Beijing’s ‘trust issue’ with Hong Kong and what the city can promise in its 5-year plan
In the final instalment of our series of previews on the five-year plan and policy address, to be announced on September 16, Natalie Wong and Matthew Cheng look at how national security spans areas such as finance and technology and what Hong Kong must do to earn Beijing’s trust. Read part one here, part two here, part three here and part four here. With the recent sentencing of former leaders of…
Beijing's concern over its "trust issue" with Hong Kong has taken center stage in the upcoming five-year plan, which will be unveiled in September. Chief Executive John Lee Ka-chiu will dedicate a full chapter to national security, emphasizing that it extends beyond law enforcement and combating "soft resistance" efforts. The framework will safeguard economic development, ensuring that growth does not expose vulnerabilities for China.
Authorities are expected to implement institutional safeguards in key areas, particularly finance and technology, which are among China's 11 critical domains. Hong Kong's government sees strengthening safety nets in these domains as crucial for the city to maintain its position as an international financial center and to develop further into a global innovation hub.
Success, experts say, hinges on how the blueprint, along with the policy address, can leverage Hong Kong's strengths to align with the nation's five-year goals of achieving technological self-reliance and pushing for renminbi internationalisation.
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.
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