Health chief Lo Chung-mau said the government aims to table anti-smoking legislation at the Legislative Council in April.
Authorities want to further reduce the number of smokers in the SAR and cut down on tobacco products, by banning e-cigarettes and flavoured tobacco.
Speaking on a TVB programme, the secretary for health said the measures would be implemented in phases, while also stressing the need to crack down on cigarette smuggling.
"The first will be introducing duty-paid labels, and the second would be heavier fines towards illicit cigarettes. After this, we will move onto other issues," he said.
"Another problem we are concerned about is e-cigarettes. Hong Kong has implemented an import ban in April 2022. Theoretically, no one should be able to buy them. Those who are still having e-cigarettes either have a lot in hand or bought them through illegal channels."
On the proposed ban on flavoured tobacco, which Lo said is used by 40 percent of smokers, the health minister said the government will first seek to outlaw non-mint flavoured tobacco.
Lo said in future, anyone entering Hong Kong can bring with them 19 flavoured cigarette sticks for personal use without paying tax, and up to 20 packs with tax.
He made it clear smoking led to strong economic losses. "A lot of examples and data tell us when our health is affected by smoking, the economic loss is huge. An HKU study says the economic loss in Hong Kong per year, including medical expenses and loss in manpower due to smoking, reaches more than HK$8 billion."
Lo also said the government's anti-tobacco policies hope to protect public health without hindering economic development.