John Lee: Hong Kong is rapidly formulating its first Five-Year Plan.

March 17, 2026
Xinhua News Agency
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The Chief Executive of the Hong Kong Special Administrative Region Li Jiachao stated at the "Hong Kong Economic Summit 2026" that the SAR government is making every effort to formulate the first "Hong Kong Five-Year Plan" to unite all sectors of society, actively connect with the country's "15th Five-Year Plan" and provide a clear blueprint for the future development of Hong Kong. The core of the plan is to promote Hong Kong to better integrate into and serve the overall situation of national development, make use of the unique advantages of internal and external communication under "one country, two systems", and seize the country's leading development opportunities in the fields of innovation and technology, artificial intelligence, and infrastructure construction, so as to realize the leapfrog upgrading of Hong Kong's emerging industries. Li Jiachao stressed that Hong Kong needs to play the role of "super contact" and "super value-added" in the domestic and international double cycle, deepen the cooperation between Guangdong, Hong Kong and Macao, participate in building a world-class Bay area, expand the global economic and trade network, and strengthen ties with emerging economies. To this end, the SAR government has set up a "special class for mainland enterprises to go to sea" to promote the docking of internal and external resources. At the same time, the plan will consolidate and upgrade traditional advantageous industries such as finance and shipping, and use the northern metropolitan area as a new engine to provide land and kinetic energy for the development of new quality productivity through area development and innovative cooperation models, and ultimately turn opportunities into practical results in promoting high-quality economic development and improving people's livelihood.
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