a global leading high‑end maritime service market;
(b) facilitating transformation of global maritime and port business towards zero emission;
(c) promoting the development of smart initiatives and digitalisation in the maritime industry; and
(d) promoting exchanges and collaboration among maritime industries in the GBA and those around the world.

113. I will earmark $20 million to expedite studies on strategies for promoting the high‑end maritime service industry and enhance exchanges among industries in the international arena and the GBA.  The scale of the annual flagship event Hong Kong Maritime Week will also be expanded.

 

 

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