Hong Kong to formulate first 5-year plan to align with national blueprint

Hong Kong's Chief Executive John Lee Ka-chiu will lead an interdepartmental task force to formulate the city's first five-year plan, aligning with China's 15th five-year plan from 2026 to 2030. The national plan aims to support Hong Kong as a high-end talent hub and strengthen its international financial, shipping, and trade status. For the first time, Hong Kong will devise its own five-year plan alongside detailed policy frameworks for key areas of development. This move signals greater government involvement in shaping the city's development. The task force will prioritize visits to Eastern Europe and Central Asia to explore new markets for local businesses, aiming to mitigate risk amid geopolitical tensions. The initiative marks a more proactive approach in integrating Hong Kong into national development.

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