China News Service, Hong Kong, February 29th. The Financial Secretary of the Hong Kong SAR Government, Paul Chan Mo-po, announced the new year's budget at the Legislative Council on the 28th.

A number of Hong Kong newspapers published on the 29th commented positively on this, believing that this is a pragmatic and progressive budget that actively responds to public expectations and will help Hong Kong boost the economy and accelerate recovery.

　　An editorial in Hong Kong's "Wen Wei Po" believes that the budget proposes a series of pragmatic, enterprising, and long-term measures to add impetus to economic recovery and high-quality development.

Among them, the ideas and measures to revitalize the economy and create a future will concretely implement the central government’s expectations and the blueprint of the Chief Executive’s policy address.

　　The editorial of Hong Kong's "Ta Kung Pao" pointed out that in the context of complex and volatile international geopolitics and the challenges faced by Hong Kong's economic recovery, the SAR government has assessed the situation, been pragmatic and promising, and strived to seize the opportunities brought by the country's high-quality development in the budget and make good use of them. The central government's policy of favoring Hong Kong has enhanced development momentum and further strengthened the confidence of all walks of life in Hong Kong in the future.

　　"Hong Kong Commercial Daily" commented that in the face of the current challenges to the economy and people's livelihood, the budget introduced a series of measures to strengthen the foundation and build up the economy, taking into account both the long and short term, and continued to introduce measures to benefit the public and provide relief to the weak.

Overall, the budget actively responds to the expectations of citizens and businesses, while laying out a long-term layout for Hong Kong's high-quality development. It deserves recognition and support.

　　The Hong Kong Economic Journal's editorial noted that the biggest highlight of the new budget is that the SAR government has finally decided to completely cancel the "dirty measures" in the property market.

The article also pointed out that it is not enough to simply loosen restrictions, but must invest energy in many aspects to allow the economy to stretch.

　　The editorial of "Sing Tao Daily" also paid attention to the comprehensive "removal" measures, believing that this can improve the real estate market atmosphere and increase citizens' confidence in entering the market.

A stabilization of the real estate market will be conducive to economic recovery, allow fiscal revenue to rebound, and get rid of the deficit problem as soon as possible.

　　An editorial of the English media "South China Morning Post" believes that the budget introduces a series of green measures for finance, technology, shipping, etc., and also proposes to allocate additional resources to build the Hong Kong brand. Although these measures require long-term investment to be effective, they are also a new type of development for Hong Kong. A must for the economy and green living, which will be of great benefit to the city in the long run.

　　"Hong Kong Economic Daily" mentioned that the measures proposed in the new fiscal budget to "remove the heat" from the real estate market and focus resources on the tourism industry in the short term show that the SAR government is facing reality.

In the medium to long term, the SAR government must still be more active in grabbing enterprises, talents and funds, comply with national plans and needs, quickly implement the vision of the innovation and technology blueprint, and build a high-quality development model. Only in this way can Hong Kong's weak growth momentum be fundamentally revitalized.

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