The Hong Kong Shipowners Association (HKSOA) has expressed support for the national plan presented at the National People’s Congress, emphasizing Hong Kong’s role as a vital international financial and shipping center. The association highlights that the city’s economic success is rooted in its shipping and trade sectors, which continue to bolster its status as a global financial hub and a key connector between East and West.
HKSOA Chairman Richard Hext praised the government’s initiatives aimed at enhancing Hong Kong’s development, particularly in innovation, technology, and talent attraction. He noted the maritime community’s commitment to collaborating with various stakeholders to harness the city’s unique strengths in a rapidly changing environment. The HKSOA is actively advocating for global decarbonization and smart shipping initiatives.
In November 2025, the HKSOA launched the Maritime Talent Cultivation Alliance to strengthen the integration of industry and education, aiming to develop a new generation of maritime professionals equipped with global perspectives. The initiative involves partnerships with prestigious organizations to enhance practical insights into industry operations.
The 2026-27 Budget Speech by the Financial Secretary acknowledged many HKSOA recommendations, including tax concessions for commodity traders and incentives for green fuel-powered vessels, aiming to promote innovation and sustainability within the maritime sector.
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