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15th five-year plan presents ‘golden strategic period’ for Hong Kong: Paul Chan

15th five-year plan presents ‘golden strategic period’ for Hong Kong: Paul Chan

Hong Kong’s financial chief has vowed to serve the nation and seize opportunities from the newly unveiled 15th five-year development plan, calling it a “golden strategic period” with great potential amid escalating geopolitics.

Financial Secretary Paul Chan Mo-po said on Sunday that Hong Kong would adopt “Artificial Intelligence+” and “Finance+” approaches to support China’s development plan for 2026 to 2030.

Beijing on Thursday revealed the sweeping blueprint during the annual “two sessions” meetings, amid ongoing US-Israel strikes on Iran that had spiralled into conflict in the Middle East.

Chan said the turbulent geopolitical landscape had been a drag on global economic growth momentum, but the central government’s leadership and stable internal policies and technology innovation offered hope.

“The 15th five-year plan has provided a clear direction for Hong Kong’s future development and further strengthens the confidence of all sectors of society,” he said in his weekly blog post.

“The 15th five-year plan presents boundless opportunities, and Hong Kong has much to offer. Moving forward, we need everyone to work together to better integrate into and serve the overall development of the country, thereby achieving our own better development.”

The nation’s blueprint tasked Hong Kong with further integrating into the country and serving in its role as an international financial hub, strengthening offshore renminbi business and supply chain services, speeding up the Northern Metropolis megaproject and more.

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