Wong Yuen-shan links five-year plan to national strategy
SingTao · 2 SOURCESabout 3 hours ago5 MIN
Summary
Chief Executive's Policy Unit head Wong Yuen-shan (黃元山) said in Shenzhen on October 24 that Hong Kong’s first five-year plan turns alignment with national strategy into a practical and measurable vehicle for implementing “one country, two systems”. He used commodities trading, high value-added supply-chain services and Greater Bay Area cooperation to explain how policy research is being translated into planning and then into annual policy delivery.
Key Points
- Wong spoke at an academic seminar on “one country, two systems” hosted by the Chinese Academy of Social Sciences in Shenzhen on October 24, with the Hong Kong and Macao Research Centre as organiser and support from central Hong Kong and Macao bodies
- He said the Hong Kong SAR government signed a strategic cooperation framework agreement with the Chinese Academy of Social Sciences in March 2025, and witnessed the unveiling of the Hong Kong and Macao Research Centre in July 2026
- Wong cited Article 37 of the National Development Planning Law, passed in March 2026, which explicitly requires Hong Kong and Macao to proactively align with national plans
- He said Chief Executive John Lee Ka-chiu released Hong Kong’s first five-year plan on September 16, 2026, the same day as the Policy Address, calling the plan a development blueprint and the Policy Address its construction plan
- Wong said implementation follows a chain of five-year planning, annual policy execution, budgetary support and annual reporting, and he illustrated it with gold trading, mainland firms going global and Greater Bay Area coordination cases
Why It Matters
For Hong Kong readers, the speech sets out how the government intends to judge whether the first five-year plan produces concrete results rather than remaining a policy statement, by linking long-term planning to annual measures and follow-up reporting. It also shows which sectors the administration is prioritising as the main channels for integrating Hong Kong more deeply into national development while preserving its separate institutional role.