John Lee ties Hong Kong plan to national strategy
Bastillepost · 2 SOURCESabout 2 hours ago5 MIN
Summary
Chief Executive John Lee Ka-chiu (李家超) said Hong Kong’s first five-year plan will be released on September 16 together with a new Policy Address, with the plan setting macro strategy and the Policy Address focusing on concrete measures. He said the timing coincides with the first year of the national 15th Five-Year Plan, and that Hong Kong should make full use of its dual role as a “super connector” and “super value-adder” to integrate more smoothly into national development and contribute its own strengths. Speaking at a Hong Kong Association of Banks event, Lee said the banking sector is a key partner in expanding offshore renminbi business, deepening financial connectivity with the mainland and supporting the real economy, innovation and technology, commodity trading, financial security and market integrity. He also said public views gathered through online and offline channels had provided important reference points for drafting the long-term blueprint
Key Points
- Lee said Hong Kong’s first five-year plan will be formally published on September 16, with a new Policy Address to follow in tandem.
- He said the plan will define macro strategy and development direction, while the Policy Address will concentrate on specific implementation measures
- Lee linked the plan to the first year of the national 15th Five-Year Plan and said Hong Kong should better align with national development.
- At a Hong Kong Association of Banks event, he said banks are crucial to offshore renminbi expansion and broader cross-boundary connectivity mechanisms
- He said the government will further broaden Stock Connect, Bond Connect and Cross-boundary Wealth Management Connect with the mainland
Why It Matters
The plan is intended to separate long-term strategy from annual policy execution, giving Hong Kong a more structured framework for economic and policy priorities. For residents and businesses, the emphasis on financial connectivity, innovation, the Northern Metropolis and new growth areas points to where government attention and resources may be concentrated next.