Hong Kong’s leader has unveiled the city’s first five-year blueprint, aligned with China’s national development strategy, setting targets to nearly double innovation spending and raise the share of manufacturing and new industries to 5.5 per cent of the economy. In a historically significant new approach, Chief Executive John Lee Ka-chiu prefaced his annual policy address…
This year marks the opening year of the national 15th five-year plan. Faced with accelerating change globally and significant opportunities brought by national development, Hong Kong must better integrate into and serve the overall national development, enabling our economic progress to reach new heights while enhancing people’s livelihood and well-being. This February, I announced that…
Biomedicine is set to feature in Hong Kong’s first five-year plan, due to be unveiled next week, as the city’s top officials signal closer medical cooperation across the Greater Bay Area. Lending weight to those ambitions, global pharmaceutical company GSK emphasised its interest in expanding its role in the region’s biotech development on Wednesday, at…
The Hong Kong Special Administrative Region has become very good at throwing a party. Now it needs to become better at what takes place after the party. Concerts, soccer matches, art fairs, horse races, and international conferences have transformed the city’s events calendar. More than 130 major events in the first half of this year…
Hong Kong will unveil its first five-year plan and annual policy address on September 16, the city’s leader has announced, as he visited grass-roots residents and inspected community services to gather public views. “The five-year plan draws the eyes of a dragon, while the policy address draws the entire dragon,” Chief Executive John Lee Ka-chiu…
The Chinese idiom “look far ahead with vision” is an appropriate description of what Hong Kong always does. The example at hand is the special administrative region’s move to draft its first five-year plan. Chief Executive John Lee Ka-chiu recently confirmed that the SAR government aims to publish the inaugural five-year plan in September, coinciding…
Hong Kong has changed since the turmoil of 2019-20. Few people would dispute this. The more important question is what kind of city it is becoming. It is evolving into a more nationally integrated yet still distinctive city. The emerging model seeks to combine market dynamism and international connectivity with clearer alignment to national development….
As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost…
Hong Kong’s first five-year plan will be judged not by how many initiatives it assembles. Instead, it will be judged by whether it explains where the city intends to be by 2030 and how it will get there. The consultation document covers the expected ground. It includes the Northern Metropolis; Hong Kong’s roles as an…
Hong Kong Chief Executive John Lee Ka-chiu and his ministers will hold the first district consultation session to gather views on his coming policy address and the city’s inaugural five-year plan in Tuen Mun on Sunday. Only government-chosen residents and district representatives were invited to the exchange at the venue, sources said on Saturday. Lee…