The Working Group on Ageing Society Strategies, led by Deputy Chief Secretary Cheuk Wing-hing, today held its first meeting during which policy bureaus discussed the group's strategic directions and initial plans.

The working group also received an analysis of future population trends and the economic implications of Hong Kong's ageing society, presented respectively by the Census & Statistics Department and the Office of the Government Economist at the session.

By 2046, more than one in three Hong Kong residents will reach the age 65 or above. Mr Cheuk noted that challenges and opportunities arising from an ageing society impacts various facets, spanning multiple policy areas, therefore the working group includes members from all 15 policy bureaus.

He also said the working group will look into how community resources and market participation may be capitalised to drive cross-sector collaboration and synergise with government policy initiatives to formulate strategic responses to societal ageing.

Additionally, it will monitor the implementation of the measures announced earlier to promote the silver economy and consider additional measures to develop silver economy for the city, Mr Cheuk added.

The working group comprises the Secretary for Labour & Welfare as deputy leader and heads of the other 14 bureaus as well as the Head of the Chief Executive's Policy Unit as members. It will submit a report to the Chief Executive next year.