The Hong Kong government strategy has been to:

			Maintain financial stability
			Support enterprises
			Preserve employment.

The Financial Secretary said that Hong Kong government spending would exceed HK$300 billion in the 2009-10 financial year to combat the economic downturn, with a particular emphasis on job creation and preservation.

Small and medium-sized enterprises (SMEs) account for around half of private sector employment in Hong Kong. To assist SMEs facing difficulties due to reduced global demand amid the economic crisis, the government implemented measures to facilitate bank loans for SMEs and exports to help such companies carry on in business and develop new markets.

To boost the tourist industry, the Hong Kong government will organise a series of major events to promote the city as an 'events capital' and ask the central government to ease travel restrictions on Mainland residents to allow a greater number to visit Hong Kong.

Earlier, in December 2008, the government announced it would press forward with a number of major infrastructure projects, with the aim of creating thousands of job opportunities. One of these projects is the West Kowloon Cultural District, a huge undertaking to build a large-scale cultural and arts area in Hong Kong, which is set to offer many opportunities and boost the creative industries in Hong Kong. United Kingdom Trade and Industry (UKTI) has also identified infrastructure projects as a source of government support to the economy.