Policy Address

Transportation and Logistics Industries

35. The Government plans to introduce a bill into the LegCo this year to amend the Inland Revenue Ordinance to offer tax concession so as to attract companies to develop aircraft leasing business in Hong Kong.

36. Upon commissioning of the Hong Kong-Zhuhai-Macao Bridge (HZMB), it will take only 65 minutes to transport goods from Zhuhai to the Kwai Tsing Container Terminals (KTCTs), instead of about 3.5 hours at present. Meanwhile, the journey time between the Hong Kong International Airport (HKIA) and Zhuhai will be reduced from 4 hours to 45 minutes, thereby greatly increasing business opportunities for the modern logistics sector in Hong Kong. It is estimated that upon full commissioning of the Three-Runway System, HKIA will have the capacity to handle air traffic demand at least up to 2030. Lantau Island will become the geographical converging point of Guangdong, Hong Kong and Macao, providing new opportunities for the next stage of Hong Kong’s development as a regional hub.

37. With established maritime heritage and unique institutional advantages, Hong Kong has a vibrant maritime cluster of more than 800 companies providing an array of quality maritime services including ship management, ship broking and chartering, marine insurance, ship finance, maritime law and arbitration, etc. Last year, the Government set up the Hong Kong Maritime and Port Board. A focus of the Board is to step up promotional efforts to encourage key maritime enterprises to set up in Hong Kong, overseas and in the Mainland with a view to strengthening our maritime cluster, and to encourage the use of our commercial and high value-added maritime services, to develop Hong Kong as a premier maritime services hub in the region.

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