FHKI urges industry-led push in 300 proposals
Thestandard · 1 SOURCESabout 3 hours ago2 MIN
Summary
The Federation of Hong Kong Industries submitted more than 300 recommendations to Chief Executive John Lee on Friday ahead of the 2026 Policy Address. The package calls for a more decisive industry-led strategy to support economic transformation and higher-quality development.
Key Points
- The submission is titled “Strengthening Industry-led Development, Injecting New Impetus into the Economy and Shaping a New Landscape for Hong Kong’s High-quality Development,” and spans five policy pillars.
- Those pillars cover accelerating the Northern Metropolis, advancing new industrialization and innovation, tapping emerging global markets, cultivating new growth sectors, and strengthening enterprise support.
- FHKI chairman Anthony Lam Sai-ho backed the government’s plan to release Hong Kong’s first five-year plan alongside the Policy Address.
- Lam said the coordinated release would clarify long-term strategy and annual priorities, helping local industry upgrade and convert Hong Kong’s strengths into economic results.
- To speed up the Northern Metropolis, FHKI urged faster completion of primary and subsidiary legislation, more flexible land-use planning, cross-department coordination, and streamlined approvals.
- To attract major enterprises, the group proposed competitive leases, tax concessions, electricity subsidies, dedicated funding, and accessible industrial space and one-stop support for SMEs.
Why It Matters
The recommendations set out what a major industry body wants from the next Policy Address as Hong Kong tries to turn research, services and international connectivity into more concrete industrial growth. If adopted, the proposals could affect how quickly new industrial projects move from planning to operation, especially in the Northern Metropolis.