Hong Kong’s 5-year plan will hinge on how it measures success

Ken Chu (LLD) is the chairman and CEO of Mission Hills Group with businesses in hospitality, leisure, entertainment, sports, wellness and education in China.Hong Kong’s first five-year plan will undoubtedly mark a significant milestone for the city. The public consultation launched last month covers a range of issues, such as economic development, innovation and technology, housing, healthcare, education, infrastructure and regional cooperation.The exercise offers a chance not only to discuss what Hong Kong hopes to achieve by 2030, but also how its success should be measured. That second question is perhaps the more important one.Hong Kong has never lacked ambition. Over the years, the city has set out clear aspirations for strengthening its position as an international financial centre, developing into an innovation and technology centre, attracting global talent and improving the quality of life for residents. The challenge has rarely been defining the destination. It has been more about measuring progress along the journey.