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FS paves way to green, digital future

A number of initiatives and measures aimed at accelerating high-quality development were announced in today’s 2024-25 Budget, with the Government emphasising a move towards a green future and digitalisation.   Explaining that high-quality development spurs ongoing economic innovation and growth whilst conserving the natural environment, Financial Secretary Paul Chan said Hong Kong must pursue opportunities through leveraging its advantages under “one country, two systems”, namely those of enjoying strong support at a national level and being closely connected to other parts of the world.   He stressed that green development involves huge business opportunities and financing needs, as governments and businesses around the world pursue carbon neutrality and green transformation. In addition, he said digitalisation has become a new driving force for economic development, empowering enterprises to enhance efficiency, boost their competitiveness and achieve new growth.   Introdu

National arts fund open to HK

The Government today welcomed the opening up of China National Arts Fund applications from local arts institutions and practitioners for the first time.   The Council of the China National Arts Fund announced that the China National Arts Fund 2022 now accepts applications from Hong Kong and Macau. Eligible arts institutions and practitioners may submit applications via the arts fund’s website from July to September.   The 14th Five-Year Plan promulgated in March included support for Hong Kong to develop into an arts and culture exchange hub of China and the rest of the world.   The Government said it will continue to assist the arts and culture sector to seize the opportunities offered by the country’s 14th Five-Year Plan.   Accepting Hong Kong applications for the arts fund is a testimony to the country’s care for the development of the city’s arts and culture sector and arts talents, providing them a wider scope of development, it added.
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