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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

Games meeting to be held

The General Administration of Sport of China will later convene a meeting with Guangdong, Hong Kong and Macau on preparation of the 15th National Games, Secretary for Home Affairs Caspar Tsui said today.   Mr Tsui told legislators today that the meeting will discuss the division of work, financial arrangements and other details of the games.   The central government announced on August 26 its agreement for Guangdong, Hong Kong and Macau to host the 15th National Games in 2025.   He said a good foundation is in place for Hong Kong to take part in hosting the games, with Kai Tak Sports Park to be commissioned in 2023, the city having the Hong Kong Velodrome where many international competitions have been held and other sports facilities.   As for developing new and improving existing facilities, Mr Tsui noted that 21 of the 26 projects under the Five-Year Plan for Sports & Recreation Facilities have obtained funding approval from the Legislative Council, involving around $7.7 billion in total.   The 21 projects will provide three heated swimming pools and 15 open spaces for public use, the latter including two seven-a-side football pitches, two five-a-side football pitches, four tennis courts, eight basketball courts, two lawn bowling greens and two cycling grounds.   The approved projects will also implement pre-construction activities for redeveloping one sports ground and one amenity complex.   Facilities in seven of the approved projects have been opened or scheduled for opening this year for public use, he added.
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