CPA Australia Urges Hong Kong to Leverage 5-Year Plan with 5 Core Policy Recommendations
SingTao · 1 SOURCESabout 2 hours ago3 MIN
Summary
CPA Australia has formally submitted a series of policy recommendations to the Hong Kong government, calling for effective utilisation of the first five-year plan (2026–2030) and the 2026 Policy Address. The recommendations encompass five core themes: consolidating Hong Kong's position as an international financial centre; positioning the Northern Metropolis as the core engine for economic growth and innovation; strengthening the city's role as an international trade hub; establishing leadership in sustainable and transition finance; and cultivating future-ready talent and an innovation-driven economy. Industry leaders emphasised that Hong Kong should expand beyond traditional trade and financial flows to leverage its "super-connector" and "super-value-adder" roles, positioning itself as a capital market hub for commodities, precious metals, carbon products, digital assets, and RMB-denominated products.
Key Points
- CPA Australia recommends positioning Hong Kong as Asia's leading gold trading, clearing, settlement, financing, and risk management centre
- Zhang Lijun, President of CPA Australia Greater China Division, suggests Hong Kong should support Chinese enterprises' internationalisation efforts
- Liang Youting, Vice President of CPA Australia Greater China Division, urges evolving from traditional IPO financing centre to comprehensive capital formation hub
- The institute recommends Hong Kong Investment Corporation guide private capital into strategic industries and conduct comprehensive tax system review
- Wang Junbi, Council Member, proposes positioning Northern Metropolis as growth and innovation engine with top universities and multinational corporations
- Recommended measures include government "first-purchase" procurement scheme, University Commercialization Acceleration Fund, and Greater Bay Area cross-border data exchange sandbox
Why It Matters
These recommendations arrive at a critical juncture as Hong Kong formulates its inaugural five-year plan and Policy Address. The proposals offer a strategic roadmap for diversifying Hong Kong's economic foundations beyond traditional finance, tapping into emerging sectors such as sustainable finance, AI applications, and technology commercialisation. Successful implementation could significantly enhance Hong Kong's competitiveness against rival financial centres and strengthen its integration with the Greater Bay Area while maintaining its unique role connecting China with global markets .
These recommendations arrive at a critical juncture as Hong Kong formulates its inaugural five-year plan and Policy Address. The proposals offer a strategic roadmap for diversifying Hong Kong's economic foundations beyond traditional finance, tapping into emerging sectors such as sustainable finance, AI applications, and technology commercialisation. Successful implementation could significantly enhance Hong Kong's competitiveness against rival financial centres and strengthen its integration with the Greater Bay Area while maintaining its unique role connecting China with global markets .