The DAB urged the government to make good use of the two incoming pandas as a means to promote the local economy.

This came as the party submitted its Policy Address recommendations to Chief Executive John Lee.

Speaking to reporters at the Legislative Council on Wednesday, DAB lawmaker Holden Chow said the “panda economy” could benefit the tourism, catering, and cultural sectors in Hong Kong.

“We very much look forward to these pandas coming to Hong Kong, and that would definitely boost our tourism," he added.

"I would say the chief executive [in his Policy Address] would very much focus on the economy."

Meanwhile, the New People's Party (NPP) said the government should set up a joint-immigration checkpoint at Hong Kong International Airport, to strengthen the SAR's status as an aviation hub by improving connectivity with the mainland.

Speaking to reporters after submitting the NPP's Policy Address recommendations, the party’s chairwoman Regina Ip said co-location checkpoints are popular as they make travel to the mainland easier.

“Co-location is nothing new. We already have co-location at the Shenzhen Bay control point and there will be more co-location facilities in the Greater Bay Area, and it's very popular with the visitors and with the travellers. So I don't think it will raise any legal problems. Of course, suitable legal amendments will need to be made,” she explained.

Roundtable lawmaker Michael Tien said the government should look at ways to attract locals and mainlanders to stay in Hong Kong over the weekend.

Speaking to reporters at the Legislative Council, Tien said many Hongkongers are travelling north because the cost of living in the city is too high.

"Whatever you buy in Hong Kong is more expensive than you can get for the same thing in Shenzhen. That's why a lot of Hong Kong people no longer spend their weekends in Hong Kong. So how do we tackle that? We suggest that we need to go high-end, to move up the market," he said.