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"Deeper reforms on value added tax, commencing on April 1, will further relieve the pressure on small businesses and boost economic activity," Ng said.

"Deglobalization sounds good until you need to design a product in a competitive marketplace," the report said, adding that globalization happens because it creates value and broadens a corporation's capabilities.

"Due to Honor's good performance, it has received more resources. I believe it has the potential to become a main force in overseas markets like Southeast Asia and India," Jia added.

"Despite shrinking revenues and expenditures for COVID-19 relief measures, we will not reduce charity donations pledged for the current financial year to show our commitment and social responsibility when Hong Kong faces a difficult period, but we will definitely pay less tax to the government," he said.

"Eleven search and rescue teams comprising around 190 people are working in a rapid and orderly manner," Hu said.