Hong Kong releases First Five Year Plan covering 2026 to 2030 period
Chief Executive John Lee introduced structural development strategies under Hong Kong s First Five Year Plan detailing policy initiatives to deepen Greater Bay Area integration and advance local green transition
HONG KONG SAR - On September 16, 2026, Chief Executive John Lee unveiled the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (HKSAR) covering the period from 2026 to 2030. This plan aims to bolster Hong Kong's competitive edge in the global market, promote the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and advance green transformation initiatives.
Lee stressed that the government will work to strengthen coordination in technological innovation, hard connectivity through infrastructure development, soft connectivity by aligning rules and mechanisms, and promote "Connectivity of Hearts" among residents of the GBA. To foster cross-boundary collaboration, Hong Kong will participate actively in major cooperation platforms such as Qianhai, Nansha, Hengqin, and Hetao Shenzhen-Hong Kong Co-operation Zone.
The government will also support Nansha's role as a high-standard gateway for opening up and press on with the Northern Link Project and Hong Kong-Shenzhen Western Rail Link for seamless rail transit connectivity. On the soft connectivity front, a Task Force will be established to explore ways to align rules and mechanisms within the GBA, while Hong Kong will forge closer ties with other GBA cities by establishing cross-disciplinary partnerships and enhancing research, knowledge transfer, and commercialization.
In terms of financial development, Hong Kong will leverage institutional innovation, financial infrastructure upgrades, and regulatory alignment to facilitate the smooth flow of financial elements among GBA cities. The Hong Kong Exchanges and Clearing Limited's Core Climate is set to pilot trade in national renewable-energy green electricity certificates in Hong Kong in 2026.
To support green technology development, the HKSAR Government will allocate HK$400 million (about US$51 million) to the Green Tech Fund, aiming to help national green technologies and products go global. Additionally, Hong Kong and Guangdong will collaborate on developing a green industry, including a sustainable aviation fuel (SAF) production base in Dongguan, with the goal of achieving a 1% to 3% SAF consumption ratio for flights departing from Hong Kong International Airport by 2030.
Culturally, Hong Kong will promote the GBA's development as a cultured bay area through initiatives in sports, tourism, and the preservation and promotion of Cantonese opera, Lingnan culture, and Hong Kong publications.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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