In the Media

At the South China Morning Post SCMP forum, “Redefining Hong Kong Series 2025: Budget Edition,” Associate Dean of HKU Business School and Director of the Asia Global Institute Prof. Heiwai Tang emphasised that Hong Kong's debt-to-GDP ratio is significantly lower than other developed economies such as Singapore, Japan, and the U.S. This leaves much room for the government to proactively use government-backed bonds to invest in new growth drivers, given the historically positive economic returns on investments in large infrastructure projects. In a related article published in the Singapore-based The Straits Times, Prof. Tang shared insights on upgrading Hong Kong's economic sectors that were consistent with the views mentioned earlier. “Hong Kong’s highly ranked and globally recognised universities have lots of great basic scientific and academic research that should have some commercial value that needs to be realised,” Prof. Tang said. He also stressed the importance of fostering better synergy between Hong Kong and other cities in the Greater Bay Area. With these efforts, Hong Kong can unlock new opportunities and solidify the city’s role as more than just a financial centre.