Aa

EVENT

Dialogue with Leader

Luncheon: Challenges to Hong Kong Government under Decelerating Growth of Economy and Aging Population

2014.09.05

Invited by the Foundation, Prof. Liu Pak-wai, Founding Director of the Institute of Global Economics and Finance of the Chinese University of Hong Kong gave a presentation entitled “Challenges to Hong Kong Government under Decelerating Growth of Economy and Aging Population” to our members and guests on 5 September 2014. Hong Kong’s economic growth has steadily decelerated over time and thus increases of government revenue have followed suit. Furthermore, the population in Hong Kong is ageing fast. An expanding and ageing population will put pressure on social welfare and health services expenditure. In his presentation, Prof. Liu assessed, under existing policies, the long-term public expenditure needs and changes in government revenue. Feasible measures to cope with the challenges were also proposed. 

Chaired by the Foundation’s Executive Committee Chairman Mr. Ronnie Chan, Trustee Dr. Sumet Jiaravanon’s representative Ms. Li Xuhua; Council Members Dr. Roy Chung, Mr. Thomas Woo, Ms. Winnie Ng, Mr. Joseph Yu, Mr. Samson Chan, Mr. Chan Yim-kwong, Mr. Peter Lo, Mr. Billy Yung, Mr. Bryant Lu and Ms. Alice Au; Executive Director Ms. Karen Tang; and guests Mr. Peter Kung, Mr. Franklin Lam, Ms. Anna Lai, Dr. Fang Zhou and Ms. Agnes Ching attended the meeting.

Prof. Liu Pak-wai (front row, middle) with members and guests