Hong Kong’s First Five-Year Development Plan underway; local sectors look forward to new development opportunities. The preparation of Hong Kong’s first five-year development plan is progressing in an orderly manner. Various sectors in Hong Kong have stated that they will seize the strategic opportunities of national development, better leverage Hong Kong’s unique advantages of “being backed by the motherland and connected to the world,” and achieve greater development by integrating into the overall national development agenda.

This year, Hong Kong is compiling its first local five-year development plan and has launched public consultation. The Chief Executive of the Hong Kong Special Administrative Region, John Lee Ka-chiu, said that this is the first time Hong Kong has formulated a five-year plan, which holds great significance. The five-year plan aims to proactively align with the national 15th Five-Year Plan, with the goals of developing the economy, improving people’s livelihoods, and serving the overall national development. We must consolidate and strengthen Hong Kong’s established status as an international financial, shipping, and trading centre, build our emerging innovation and technology centre, fully utilise Hong Kong’s strengths, and make it a highland for talent attraction.

Hong Kong sectors believe that the national 15th Five-Year Plan places scientific and technological innovation in a more prominent position, bringing new opportunities for Hong Kong to develop as an international innovation and technology centre. Dr. Lin Xiaohui, a Hong Kong member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) and Chairman of Realord Group (1196.HK) and The Sincere Company (0244.HK), stated that we will further leverage our advantages in basic scientific research, internationalised talent, and the rule of law environment. We will deeply align with national frontier science and technology projects, coordinate with the Greater Bay Area industrial chain to accelerate the transformation of achievements, and drive the rapid enhancement of new quality productive forces.