Hong Kong’s leader outlines 3 key new growth drivers ahead of first 5-year plan
Hong Kong’s leader has identified financial services, innovation and technology, and education as three key new growth drivers ahead of the unveiling of the city’s inaugural five-year development blueprint and annual policy address. Chief Executive John Lee Ka-chiu said on Saturday that Hong Kong’s first five-year plan would outline broad strategies, set clear development directions and align…
Hong Kong’s leader, Chief Executive John Lee Ka-chiu, has outlined three key growth drivers - financial services, innovation and technology, and education - in preparation for the city's inaugural five-year development blueprint. These will be detailed in the five-year plan, while the annual policy address will focus on specific measures.
Lee emphasized the importance of maintaining a pragmatic approach, unleashing market vitality, and cultivating new growth drivers for Hong Kong. The city's five-year plan is closely linked to China's 15th five-year plan, which requires Hong Kong to contribute to the nation's development and support its status as a high-end talent hub and international financial, shipping, and trading center.
Four initiatives have been identified as key growth drivers: effective operation of the central gold clearing system, development of a commodities trading ecosystem, attracting global enterprises to the Hong Kong-Shenzhen Innovation and Technology Park, and creating a university town in the Northern Metropolis. These initiatives have received strong public support, with over 16,000 submissions during a two-month public consultation that ended in late August.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
