Foreign chambers back Hong Kong 5-year plan, urge progress on Northern Metropolis
Representatives of foreign business chambers who met Hong Kong’s leader have said the five-year plan provided clear policy priorities for businesses’ strategic planning, but called for more concrete timelines and visible progress on the Northern Metropolis project to attract investment. Chief Executive John Lee Ka-chiu held a briefing on Monday for consuls general and heads of foreign chambers of…
Foreign business chambers have endorsed Hong Kong's five-year plan, with representatives urging further progress on the Northern Metropolis project to boost investment confidence. Chief Executive John Lee Ka-chiu explained that the plan combines government policy with market forces, allowing firms to adapt to changing circumstances.
The plan, which spans 2026 to 2030, prioritizes the development of the Northern Metropolis, a 30,000-hectare megaproject featuring technology parks, university campuses, and homes. The project aims to solidify Hong Kong's position as an international hub for finance, innovation, and various industries. However, foreign business leaders emphasized that attracting overseas capital demands clear execution markers, such as visible development timelines.
Australian Chamber of Commerce CEO Mary Simpson noted that firms in her country are eager to invest in Hong Kong, offering expertise in public-private partnerships, urban planning, and healthcare. European Chamber of Commerce Chairman Johannes Hack stressed the need for a compelling narrative to showcase the megaproject's achievements, such as a novel drug developed with Greater Bay Area participation, to convince European investors.
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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