Chief Executive John Lee Ka-chiu revealed the decision at a reception held in the Convention and Exhibition Centre, where he also set out three directions for the city’s governance.
Hongkongers and tourists alike can also enjoy free admission to museums and discounts offered by thousands of restaurants and retailers.
The day also marks the start of Lee’s third year in office, and he has vowed to focus on economic development and improving people’s livelihoods, as well as strengthening Hong Kong’s own advantages and making use of the opportunities offered by the mainland and the world during the rest of his term.
Follow the Post’s live blog for the speeches and key events, and snapshots of where Hong Kong stands now.
Reporting by Edith Lin, Natalie Wong, Willa Wu, Jeffie Lam, Kahon Chan, Connor Mycroft, Oscar Liu, Ezra Cheung, Wynna Wong, Ambrose Li, Tom Shuai, James Modesto and Alice Kong.