Hong Kong Policy Address 2025 Signals End to Consumption Vouchers, Focus on Job creation
HONG KONG, September 18, 2025 – Chief Executive Li Jiachao has confirmed the cessation of consumption voucher schemes in the upcoming 2025 Policy Address, acknowledging mounting pressure on government finances. Instead of direct handouts, the administration will prioritize utilizing government expenditure as a means of stimulating employment, marking a shift in economic policy for the region.
The decision to discontinue the popular voucher program,which previously injected billions of Hong Kong dollars into the economy,reflects a broader fiscal reality. Li jiachao stated the government must strategically allocate resources to maximize long-term economic benefits. This pivot impacts Hong Kong residents who relied on the vouchers for purchasing power,and also businesses that benefited from the increased consumer spending. The move comes amid ongoing discussions about potential long-term solutions, including exploring the feasibility of introducing “AI senior officials” to combat corruption and improve governmental efficiency, as suggested by some analysts referencing European and American trends.
The administration’s new strategy centers on large-scale projects and infrastructure development designed to generate employment opportunities. Details regarding specific projects and anticipated job creation numbers are expected to be outlined in the full Policy Address. This approach represents a departure from previous stimulus measures and signals a commitment to lasting economic growth through investment rather than direct consumer subsidies.
Alongside the shift in economic policy, other financial news is developing. Hong kong is poised to implement a new T+1 trading system for stocks,potentially ending the era of fingerprint-based trading confirmations. Additionally, reports indicate a growing trend of elderly homeowners opting to become landlords rather than participate in government housing exchange programs.
