The Hong Kong Productivity Council (HKPC) and the Hong Kong Trade Development Council (HKTDC) have voiced their endorsement of the 2025-26 Budget, emphasizing its dedication to fostering innovation, technology, and small and medium-sized enterprise (SME) development. Both organizations have pledged to collaborate closely with the government to enhance economic competitiveness. The budget’s emphasis on technological advancement and support for SMEs has been welcomed by both councils, who see these initiatives as pivotal for driving growth in key sectors such as artificial intelligence, green technology, life sciences, and microelectronics. Additionally, the introduction of new programs like the "E-commerce Express" aims to facilitate Hong Kong businesses' expansion into mainland China through digital platforms.

The HKPC, under the leadership of Hon Sunny Tan, has expressed strong support for the budget's focus on boosting investment in innovation and technology. Tan highlighted that technological progress is a cornerstone of economic prosperity. The council plans to align with government efforts to advance fields such as AI, green transportation, and hydrogen technology. Furthermore, the HKPC will assist in transforming industries through funding initiatives, including the $100 million Pilot Manufacturing and Production Line Upgrade Support Scheme, which aims to modernize manufacturing processes for SMEs.

Dr. Peter K. N. Lam, Chairman of the HKTDC, praised the budget's enhanced support for SMEs, particularly through funds dedicated to branding, upgrading, and domestic sales. He emphasized new ventures such as the “E-commerce Express” program, designed to help local businesses penetrate the mainland Chinese market via online channels. Lam also noted improvements in the application process for these funds, making it easier for SMEs to access financial assistance for exploring new markets both within China and internationally.

Sustainability remains a crucial area of focus for both organizations. The HKPC is committed to promoting green technologies, especially in transportation and hydrogen energy. Meanwhile, the HKTDC integrates sustainability into global trade and investment events, such as the Belt and Road Summit and the Hong Kong Global Financial and Industry Summit. These efforts underscore Hong Kong's commitment to sustainable development and its role as a global business and financial hub.

In conclusion, the HKPC and HKTDC have reaffirmed their dedication to working alongside the government to bolster Hong Kong's economic resilience. By focusing on innovation, supporting SMEs, and prioritizing sustainability, both councils aim to position Hong Kong as a leader in technology-driven growth and sustainable development. Their collaborative efforts are expected to yield significant benefits for the city's economy and its businesses in the face of evolving global challenges.