Hong Kong’s next policy address is just around the corner. Here’s what to expect
Hong Kong leader John Lee Ka-chiu’s coming policy address will introduce measures to remove hurdles for businesses setting up shop in the Northern Metropolis and include proactive initiatives to strengthen innovation hubs, research efforts and tech applications, the South China Morning Post has learned. Government sources said measures supporting the megaproject in the northern New Territories…
In the coming days, Hong Kong's next policy address is set to introduce measures aimed at removing obstacles for businesses establishing operations in the Northern Metropolis. The government sources suggest that this policy address, to be delivered by Chief Executive John Lee Ka-chiu on Wednesday, will be a major focus, alongside the unveiling of the city's first five-year plan.
The policy address and the five-year plan are each expected to last no more than three hours, with the latter encompassing concrete targets for both Lee and future administrations.
The policy address is anticipated to include deregulation and streamlining measures, with authorities determined to remove red tape and facilitate business operations. Streamlining the process for obtaining approvals from various departments during construction is also a proposed direction, with the aim of cutting time and costs for companies.
The planned megaproject, which includes several innovation hubs and a university town, spans 30,000 hectares and aims to diversify the economy through technology, create skilled jobs, and offer better quality of life for residents.
Lee is expected to announce more proactive policies to boost industrial development, reinforcing Hong Kong's position as a world-leading innovation hub. The city plans to develop synergy among its own innovation parks and foster collaboration with five other research and development institutes to expand research capabilities. Authorities are also considering using artificial intelligence to develop Hong Kong society while attaching great importance to safety, ethics, and responsibilities in its use.
They intend to integrate AI across various policy areas, including tourism, welfare, finance, and legal services, and introduce the use of robots in communities. Lastly, officials are exploring the possibility of enacting legislation to combat cyber-dependent crimes.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
